Telsey Advisory Group Reiterates “Market Perform” Rating for Lulu’s Fashion Lounge (NASDAQ:LVLU)

Lulu’s Fashion Lounge (NASDAQ:LVLU)‘s stock had its “market perform” rating reaffirmed by equities researchers at Telsey Advisory Group in a note issued to investors on Thursday,Benzinga reports. They presently have a $2.00 price target on the stock. Telsey Advisory Group’s price objective points to a potential upside of 39.86% from the company’s previous close.

Separately, The Goldman Sachs Group decreased their price objective on Lulu’s Fashion Lounge from $1.25 to $1.00 and set a “neutral” rating for the company in a report on Monday, August 5th.

Lulu’s Fashion Lounge Price Performance

NASDAQ LVLU opened at $1.43 on Thursday. The stock has a market capitalization of $59.73 million, a PE ratio of -1.91 and a beta of 0.27. The business has a 50 day simple moving average of $1.52 and a two-hundred day simple moving average of $1.58. Lulu’s Fashion Lounge has a 1-year low of $1.02 and a 1-year high of $2.84.

Lulu’s Fashion Lounge (NASDAQ:LVLU) last issued its quarterly earnings results on Wednesday, August 14th. The company reported ($0.26) earnings per share (EPS) for the quarter. The business had revenue of $91.97 million for the quarter, compared to the consensus estimate of $91.30 million. Lulu’s Fashion Lounge had a negative return on equity of 54.91% and a negative net margin of 9.44%. On average, analysts anticipate that Lulu’s Fashion Lounge will post -0.61 EPS for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Lulu’s Fashion Lounge stock. Sweeney & Michel LLC bought a new stake in shares of Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU) during the 1st quarter, according to its most recent filing with the SEC. The fund bought 51,059 shares of the company’s stock, valued at approximately $71,000. Sweeney & Michel LLC owned approximately 0.12% of Lulu’s Fashion Lounge as of its most recent filing with the SEC. 73.79% of the stock is currently owned by institutional investors and hedge funds.

Lulu’s Fashion Lounge Company Profile

Lulu's Fashion Lounge Holdings, Inc operates as an online retailer of women's apparel, footwear, and accessories. The company offers formals, casuals, dresses, tops, bottoms, wedding dresses, rompers and jumpsits, intimates and sleepwear, swimwear, shoes, and accessories under the Lulus brand.