Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU – Get Rating ) was the recipient of a large drop in short interest in November. On November 30th, there was short interest in 879,500 shares, a decrease of 31.3% from the November 15th total of 1,280,000 shares. Approximately 6.1% of the company’s shares are sold short. Based on an average daily volume of 182,200 shares, the ratio of short interest is currently 4.8 days.
Institutional inflows and outflows
Several large investors have recently bought and sold shares of the stock. Principal Financial Group Inc. boosted its holdings in Lulu’s Fashion Lounge by 25.8% in the second quarter. Principal Financial Group Inc. now owns 1,979,419 shares of the company’s stock worth $21,476,000 after buying an additional 405,422 shares during the period. BlackRock Inc. grew its holdings in Lulu’s Fashion Lounge by 143.8% in the third quarter. BlackRock Inc. now owns 652,304 shares of the company’s stock valued at $3,040,000 after purchasing an additional 384,735 shares during the period. Vanguard Group Inc. boosted its holdings in Lulu’s Fashion Lounge by 23.8% in the third quarter. Vanguard Group Inc. now owns 630,392 shares of the company’s stock worth $2,938,000 after purchasing an additional 120,985 shares during the period. J. Goldman & Co LP boosted its holdings in Lulu’s Fashion Lounge by 7.8% in the first quarter. J. Goldman & Co LP now owns 227,493 shares of the company’s stock valued at $1,542,000 after purchasing an additional 16,459 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in Lulu’s Fashion Lounge by 105.4% in the second quarter. Renaissance Technologies LLC now owns 132,700 shares of the company’s stock valued at $1,440,000 after buying an additional 68,100 shares during the period. 52.14% of the shares are owned by institutional investors.
Lulu’s Fashion Lounge is down 6.1%
Shares of NASDAQ:LVLU opened at $2.91 on Thursday. Lulu’s Fashion Lounge has a 52 week low of $2.87 and a 52 week high of $21.29. The company has a market capitalization of $113.29 million and a P/E ratio of -0.65. The company has a 50-day simple moving average of $4.90 and a 200-day simple moving average of $7.66. 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 (NASDAQ:LVLU – Get Rating ) last issued its earnings results on Tuesday, November 15th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.07). Lulu’s Fashion Lounge had a net margin of 0.04% and a return on equity of 233.98%. The firm had revenue of $105.28 million during the quarter, compared to analyst estimates of $115.65 million. sell-side analysts predict that Lulu’s Fashion Lounge will post 0.17 earnings per share for the current year.
Changes in analysts’ estimates
LVLU has been the subject of a number of research reports. Goldman Sachs Group reduced their price target on Lulu Fashion Lounge from $8.75 to $5.00 and set a “buy” rating for the company in a report on Monday. Cowen downgraded Lulu’s Fashion Lounge from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $8.00 to $5.50 in a report on Tuesday, November 22nd. Telsey Advisory Group reduced their price objective on shares of 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. KeyCorp reduced their price objective on shares of Lulu’s Fashion Lounge from $10.00 to $7.00 and set an “overweight” rating for the company in a research note on Wednesday, November 16th. Finally, Cowen lowered shares of Lulu’s Fashion Lounge from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $8.00 to $5.50 in a research note on Tuesday. November 22. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Moderate Buy” and an average target price of $9.25, according to MarketBeat.com.
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.
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