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Lulu Fashion Lounge Holdings, Inc. Short interest totaled 830,700 shares as of December 30th, a decrease of 18.6% from December 15th’s 1,020,000 shares. Based on an average daily volume of 155,800 shares, the days-to-cover ratio is currently 5.3 days. Currently, 5.7% of the stock’s shares are sold short.
Wall Street analysts forecast growth
Several research firms have recently commented on LVLU. Cowen downgraded shares of Lulu Fashion Lounge from an “outperform” rating to a “market perform” rating and cut their price target for the company from $8.00 to $5.50 in a research report on Tuesday, November 22nd. Telsey Advisory Group reduced their target price on shares of Lulu Fashion Lounge from $12.00 to $9.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 16th. KeyCorp decreased their target price on shares of Lulu Fashion Lounge from $10.00 to $7.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 16th. Goldman Sachs Group reduced their target price on shares of Lulu Fashion Lounge from $8.75 to $5.00 and set a “buy” rating on the stock in a research report on Monday, December 12th. Finally, Cowen downgraded shares of Lulu Fashion Lounge from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $8.00 to $5.50 in a research report on Tuesday, November 22nd. Four analysts have rated the company’s stock with a buy rating. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $9.25.
Lulu Fashion Lounge’s stock fell 0.7 percent
Shares of LVLU stock opened at $3.00 on Friday. The company has a market cap of $116.79 million, a PE ratio of -0.67 and a beta of -0.46. The company has a fifty day moving average of $3.29 and a two hundred day moving average of $5.54. Lulu Fashion Lounge has a fifty-two week low of $2.16 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-equity ratio of 0.22.
Lulu’s Fashion Lounge (NASDAQ:LVLU – Find Rating ) last announced its quarterly earnings results on Tuesday, November 15th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.07). The company had revenue of $105.28 million for the quarter, compared to analysts’ estimates of $115.65 million. Lulu Fashion Lounge had a net margin of 0.04% and a return on equity of 233.98%. analysts predict that Lulu Fashion Lounge will post 0.17 earnings per share for the current year.
Hedge funds weigh in on Lulu Fashion Lounge.
A number of hedge funds have recently made changes to their positions in LVLU. Principal Financial Group Inc. boosted its stake in Lulu Fashion Lounge by 25.8% in the 2nd quarter. Principal Financial Group Inc. now owns 1,979,419 shares of the company’s stock valued at $21,476,000 after acquiring an additional 405,422 shares during the period. BlackRock Inc. boosted its holdings in shares of Lulu Fashion Lounge by 143.8% during the 3rd quarter. BlackRock Inc. now owns 652,304 shares of the company’s stock valued at $3,040,000 after acquiring an additional 384,735 shares during the period. Vanguard Group Inc. raised its stake in Lulu Fashion Lounge by 23.8% during the 3rd quarter. Vanguard Group Inc. now owns 630,392 shares of the company’s stock valued at $2,938,000 after acquiring an additional 120,985 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of Lulu Fashion Lounge by 105.4% during the 2nd 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 period. Finally, Russell Investments Group Ltd. raised its stake in Lulu Fashion Lounge by 39.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 116,592 shares of the company’s stock valued at $542,000 after acquiring an additional 33,240 shares during the period. Institutional investors and hedge funds own 54.08% of the company.
Lulu Fashion Lounge Company Profile
(get rank)
Lulu Fashion Lounge Holdings, Inc. operates as an online retailer of women’s clothing, footwear and accessories. The company offers dresses, tops, bottoms, bridal wear, intimates, swimwear, shoes and accessories under the Lulus brand. It sells its products through its proprietary media, which primarily includes its website, mobile app, social media platforms, email and SMS. and earned and paid media, as well as social media platforms.
Further reading
This quick news alert was created using Narrative Science technology and MarketBeat financial data to provide readers with fast and accurate reporting. This story was reviewed by the MarketBeat editorial team before publication. Please send any questions or comments about this story to contact@marketbeat.com.
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