Lulu’s Fashion Lounge (NASDAQ:LVLU) Shares Down 3.1% – Here’s What Happened

Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU)’s stock price dropped 3.1% on Monday . The company traded as low as $5.06 and last traded at $5.07. Approximately 21,687 shares traded hands during mid-day trading, a decline of 91% from the average daily volume of 242,411 shares. The stock had previously closed at $5.23.

Wall Street Analyst Weigh In

LVLU has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Lulu’s Fashion Lounge in a research report on Tuesday, October 14th. Wall Street Zen upgraded Lulu’s Fashion Lounge to a “sell” rating in a research note on Saturday, September 13th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $15.00.

Lulu’s Fashion Lounge Price Performance

The firm has a market cap of $14.04 million, a P/E ratio of -0.31 and a beta of 0.37. The firm’s 50-day moving average price is $5.02 and its 200 day moving average price is $4.96.

Lulu’s Fashion Lounge (NASDAQ:LVLU) last announced its quarterly earnings data on Wednesday, November 12th. The company reported ($0.84) earnings per share for the quarter, beating the consensus estimate of ($0.90) by $0.06. Lulu’s Fashion Lounge had a negative return on equity of 251.91% and a negative net margin of 15.83%.The firm had revenue of $73.59 million during the quarter, compared to analyst estimates of $75.68 million. Analysts forecast that Lulu’s Fashion Lounge Holdings, Inc. will post -0.74 earnings per share for the current year.

Hedge Funds Weigh In On Lulu’s Fashion Lounge

A hedge fund recently bought a new stake in Lulu’s Fashion Lounge stock. Chico Wealth RIA acquired a new position in Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 101,432 shares of the company’s stock, valued at approximately $477,000. Lulu’s Fashion Lounge accounts for approximately 0.3% of Chico Wealth RIA’s investment portfolio, making the stock its 22nd biggest position. Chico Wealth RIA owned approximately 3.69% of Lulu’s Fashion Lounge at the end of the most recent quarter. Institutional investors own 73.79% of the company’s stock.

Lulu’s Fashion Lounge Company Profile

Lulu’s Fashion Lounge Holdings, Inc engages in providing an online website for clothing. It offers retailing of women’s clothing, shoes, and accessories. The company was founded in 1996 and is headquartered in Chico, CA.