Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU – Get Rating) – Telsey Advisory Group decreased their FY2023 EPS estimates for shares of Lulu’s Fashion Lounge in a research note issued to investors on Wednesday, March 15th. Telsey Advisory Group analyst D. Telsey now expects that the company will post earnings per share of $0.01 for the year, down from their previous estimate of $0.43. Telsey Advisory Group currently has a “Outperform” rating and a $5.00 price target on the stock. The consensus estimate for Lulu’s Fashion Lounge’s current full-year earnings is $0.30 per share.

Other analysts have also issued research reports about the stock. Cowen lowered shares of Lulu’s Fashion Lounge from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $8.00 to $5.50 in a research report on Tuesday, November 22nd. Bank of America cut their target price on shares of Lulu’s Fashion Lounge from $7.80 to $3.00 in a research report on Friday. Cowen lowered shares of 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 report on Tuesday, November 22nd. Robert W. Baird cut their target price on shares of Lulu’s Fashion Lounge from $7.00 to $5.50 in a research report on Wednesday. Finally, The Goldman Sachs Group cut their target price on shares of Lulu’s Fashion Lounge from $5.00 to $4.30 and set a “buy” rating on the stock in a research report on Wednesday. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Lulu’s Fashion Lounge currently has a consensus rating of “Moderate Buy” and a consensus target price of $4.58.

Lulu’s Fashion Lounge Stock Performance

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NASDAQ LVLU opened at $2.32 on Friday. The company has a current ratio of 1.13, a quick ratio of 0.42 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $90.32 million, a price-to-earnings ratio of 29.00 and a beta of -0.02. The firm’s 50 day simple moving average is $2.95 and its 200 day simple moving average is $4.07. Lulu’s Fashion Lounge has a 1 year low of $1.93 and a 1 year high of $21.29.

Hedge Funds Weigh In On Lulu’s Fashion Lounge

Hedge funds have recently bought and sold shares of the company. California State Teachers Retirement System increased its stake in Lulu’s Fashion Lounge by 162.4% in the third 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 bought a new stake in Lulu’s Fashion Lounge in the second quarter valued at $39,000. Bank of America Corp DE increased its stake in Lulu’s Fashion Lounge by 27.5% in the first 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 bought a new stake in Lulu’s Fashion Lounge in the second quarter valued at $45,000. Finally, Tower Research Capital LLC TRC increased its stake in Lulu’s Fashion Lounge by 906.8% in the third 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. Institutional investors own 54.08% of the company’s stock.

About Lulu’s Fashion Lounge

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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.

Further Reading

Earnings History and Estimates for Lulu's Fashion Lounge (NASDAQ:LVLU)

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