Cowen Trims Lulu’s Fashion Lounge (NASDAQ:LVLU) Target Price to $12.00

Lulu’s Fashion Lounge (NASDAQ:LVLUGet Rating) had its target price reduced by Cowen from $22.00 to $12.00 in a research report report published on Friday morning, Stock Target Advisor reports.

LVLU has been the subject of a number of other research reports. KeyCorp lowered their target price on shares of Lulu’s Fashion Lounge from $15.00 to $10.00 and set an overweight rating for the company in a report on Friday. Telsey Advisory Group reduced their price target on shares of Lulu’s Fashion Lounge from $18.00 to $12.00 and set an outperform rating on the stock in a research report on Friday. Piper Sandler cut shares of Lulu’s Fashion Lounge from an overweight rating to a neutral rating and reduced their price target for the stock from $17.00 to $14.00 in a research report on Friday, July 22nd. The Goldman Sachs Group reduced their price target on shares of Lulu’s Fashion Lounge from $33.00 to $15.00 and set a buy rating on the stock in a research report on Monday, April 4th. Finally, Bank of America cut shares of Lulu’s Fashion Lounge from a buy rating to a neutral rating and lifted their price target for the stock from $14.00 to $21.00 in a research report on Friday, June 10th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average price target of $14.33.

Lulu’s Fashion Lounge Stock Performance

LVLU opened at $5.46 on Friday. The company has a fifty day moving average price of $12.62 and a two-hundred day moving average price of $10.23. The company has a quick ratio of 0.48, a current ratio of 1.00 and a debt-to-equity ratio of 0.28. Lulu’s Fashion Lounge has a 52 week low of $5.10 and a 52 week high of $21.29.

Lulu’s Fashion Lounge (NASDAQ:LVLUGet Rating) last released its earnings results on Tuesday, May 17th. The company reported $0.05 EPS for the quarter, hitting analysts’ consensus estimates of $0.05. The business had revenue of $111.90 million for the quarter, compared to analyst estimates of $97.50 million. On average, sell-side analysts forecast that Lulu’s Fashion Lounge will post 0.49 EPS for the current year.

Institutional Investors Weigh In On Lulu’s Fashion Lounge

Several institutional investors have recently added to or reduced their stakes in LVLU. Canada Pension Plan Investment Board bought a new stake in Lulu’s Fashion Lounge during the 4th quarter worth about $76,725,000. Principal Financial Group Inc. bought a new stake in Lulu’s Fashion Lounge during the 4th quarter worth about $14,918,000. Teacher Retirement System of Texas bought a new stake in Lulu’s Fashion Lounge during the 4th quarter worth about $3,197,000. Leonard Green & Partners L.P. bought a new stake in Lulu’s Fashion Lounge during the 4th quarter worth about $3,069,000. Finally, Pentwater Capital Management LP bought a new stake in Lulu’s Fashion Lounge during the 4th quarter worth about $1,948,000. 51.34% of the stock is owned by institutional investors.

About Lulu’s Fashion Lounge

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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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