Lulu’s Fashion Lounge (NASDAQ:LVLU) Shares Up 6.4%

Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLUGet Free Report)’s stock price traded up 6.4% during trading on Monday . The stock traded as high as $1.52 and last traded at $1.49. 29,696 shares changed hands during trading, an increase of 47% from the average session volume of 20,214 shares. The stock had previously closed at $1.40.

Analysts Set New Price Targets

Separately, Telsey Advisory Group restated a “market perform” rating and set a $3.00 price target on shares of Lulu’s Fashion Lounge in a report on Thursday, March 7th.

Check Out Our Latest Research Report on Lulu’s Fashion Lounge

Lulu’s Fashion Lounge Stock Performance

The stock’s 50 day simple moving average is $1.86 and its 200 day simple moving average is $2.03. The firm has a market cap of $60.91 million, a PE ratio of -3.04 and a beta of 0.11.

Lulu’s Fashion Lounge (NASDAQ:LVLUGet Free Report) last issued its quarterly earnings results on Wednesday, March 6th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.08). Lulu’s Fashion Lounge had a negative return on equity of 30.43% and a negative net margin of 5.44%. The firm had revenue of $74.96 million for the quarter, compared to the consensus estimate of $73.95 million. As a group, analysts anticipate that Lulu’s Fashion Lounge Holdings, Inc. will post -0.12 earnings per share 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. BlackRock Inc. lifted its position in Lulu’s Fashion Lounge by 143.8% during the 3rd quarter. BlackRock Inc. now owns 652,304 shares of the company’s stock valued at $3,040,000 after acquiring an additional 384,735 shares during the period. Vanguard Group Inc. boosted its position in shares of Lulu’s Fashion Lounge by 23.8% in the third quarter. Vanguard Group Inc. now owns 630,392 shares of the company’s stock worth $2,938,000 after purchasing an additional 120,985 shares during the period. Jacobs Levy Equity Management Inc. purchased a new position in Lulu’s Fashion Lounge in the 3rd quarter worth approximately $378,000. Renaissance Technologies LLC grew its position in shares of Lulu’s Fashion Lounge by 105.4% during the second quarter. Renaissance Technologies LLC now owns 132,700 shares of the company’s stock valued at $1,440,000 after purchasing an additional 68,100 shares in the last quarter. Finally, Truist Financial Corp raised its stake in Lulu’s Fashion Lounge by 99.2% during the fourth quarter. Truist Financial Corp now owns 100,134 shares of the company’s stock valued at $251,000 after purchasing an additional 49,864 shares in the last quarter. Hedge funds and other institutional investors own 73.79% of the company’s stock.

About Lulu’s Fashion Lounge

(Get Free Report)

Lulu's Fashion Lounge Holdings, Inc operates as an online retailer of women's clothing, shoes, and accessories. The company offers dresses, tops, bottoms, wedding dresses, intimates and sleepwear, 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, email, and SMS; and earned and paid media, as well as social media platforms.

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