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Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU – Get Rating) – Jefferies Financial Group decreased their FY2022 earnings per share estimates for Lulu’s Fashion Lounge in a report released on Wednesday, February 15th. Jefferies Financial Group analyst R. Konik now forecasts that the company will post earnings of $0.09 per share for the year, down from their prior forecast of $0.44. Jefferies Financial Group currently has a “Hold” rating and a $3.00 target price on the stock. The consensus estimate for Lulu’s Fashion Lounge’s current full-year earnings is $0.17 per share. Jefferies Financial Group also issued estimates for Lulu’s Fashion Lounge’s Q4 2022 earnings at ($0.13) EPS, Q1 2023 earnings at $0.03 EPS, Q4 2023 earnings at ($0.09) EPS and FY2023 earnings at $0.26 EPS.
Lulu’s Fashion Lounge (NASDAQ:LVLU – Get Rating) last issued its quarterly earnings results on Tuesday, November 15th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.07). The business had revenue of $105.28 million for the quarter, compared to analyst estimates of $115.65 million. Lulu’s Fashion Lounge had a return on equity of 233.98% and a net margin of 0.04%.
A number of other research analysts have also commented on LVLU. Cowen lowered Lulu’s Fashion Lounge from an “outperform” rating to a “market perform” rating and cut their target price for the company from $8.00 to $5.50 in a research note on Tuesday, November 22nd. KeyCorp cut their price target on shares of Lulu’s Fashion Lounge from $10.00 to $7.00 and set an “overweight” rating for the company in a report on Wednesday, November 16th. Telsey Advisory Group lowered their target price on Lulu’s Fashion Lounge from $12.00 to $9.00 and set an “outperform” rating for the company in a research note on Wednesday, November 16th. Cowen lowered Lulu’s Fashion Lounge from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $8.00 to $5.50 in a research report on Tuesday, November 22nd. Finally, BTIG Research began coverage on shares of Lulu’s Fashion Lounge in a research note on Monday, February 6th. They issued a “buy” rating and a $5.00 target price on the stock. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $8.20.
Lulu’s Fashion Lounge Stock Down 4.0 %
Shares of NASDAQ LVLU opened at $3.10 on Friday. The business has a fifty day simple moving average of $2.85 and a 200 day simple moving average of $4.63. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.42 and a current ratio of 1.13. Lulu’s Fashion Lounge has a one year low of $2.16 and a one year high of $21.29.
Institutional Trading of Lulu’s Fashion Lounge
Large investors have recently modified their holdings of the stock. Morgan Stanley boosted its stake in Lulu’s Fashion Lounge by 30.6% in the fourth quarter. Morgan Stanley now owns 31,951 shares of the company’s stock valued at $80,000 after buying an additional 7,493 shares in the last quarter. Renaissance Technologies LLC grew its holdings in Lulu’s Fashion Lounge by 17.1% during the 4th quarter. Renaissance Technologies LLC now owns 89,200 shares of the company’s stock worth $224,000 after acquiring an additional 13,000 shares during the period. Geode Capital Management LLC lifted its position in shares of Lulu’s Fashion Lounge by 5.2% during the 4th 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 during the period. Bank of America Corp DE boosted its stake in Lulu’s Fashion Lounge by 194.8% during the fourth quarter. Bank of America Corp DE now owns 17,019 shares of the company’s stock worth $43,000 after acquiring an additional 11,246 shares in the last quarter. Finally, Advisor Group Holdings Inc. grew its holdings in Lulu’s Fashion Lounge by 34.7% in the fourth quarter. Advisor Group Holdings Inc. now owns 73,772 shares of the company’s stock worth $185,000 after purchasing an additional 19,000 shares during the period. 54.08% of the stock is owned by institutional investors and hedge funds.
Lulu’s Fashion Lounge Company Profile
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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