Lulu’s Fashion Lounge (NASDAQ:LVLU) PT Lowered to $3.00

Lulu’s Fashion Lounge (NASDAQ:LVLU – Get Rating) had its price target lowered by stock analysts at Bank of America from $7.80 to $3.00 in a research report issued to clients and investors on Friday, The Fly reports. Bank of America‘s target price indicates a potential upside of 29.31% from the company’s previous close.

Other analysts have also recently issued reports about the company. Robert W. Baird decreased their target price on Lulu’s Fashion Lounge from $7.00 to $5.50 in a research report on Wednesday. Cowen cut Lulu’s Fashion Lounge from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $8.00 to $5.50 in a research report on Tuesday, November 22nd. BTIG Research decreased their target price on Lulu’s Fashion Lounge from $5.00 to $4.00 and set a “buy” rating for the company in a research report on Wednesday. Piper Sandler decreased their target price on Lulu’s Fashion Lounge from $11.00 to $3.00 in a research report on Wednesday. Finally, Jefferies Financial Group cut Lulu’s Fashion Lounge from a “buy” rating to a “hold” rating and decreased their target price for the company from $15.00 to $3.00 in a research report on Wednesday, February 15th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Lulu’s Fashion Lounge has an average rating of “Moderate Buy” and an average price target of $4.58.

Lulu’s Fashion Lounge Trading Down 13.4 %

LVLU opened at $2.32 on Friday. Lulu’s Fashion Lounge has a one year low of $1.93 and a one year high of $21.29. The company has a market cap of $91.15 million, a P/E ratio of 29.00 and a beta of -0.02. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.42 and a current ratio of 1.45. The business’s 50-day simple moving average is $2.95 and its 200-day simple moving average is $4.05.

Institutional Trading of Lulu’s Fashion Lounge

Several hedge funds have recently modified their holdings of the business. California State Teachers Retirement System increased its stake in Lulu’s Fashion Lounge by 162.4% in the 3rd quarter. California State Teachers Retirement System now owns 6,572 shares of the company’s stock valued at $31,000 after purchasing an additional 4,067 shares in the last quarter. Quantbot Technologies LP purchased a new position in Lulu’s Fashion Lounge in the 2nd quarter valued at approximately $39,000. Bank of America Corp DE increased its stake in Lulu’s Fashion Lounge by 27.5% in the 1st quarter. Bank of America Corp DE now owns 6,304 shares of the company’s stock valued at $42,000 after purchasing an additional 1,358 shares in the last quarter. Lazard Asset Management LLC purchased a new position in Lulu’s Fashion Lounge in the 2nd quarter valued at approximately $45,000. Finally, Tower Research Capital LLC TRC increased its stake in Lulu’s Fashion Lounge by 906.8% in the 3rd quarter. Tower Research Capital LLC TRC now owns 13,652 shares of the company’s stock valued at $63,000 after purchasing an additional 12,296 shares in the last quarter. 54.08% of the stock is 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.