Lulu’s Fashion Lounge (NASDAQ:LVLU) PT Lowered to $5.00

Lulu’s Fashion Lounge (NASDAQ:LVLU – Get Rating) had its price target reduced by Telsey Advisory Group from $9.00 to $5.00 in a research report issued on Wednesday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Telsey Advisory Group’s price objective suggests a potential upside of 86.57% from the company’s current price. Telsey Advisory Group also issued estimates for Lulu’s Fashion Lounge’s Q1 2023 earnings at ($0.07) EPS, Q2 2023 earnings at $0.04 EPS, Q3 2023 earnings at $0.04 EPS, Q4 2023 earnings at $0.00 EPS and FY2024 earnings at $0.26 EPS.

LVLU has been the topic of a number of other research reports. Jefferies Financial Group cut Lulu’s Fashion Lounge from a “buy” rating to a “hold” rating and dropped their target price for the stock from $15.00 to $3.00 in a research report on Wednesday, February 15th. Cowen cut Lulu’s Fashion Lounge from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $8.00 to $5.50 in a research report on Tuesday, November 22nd. Robert W. Baird reduced their target price on Lulu’s Fashion Lounge from $7.00 to $5.50 in a report on Wednesday. Cowen cut shares of Lulu’s Fashion Lounge from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $8.00 to $5.50 in a research note on Tuesday, November 22nd. Finally, KeyCorp reduced their price objective on shares of Lulu’s Fashion Lounge from $10.00 to $7.00 and set an “overweight” rating for the company in a research note on Wednesday, November 16th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $6.38.

Lulu’s Fashion Lounge Stock Up 8.1 %

Shares of NASDAQ:LVLU opened at $2.68 on Wednesday. Lulu’s Fashion Lounge has a fifty-two week low of $1.93 and a fifty-two week high of $21.29. The company has a quick ratio of 0.42, a current ratio of 1.13 and a debt-to-equity ratio of 0.22. The firm’s 50-day simple moving average is $2.95 and its 200-day simple moving average is $4.10. The company has a market cap of $104.34 million, a price-to-earnings ratio of 33.50 and a beta of -0.02.

Institutional Trading of Lulu’s Fashion Lounge

Several large investors have recently modified their holdings of LVLU. Principal Financial Group Inc. increased its stake in shares of Lulu’s Fashion Lounge by 25.8% during the 2nd quarter. Principal Financial Group Inc. now owns 1,979,419 shares of the company’s stock worth $21,476,000 after purchasing an additional 405,422 shares in the last quarter. BlackRock Inc. increased its position in Lulu’s Fashion Lounge by 143.8% during the third quarter. BlackRock Inc. now owns 652,304 shares of the company’s stock worth $3,040,000 after buying an additional 384,735 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Lulu’s Fashion Lounge by 23.8% in the third quarter. Vanguard Group Inc. now owns 630,392 shares of the company’s stock worth $2,938,000 after acquiring an additional 120,985 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Lulu’s Fashion Lounge by 5.2% in the fourth quarter. Geode Capital Management LLC now owns 236,352 shares of the company’s stock valued at $593,000 after acquiring an additional 11,662 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of Lulu’s Fashion Lounge by 105.4% during the second quarter. Renaissance Technologies LLC now owns 132,700 shares of the company’s stock valued at $1,440,000 after acquiring an additional 68,100 shares during the last quarter. 54.08% of the stock is currently owned by institutional investors and hedge funds.

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.