Lulu’s Fashion Lounge (NASDAQ:LVLU) Downgraded by Cowen to “Market Perform”

Cowen lowered shares of Lulu’s Fashion Lounge (NASDAQ:LVLUGet Rating) to a market perform rating in a research note published on Tuesday, Stock Target Advisor reports.

Other equities research analysts have also recently issued research reports about the company. Cowen cut Lulu’s Fashion Lounge from an outperform rating to a market perform rating in a research note on Tuesday. The Goldman Sachs Group cut their price target on shares of Lulu’s Fashion Lounge from $10.00 to $8.75 and set a buy rating for the company in a research note on Wednesday, November 16th. Piper Sandler lowered their price objective 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 dropped their target price on shares of Lulu’s Fashion Lounge from $17.00 to $10.00 and set an outperform rating on the stock in a report on Friday, July 29th. Finally, Telsey Advisory Group reduced their price target on Lulu’s Fashion Lounge from $12.00 to $9.00 and set an outperform rating for the company in a report on Wednesday, November 16th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of Moderate Buy and an average target price of $12.64.

Lulu’s Fashion Lounge Stock Performance

LVLU opened at $4.34 on Tuesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.42 and a current ratio of 1.13. The business’s 50-day simple moving average is $5.43 and its 200 day simple moving average is $8.58. The firm has a market capitalization of $168.96 million and a PE ratio of -0.97. Lulu’s Fashion Lounge has a 52-week low of $4.20 and a 52-week high of $21.29.

Institutional Investors Weigh In On Lulu’s Fashion Lounge

Hedge funds have recently bought and sold shares of the stock. Truist Financial Corp grew its position in shares of Lulu’s Fashion Lounge by 242.8% in the first quarter. Truist Financial Corp now owns 69,017 shares of the company’s stock valued at $468,000 after purchasing an additional 48,883 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in Lulu’s Fashion Lounge by 45.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 19,609 shares of the company’s stock valued at $133,000 after buying an additional 6,091 shares in the last quarter. Principal Financial Group Inc. increased its position in Lulu’s Fashion Lounge by 7.9% during the 1st quarter. Principal Financial Group Inc. now owns 1,573,997 shares of the company’s stock worth $10,672,000 after buying an additional 115,738 shares during the period. Bank of New York Mellon Corp acquired a new stake in shares of Lulu’s Fashion Lounge during the first quarter worth $139,000. Finally, Panagora Asset Management Inc. bought a new stake in shares of Lulu’s Fashion Lounge in the first quarter valued at about $215,000. 52.14% of the stock is currently 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. 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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