Telsey Advisory Group Weighs in on Lulu’s Fashion Lounge Holdings, Inc.’s Q2 2024 Earnings (NASDAQ:LVLU)

Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU) – Research analysts at Telsey Advisory Group upped their Q2 2024 EPS estimates for shares of Lulu’s Fashion Lounge in a report released on Thursday, May 9th. Telsey Advisory Group analyst D. Telsey now forecasts that the company will post earnings per share of $0.06 for the quarter, up from their previous estimate of $0.05. Telsey Advisory Group currently has a “Market Perform” rating and a $3.00 target price on the stock. The consensus estimate for Lulu’s Fashion Lounge’s current full-year earnings is ($0.12) per share.

Lulu’s Fashion Lounge Stock Down 1.7 %

LVLU stock opened at $1.75 on Friday. The business has a 50-day simple moving average of $1.49 and a 200 day simple moving average of $1.88. The company has a market cap of $72.33 million, a PE ratio of -3.57 and a beta of 0.09. Lulu’s Fashion Lounge has a 52 week low of $1.05 and a 52 week high of $3.26.

Lulu’s Fashion Lounge (NASDAQ:LVLU) last released its quarterly earnings data on Wednesday, March 6th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.08). Lulu’s Fashion Lounge had a negative net margin of 5.44% and a negative return on equity of 30.43%. The business had revenue of $74.96 million during the quarter, compared to analyst estimates of $73.95 million.

Institutional Trading of Lulu’s Fashion Lounge

An institutional investor recently bought a new position in Lulu’s Fashion Lounge stock. Victory Capital Management Inc. acquired a new stake in Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU) in the 4th quarter, according to the company in its most recent filing with the SEC. The firm acquired 32,856 shares of the company’s stock, valued at approximately $61,000. Victory Capital Management Inc. owned about 0.08% of Lulu’s Fashion Lounge as of its most recent filing with the SEC. Institutional investors own 73.79% of the company’s stock.

Lulu’s Fashion Lounge Company Profile

Lulu's Fashion Lounge Holdings, Inc operates as an online retailer of women's apparel, footwear, and accessories. The company offers formals, casuals, dresses, tops, bottoms, wedding dresses, rompers and jumpsits, intimates and sleepwear, swimwear, shoes, and accessories under the Lulus brand.