Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU – Get Rating) – Analysts at KeyCorp cut their FY2022 EPS estimates for shares of Lulu’s Fashion Lounge in a research report issued on Tuesday, November 15th. KeyCorp analyst N. Zatzkin now expects that the company will post earnings of $0.09 per share for the year, down from their prior forecast of $0.29. KeyCorp currently has a “Overweight” rating and a $7.00 target price on the stock. The consensus estimate for Lulu’s Fashion Lounge’s current full-year earnings is $0.35 per share. KeyCorp also issued estimates for Lulu’s Fashion Lounge’s Q4 2022 earnings at ($0.14) EPS and FY2023 earnings at $0.19 EPS.
Lulu’s Fashion Lounge (NASDAQ:LVLU – Get Rating) last issued its earnings results on Tuesday, August 16th. The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.02). The company had revenue of $131.51 million for the quarter, compared to analysts’ expectations of $131.58 million. Lulu’s Fashion Lounge had a return on equity of 233.98% and a net margin of 0.04%.
Lulu’s Fashion Lounge Price Performance
Shares of NASDAQ LVLU opened at $4.87 on Friday. The firm has a market capitalization of $189.59 million and a P/E ratio of -1.09. Lulu’s Fashion Lounge has a one year low of $4.50 and a one year high of $21.29. The company’s fifty day moving average is $5.50 and its two-hundred day moving average is $8.68. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.37 and a current ratio of 1.13.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the stock. Quantbot Technologies LP purchased a new stake in shares of Lulu’s Fashion Lounge during the 2nd quarter worth about $39,000. Bank of America Corp DE boosted its holdings in Lulu’s Fashion Lounge by 27.5% in the 1st quarter. Bank of America Corp DE now owns 6,304 shares of the company’s stock worth $42,000 after acquiring an additional 1,358 shares during the period. Lazard Asset Management LLC purchased a new position in Lulu’s Fashion Lounge in the 2nd quarter worth approximately $45,000. Tower Research Capital LLC TRC boosted its holdings in Lulu’s Fashion Lounge by 906.8% in the 3rd quarter. Tower Research Capital LLC TRC now owns 13,652 shares of the company’s stock worth $63,000 after acquiring an additional 12,296 shares during the period. Finally, Jane Street Group LLC purchased a new position in Lulu’s Fashion Lounge in the 3rd quarter worth approximately $70,000. Institutional investors and hedge funds own 52.14% of the company’s stock.
About Lulu’s Fashion Lounge
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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