Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU) Expected to Post FY2022 Earnings of $0.12 Per Share

Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLUGet Rating) – Stock analysts at Telsey Advisory Group lowered their FY2022 EPS estimates for shares of Lulu’s Fashion Lounge in a report issued on Wednesday, November 16th. Telsey Advisory Group analyst D. Telsey now expects that the company will post earnings of $0.12 per share for the year, down from their prior estimate of $0.32. Telsey Advisory Group currently has a “Outperform” rating and a $9.00 target price on the stock. The consensus estimate for Lulu’s Fashion Lounge’s current full-year earnings is $0.35 per share. Telsey Advisory Group also issued estimates for Lulu’s Fashion Lounge’s Q4 2022 earnings at ($0.11) EPS and FY2023 earnings at $0.43 EPS.

Several other brokerages also recently commented on LVLU. Cowen decreased their target price on shares of Lulu’s Fashion Lounge from $22.00 to $12.00 in a research note on Friday, July 29th. The Goldman Sachs Group decreased their target price on shares of Lulu’s Fashion Lounge from $10.00 to $8.75 and set a “buy” rating on the stock in a research note on Wednesday. Piper Sandler decreased their target price on shares of Lulu’s Fashion Lounge from $14.00 to $11.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 17th. Robert W. Baird reduced their price objective on shares of Lulu’s Fashion Lounge from $17.00 to $10.00 and set an “outperform” rating on the stock in a research report on Friday, July 29th. Finally, KeyCorp reduced their price objective on shares of Lulu’s Fashion Lounge from $10.00 to $7.00 and set an “overweight” rating on the stock in a research report on Wednesday. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $12.64.

Lulu’s Fashion Lounge Stock Down 3.4 %

Shares of NASDAQ LVLU opened at $4.87 on Friday. The company has a quick ratio of 0.37, a current ratio of 1.13 and a debt-to-equity ratio of 0.22. Lulu’s Fashion Lounge has a 52 week low of $4.50 and a 52 week high of $21.29. The firm’s fifty day moving average is $5.50 and its 200 day moving average is $8.68. The company has a market cap of $189.59 million and a price-to-earnings ratio of -1.09.

Lulu’s Fashion Lounge (NASDAQ:LVLUGet Rating) last announced its quarterly earnings data on Tuesday, August 16th. The company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.02). Lulu’s Fashion Lounge had a return on equity of 233.98% and a net margin of 0.04%. The business had revenue of $131.51 million during the quarter, compared to the consensus estimate of $131.58 million.

Institutional Trading of Lulu’s Fashion Lounge

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Principal Financial Group Inc. grew its position in shares of Lulu’s Fashion Lounge by 25.8% in the 2nd quarter. Principal Financial Group Inc. now owns 1,979,419 shares of the company’s stock worth $21,476,000 after buying an additional 405,422 shares during the period. BlackRock Inc. boosted its stake in Lulu’s Fashion Lounge by 143.8% in the 3rd quarter. BlackRock Inc. now owns 652,304 shares of the company’s stock worth $3,040,000 after purchasing an additional 384,735 shares in the last quarter. Vanguard Group Inc. boosted its stake in Lulu’s Fashion Lounge by 23.8% in the 3rd quarter. Vanguard Group Inc. now owns 630,392 shares of the company’s stock worth $2,938,000 after purchasing an additional 120,985 shares in the last quarter. J. Goldman & Co LP boosted its stake 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 purchasing an additional 16,459 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in Lulu’s Fashion Lounge by 105.4% in the 2nd quarter. Renaissance Technologies LLC now owns 132,700 shares of the company’s stock worth $1,440,000 after purchasing an additional 68,100 shares in the last quarter. 52.14% of the stock is owned by hedge funds and other institutional investors.

Lulu’s Fashion Lounge Company Profile

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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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Earnings History and Estimates for Lulu's Fashion Lounge (NASDAQ:LVLU)

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