Lulu’s Fashion Lounge (NASDAQ:LVLU) Price Target Lowered to $5.50 at Robert W. Baird

Lulu’s Fashion Lounge (NASDAQ:LVLU – Get Rating) had its price objective reduced by research analysts at Robert W. Baird from $7.00 to $5.50 in a research report issued to clients and investors on Wednesday, The Fly reports. Robert W. Baird’s price objective points to a potential upside of 105.22% from the company’s previous close.

Several other brokerages have also recently commented on LVLU. The Goldman Sachs Group decreased their price objective on shares of Lulu’s Fashion Lounge from $8.75 to $5.00 and set a “buy” rating for the company in a research note on Monday, December 12th. Jefferies Financial Group lowered Lulu’s Fashion Lounge from a “buy” rating to a “hold” rating and reduced their price objective for the company from $15.00 to $3.00 in a research note on Wednesday, February 15th. KeyCorp lowered their target price on Lulu’s Fashion Lounge from $10.00 to $7.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 16th. Telsey Advisory Group restated an “outperform” rating and issued a $9.00 price objective on shares of Lulu’s Fashion Lounge in a research report on Tuesday, March 7th. Finally, Cowen lowered shares of Lulu’s Fashion Lounge from an “outperform” rating to a “market perform” rating and cut their target price for the company from $8.00 to $5.50 in a report on Tuesday, November 22nd. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $6.38.

Lulu’s Fashion Lounge Stock Up 8.1 %

Shares of LVLU stock opened at $2.68 on Wednesday. Lulu’s Fashion Lounge has a fifty-two week low of $1.93 and a fifty-two week high of $21.29. The firm has a market capitalization of $104.34 million, a PE ratio of 33.50 and a beta of -0.02. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.42 and a current ratio of 1.13. The stock’s 50-day simple moving average is $2.95 and its 200-day simple moving average is $4.10.

Hedge Funds Weigh In On Lulu’s Fashion Lounge

A number of hedge funds have recently made changes to their positions in LVLU. Envestnet Asset Management Inc. boosted its stake in Lulu’s Fashion Lounge by 45.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 19,609 shares of the company’s stock worth $133,000 after purchasing an additional 6,091 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in Lulu’s Fashion Lounge in the 1st quarter valued at about $139,000. Panagora Asset Management Inc. purchased a new position in Lulu’s Fashion Lounge in the 1st quarter worth approximately $215,000. BlackRock Inc. boosted its holdings in shares of Lulu’s Fashion Lounge by 37.5% during the 1st quarter. BlackRock Inc. now owns 170,782 shares of the company’s stock worth $1,158,000 after purchasing an additional 46,565 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in shares of Lulu’s Fashion Lounge by 24.6% in the first quarter. Vanguard Group Inc. now owns 111,192 shares of the company’s stock valued at $754,000 after purchasing an additional 21,978 shares in the last quarter. Institutional investors and hedge funds own 54.08% of the company’s stock.

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.