Lulu’s Fashion Lounge (NASDAQ:LVLU) Price Target Lowered to $1.00 at The Goldman Sachs Group

Lulu’s Fashion Lounge (NASDAQ:LVLU) had its target price cut by The Goldman Sachs Group from $1.25 to $1.00 in a report released on Monday morning, Benzinga reports. They currently have a neutral rating on the stock.

Separately, Telsey Advisory Group dropped their price objective on Lulu’s Fashion Lounge from $3.00 to $2.00 and set a market perform rating for the company in a research note on Friday.

Lulu’s Fashion Lounge Stock Performance

Shares of LVLU stock traded up $0.25 on Monday, hitting $1.64. 13,165 shares of the company’s stock traded hands, compared to its average volume of 23,850. The stock has a market capitalization of $67.78 million, a price-to-earnings ratio of -3.28 and a beta of 0.25. The company’s fifty day simple moving average is $1.76 and its 200 day simple moving average is $1.73. Lulu’s Fashion Lounge has a one year low of $1.05 and a one year high of $2.84.

Lulu’s Fashion Lounge (NASDAQ:LVLU) last announced its quarterly earnings data on Wednesday, May 8th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.08). Lulu’s Fashion Lounge had a negative net margin of 5.70% and a negative return on equity of 31.36%. The company had revenue of $77.26 million for the quarter, compared to the consensus estimate of $85.60 million. As a group, sell-side analysts anticipate that Lulu’s Fashion Lounge will post -0.14 earnings per share for the current fiscal year.

Hedge Funds 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 stake in shares of Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund 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. Institutional investors own 73.79% of the company’s stock.

About Lulu’s Fashion Lounge

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.