Cowen Increases Lulu’s Fashion Lounge (NASDAQ:LVLU) Price Target to $22.00

Lulu’s Fashion Lounge (NASDAQ:LVLUGet Rating) had its price objective upped by equities researchers at Cowen to $22.00 in a report issued on Thursday, Stock Target Advisor reports. Cowen’s price objective points to a potential upside of 26.58% from the company’s previous close.

A number of other equities research analysts have also commented on the company. Cowen restated a “buy” rating and set a $15.00 price objective on shares of Lulu’s Fashion Lounge in a research report on Friday, April 1st. The Goldman Sachs Group cut their price target on Lulu’s Fashion Lounge from $33.00 to $15.00 and set a “buy” rating for the company in a research note on Monday, April 4th. Finally, Zacks Investment Research downgraded Lulu’s Fashion Lounge from a “buy” rating to a “hold” rating in a report on Friday, May 20th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, Lulu’s Fashion Lounge currently has an average rating of “Buy” and a consensus target price of $16.48.

Shares of NASDAQ LVLU traded up $1.52 during mid-day trading on Thursday, reaching $17.38. 13,663 shares of the company traded hands, compared to its average volume of 134,687. The company has a fifty day moving average of $8.97. Lulu’s Fashion Lounge has a fifty-two week low of $5.10 and a fifty-two week high of $16.05. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.00 and a quick ratio of 0.62.

Lulu’s Fashion Lounge (NASDAQ:LVLUGet Rating) last announced its quarterly earnings data on Thursday, March 31st. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.05. The business had revenue of $96.76 million during the quarter, compared to analyst estimates of $93.10 million. Sell-side analysts anticipate that Lulu’s Fashion Lounge will post 0.59 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of LVLU. Goldman Sachs Group Inc. bought a new position in shares of Lulu’s Fashion Lounge in the first quarter worth about $214,000. State Street Corp grew its holdings in Lulu’s Fashion Lounge by 52.0% in the 1st quarter. State Street Corp now owns 77,186 shares of the company’s stock valued at $523,000 after buying an additional 26,393 shares during the last quarter. J. Goldman & Co LP increased its position in Lulu’s Fashion Lounge by 7.8% in the 1st quarter. J. Goldman & Co LP now owns 227,493 shares of the company’s stock worth $1,542,000 after buying an additional 16,459 shares during the period. Renaissance Technologies LLC acquired a new position in shares of Lulu’s Fashion Lounge during the first quarter worth approximately $438,000. Finally, Vanguard Group Inc. boosted its position in shares of Lulu’s Fashion Lounge by 24.6% in the first quarter. Vanguard Group Inc. now owns 111,192 shares of the company’s stock valued at $754,000 after acquiring an additional 21,978 shares during the period. 51.34% of the stock is owned by institutional investors and hedge funds.

About Lulu’s Fashion Lounge (Get Rating)

Lulu's Fashion Lounge Holdings, Inc operates as an online retailer of women's clothing, shoes, and accessories. It offers dresses, tops, bottoms, bridal wear, intimates, swimwear, footwear, and accessories under the Lulus brand. The company sells its products through owned media, which primarily consists of its website, mobile app, social media platforms, email, and SMS; earned media; and paid media that consists of paid advertisement on search engines, such as Google and Bing, as well as social media platforms comprising Facebook and Instagram.

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