Cowen Lowers Lulu’s Fashion Lounge (NASDAQ:LVLU) to Market Perform

Cowen cut shares of Lulu’s Fashion Lounge (NASDAQ:LVLUGet Rating) from an outperform rating to a market perform rating in a research note published on Tuesday, The Fly reports. They currently have $5.50 price objective on the stock, down from their previous price objective of $8.00.

Several other research analysts also recently commented on LVLU. Cowen dropped their target price on shares of Lulu’s Fashion Lounge from $22.00 to $12.00 in a report on Friday, July 29th. Telsey Advisory Group dropped their target price on shares of Lulu’s Fashion Lounge from $12.00 to $9.00 and set an outperform rating on the stock in a report on Wednesday, November 16th. Robert W. Baird dropped their price objective on shares of Lulu’s Fashion Lounge from $17.00 to $10.00 and set an outperform rating on the stock in a report on Friday, July 29th. KeyCorp dropped their price objective on shares of Lulu’s Fashion Lounge from $10.00 to $7.00 and set an overweight rating on the stock in a report on Wednesday, November 16th. Finally, Piper Sandler decreased their target price on shares of Lulu’s Fashion Lounge from $14.00 to $11.00 and set a neutral rating on the stock in a research report on Wednesday, August 17th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average price target of $11.19.

Lulu’s Fashion Lounge Stock Down 5.8 %

LVLU stock opened at $4.09 on Tuesday. The firm has a market cap of $159.22 million and a PE ratio of -0.91. Lulu’s Fashion Lounge has a 1 year low of $4.02 and a 1 year high of $21.29. 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 company has a fifty day simple moving average of $5.35 and a 200 day simple moving average of $8.51.

Hedge Funds Weigh In On Lulu’s Fashion Lounge

A number of large investors have recently modified their holdings of LVLU. Strs Ohio raised its stake in shares of Lulu’s Fashion Lounge by 5.9% during the second quarter. Strs Ohio now owns 23,200 shares of the company’s stock worth $251,000 after buying an additional 1,300 shares during the last quarter. 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 worth $42,000 after buying an additional 1,358 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Lulu’s Fashion Lounge by 12.0% during the third quarter. Envestnet Asset Management Inc. now owns 20,666 shares of the company’s stock worth $96,000 after buying an additional 2,217 shares during the last quarter. Northern Trust Corp raised its stake in shares of Lulu’s Fashion Lounge by 5.5% during the second quarter. Northern Trust Corp now owns 48,642 shares of the company’s stock worth $528,000 after buying an additional 2,532 shares during the last quarter. Finally, Quantbot Technologies LP bought a new stake in shares of Lulu’s Fashion Lounge during the second quarter worth approximately $39,000. 52.14% of the stock is currently owned by institutional investors and hedge funds.

Lulu’s Fashion Lounge Company Profile

(Get Rating)

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.

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