Lulu’s Fashion Lounge’s (LVLU) “Market Perform” Rating Reiterated at Telsey Advisory Group

Lulu’s Fashion Lounge (NASDAQ:LVLU)‘s stock had its “market perform” rating restated by analysts at Telsey Advisory Group in a research report issued to clients and investors on Thursday,Benzinga reports. They presently have a $2.00 target price on the stock. Telsey Advisory Group’s price objective would indicate a potential upside of 41.84% from the company’s current price.

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

Lulu’s Fashion Lounge Trading Down 12.4 %

NASDAQ:LVLU traded down $0.20 during mid-day trading on Thursday, reaching $1.41. 86,059 shares of the stock were exchanged, compared to its average volume of 24,302. The business has a fifty day moving average price of $1.51 and a 200 day moving average price of $1.58. The firm has a market capitalization of $58.90 million, a PE ratio of -2.04 and a beta of 0.27. 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 released its earnings results on Wednesday, August 14th. The company reported ($0.26) earnings per share (EPS) for the quarter. The firm had revenue of $91.97 million for the quarter, compared to analyst estimates of $91.30 million. Lulu’s Fashion Lounge had a negative return on equity of 47.64% and a negative net margin of 8.45%. On average, sell-side analysts forecast that Lulu’s Fashion Lounge will post -0.61 earnings per share for the current year.

Institutional Investors Weigh In On Lulu’s Fashion Lounge

An institutional investor recently bought a new position in Lulu’s Fashion Lounge stock. Sweeney & Michel LLC acquired a new position in shares of Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 51,059 shares of the company’s stock, valued at approximately $71,000. Sweeney & Michel LLC owned 0.12% of Lulu’s Fashion Lounge at the end of the most recent quarter. 73.79% of the stock is owned by hedge funds and other institutional investors.

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.