Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU – Get Rating ) – Equities research analysts at KeyCorp decreased their Q3 2022 EPS estimates for shares of Lulu’s Fashion Lounge in a research note issued on Thursday, July 28th. KeyCorp analyst N. Zatzkin now expects that the company will earn $0.08 per share for the quarter, down from their prior estimate of $0.16. KeyCorp presently has an “Overweight” rating and a $10.00 target price on the stock. The consensus estimate for Lulu’s Fashion Lounge’s current earnings is $0.56 per share.
Other analysts have also issued research reports on the stock. Piper Sandler cut shares of Lulu’s Fashion Lounge from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $17.00 to $14.00 in a report on Friday, July 22nd. Bank of America cut shares of Lulu’s Fashion Lounge from a “buy” rating to a “neutral” rating and upped their target price for the stock from $14.00 to $21.00 in a research note on Friday, June 10th. Cowen reduced their price objective on shares of Lulu’s Fashion Lounge from $22.00 to $12.00 in a report on Friday. Goldman Sachs Group reduced their target price on shares of Lulu’s Fashion Lounge from $33.00 to $15.00 and set a “buy” rating for the company in a report on Monday, April 4th. Finally, Cowen decreased their price objective on shares of Lulu’s Fashion Lounge from $22.00 to $12.00 in a research note on Friday. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Moderate Buy” and a consensus target price of $14.33, according to MarketBeat.com.
Lulu’s Fashion Lounge is trading at 5.1%
Shares of LVLU stock opened at $5.60 on Monday. Lulu’s Fashion Lounge has a 52-week low of $5.10 and a 52-week high of $21.29. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.48, and a current ratio of 1.00. The stock’s fifty day moving average is $12.75 and the 200 day moving average is $10.25.
Lulu’s Fashion Lounge (NASDAQ:LVLU – Get Rating ) last released its earnings results on Tuesday, May 17th. The company reported $0.05 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.05. The firm had revenue of $111.90 million during the quarter, compared to the consensus estimate of $97.50 million.
Institutional inflows and outflows
A number of hedge funds have recently modified their holdings of LVLU. New York State Common Retirement Fund bought a new position in shares of Lulu’s Fashion Lounge in the fourth quarter worth about $25,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Lulu’s Fashion Lounge during the 1st quarter valued at $39,000. Bank of America Corp DE raised its stake in shares of Lulu’s Fashion Lounge by 27.5% during 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 during the last quarter. Envestnet Asset Management Inc. raised its position in Lulu Fashion Lounge by 45.1% during the first quarter. Envestnet Asset Management Inc. now owns 19,609 shares of the company’s stock valued at $133,000 after purchasing an additional 6,091 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in shares of Lulu’s Fashion Lounge in the 1st quarter worth about $139,000. Institutional investors own 51.34% of the company’s shares.
About Lulu’s fashion hall
(Get rating)
Lulu’s Fashion Lounge Holdings, Inc. operates as an online retailer of women’s clothing, footwear and accessories. The company offers dresses, tops, skirts, bridal wear, intimates, swimwear, shoes and accessories under the Lulus brand. It sells its products through owned media, which mainly consists of its website, mobile app, social media platforms, email and SMS; and earned and paid media as well as social media platforms.
Featured stories
This instant news alert was created from scientific narrative technology and financial data from MarketBeat to provide readers with the fastest and most accurate reporting. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Should you invest $1000 in Lulu’s Fashion Hall right now?
Before you consider Lulu’s Fashion Hall, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s highest-rated and best-rated research analysts and the stocks they recommend to their clients every day. MarketBeat has identified five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Lulu’s Fashion Lounge wasn’t on the list.
While Lulu’s Fashion Lounge currently has a “Moderate Buy” rating among analysts, top analysts believe these five stocks are better buys.
Check out the 5 stocks here
