Cowen Trims Lulu’s Fashion Lounge (NASDAQ:LVLU) Target Price to $12.00

Lulu’s Fashion Lounge (NASDAQ:LVLUGet Rating) had its price objective reduced by Cowen from $22.00 to $12.00 in a report released on Friday morning, Stock Target Advisor reports.

LVLU has been the subject of a number of other research reports. The Goldman Sachs Group lowered 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 report on Monday, April 4th. Bank of America downgraded Lulu’s Fashion Lounge from a buy rating to a neutral rating and boosted their price target for the company from $14.00 to $21.00 in a research report on Friday, June 10th. KeyCorp lowered their price target on Lulu’s Fashion Lounge from $15.00 to $10.00 and set an overweight rating for the company in a research report on Friday. Robert W. Baird lowered their price target on Lulu’s Fashion Lounge from $17.00 to $10.00 and set an outperform rating for the company in a research report on Friday. Finally, Cowen reduced their price objective on Lulu’s Fashion Lounge from $22.00 to $12.00 in a research note on Friday. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average target price of $14.33.

Lulu’s Fashion Lounge Trading Down 2.5 %

Shares of NASDAQ:LVLU opened at $5.46 on Friday. The company has a quick ratio of 0.48, a current ratio of 1.00 and a debt-to-equity ratio of 0.28. Lulu’s Fashion Lounge has a 52 week low of $5.10 and a 52 week high of $21.29. The business has a fifty day simple moving average of $12.62 and a 200-day simple moving average of $10.23.

Lulu’s Fashion Lounge (NASDAQ:LVLUGet Rating) last announced its quarterly earnings data on Tuesday, May 17th. The company reported $0.05 EPS for the quarter, meeting analysts’ consensus estimates of $0.05. The business had revenue of $111.90 million during the quarter, compared to analysts’ expectations of $97.50 million. On average, sell-side analysts predict that Lulu’s Fashion Lounge will post 0.49 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of LVLU. Kornitzer Capital Management Inc. KS acquired a new position in shares of Lulu’s Fashion Lounge in the fourth quarter worth about $959,000. New York State Common Retirement Fund acquired a new stake in Lulu’s Fashion Lounge during the fourth quarter valued at approximately $25,000. Envestnet Asset Management Inc. acquired a new stake in Lulu’s Fashion Lounge during the fourth quarter valued at approximately $138,000. Northern Trust Corp acquired a new stake in Lulu’s Fashion Lounge during the fourth quarter valued at approximately $489,000. Finally, Principal Financial Group Inc. acquired a new stake in Lulu’s Fashion Lounge during the fourth quarter valued at approximately $14,918,000. Institutional investors and hedge funds own 51.34% of the company’s stock.

About Lulu’s Fashion Lounge

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

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Analyst Recommendations for Lulu's Fashion Lounge (NASDAQ:LVLU)

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