Lulu’s Fashion Lounge (NASDAQ:LVLU) PT Lowered to $2.00

Lulu’s Fashion Lounge (NASDAQ:LVLU) had its price objective lowered by Telsey Advisory Group from $3.00 to $2.00 in a research note released on Friday, Marketbeat Ratings reports. The brokerage currently has a market perform rating on the stock.

Lulu’s Fashion Lounge Price Performance

LVLU opened at $1.39 on Friday. Lulu’s Fashion Lounge has a one year low of $1.05 and a one year high of $2.84. The stock has a market capitalization of $57.44 million, a P/E ratio of -2.78 and a beta of 0.25. The company’s 50 day simple moving average is $1.76 and its 200-day simple moving average is $1.73.

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 business had revenue of $77.26 million during the quarter, compared to the consensus estimate of $85.60 million. As a group, analysts anticipate that Lulu’s Fashion Lounge will post -0.14 EPS for the current year.

Hedge Funds Weigh In On Lulu’s Fashion Lounge

A hedge fund recently bought a new stake 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 institutional investor acquired 51,059 shares of the company’s stock, valued at approximately $71,000. Sweeney & Michel LLC owned about 0.12% of Lulu’s Fashion Lounge at the end of the most recent reporting period. 73.79% of the stock is currently owned by hedge funds and other institutional investors.

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.