Lulu’s Fashion Lounge (NASDAQ:LVLU) Trading Up 4%

Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU – Get Free Report)’s stock price was up 4% on Friday . The stock traded as high as $1.85 and last traded at $1.83. Approximately 32,991 shares changed hands during mid-day trading, an increase of 29% from the average daily volume of 25,602 shares. The stock had previously closed at $1.76.

Wall Street Analyst Weigh In

Separately, Telsey Advisory Group reiterated a “market perform” rating and issued a $3.00 target price on shares of Lulu’s Fashion Lounge in a report on Thursday, May 9th.

Check Out Our Latest Analysis on LVLU

Lulu’s Fashion Lounge Trading Up 4.0 %

The firm’s fifty day moving average price is $1.63 and its 200 day moving average price is $1.80. The stock has a market capitalization of $75.63 million, a price-to-earnings ratio of -3.66 and a beta of 0.23.

Lulu’s Fashion Lounge (NASDAQ:LVLU – Get Free Report) last issued its quarterly earnings data on Wednesday, May 8th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.08). Lulu’s Fashion Lounge had a negative return on equity of 31.36% and a negative net margin of 5.70%. The company had revenue of $77.26 million during the quarter, compared to analyst estimates of $85.60 million. On average, analysts forecast that Lulu’s Fashion Lounge Holdings, Inc. will post -0.14 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Lulu’s Fashion Lounge

A hedge fund recently bought a new stake in Lulu’s Fashion Lounge stock. Victory Capital Management Inc. bought a new position in shares of Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU – Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 32,856 shares of the company’s stock, valued at approximately $61,000. Victory Capital Management Inc. owned 0.08% of Lulu’s Fashion Lounge as of its most recent SEC filing. 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 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.

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