Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU – Get Rating) – KeyCorp equity research analysts cut their third-quarter 2022 EPS estimates for Lulu’s Fashion Lounge shares in a research note released Thursday July 28. KeyCorp analyst N. Zatzkin now expects the company to earn $0.08 per share for the quarter, down from his previous estimate of $0.16. KeyCorp currently has an “overweight” rating and a target price of $10.00 on the stock. The consensus estimate for Lulu’s Fashion Lounge’s current annual earnings is $0.56 per share.
Other analysts have also published research reports on the stock. Piper Sandler downgraded shares of Lulu’s Fashion Lounge from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $17.00 to $14.00 in a Friday, July 22 report . Bank of America downgraded shares of Lulu’s Fashion Lounge from a “buy” rating to a “neutral” rating and raised its target price for the stock from $14.00 to $21.00 in a research note from the Friday, June 10. Cowen lowered his price target on shares of Lulu’s Fashion Lounge from $22.00 to $12.00 in a report on Friday. Goldman Sachs Group cut its price target on Lulu’s Fashion Lounge shares from $33.00 to $15.00 and set a “buy” rating for the company in a Monday, April 4, report. Finally, Cowen lowered his price target on shares of Lulu’s Fashion Lounge from $22.00 to $12.00 in a research note on Friday. Two research analysts gave the stock a hold rating and six gave the stock a buy rating. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $14.33.
Lulu’s Fashion Lounge down 5.1%
Shares of LVLU 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 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 its 200-day moving average is $10.25.
Lulu’s Fashion Lounge (NASDAQ:LVLU – Get Rating) last reported results on Tuesday, May 17. The company reported earnings per share (EPS) of $0.05 for the quarter, meeting analyst consensus estimates of $0.05. The company posted revenue of $111.90 million in the quarter, versus a consensus estimate of $97.50 million.
Institutional entries and exits
A number of hedge funds have recently changed their holdings of LVLU. The New York State Common Retirement Fund bought a new stock position in Lulu’s Fashion Lounge in the fourth quarter for about $25,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Lulu’s Fashion Lounge during the first quarter for a value of $39,000. Bank of America Corp DE increased its stake in Lulu’s Fashion Lounge shares by 27.5% in the first quarter. Bank of America Corp DE now owns 6,304 shares of the company worth $42,000 after buying 1,358 additional shares in the last quarter. Envestnet Asset Management Inc. increased its position in Lulu’s Fashion Lounge by 45.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 19,609 shares of the company worth $133,000 after acquiring an additional 6,091 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new stock position in Lulu’s Fashion Lounge in the first quarter, valued at around $139,000. Institutional investors hold 51.34% of the company’s shares.
About Lulu’s Fashion Salon
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Lulu’s Fashion Lounge Holdings, Inc. operates as an online retailer of women’s clothing, footwear and accessories. The company offers dresses, tops, bottoms, bridal wear, underwear, swimwear, shoes 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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