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Telsey Advisory Group Lowers Lulu’s Fashion Lounge (NASDAQ:LVLU) Price Target to $2.00

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Telsey Advisory Group Lowers Lulu’s Fashion Lounge (NASDAQ:LVLU) Price Target to .00


Lulu’s Fashion Lounge (NASDAQ:LVLUGet Free Report) had its price objective lowered by stock analysts at Telsey Advisory Group from $3.00 to $2.00 in a research report issued to clients and investors on Friday, MarketBeat reports. The firm currently has a “market perform” rating on the stock. Telsey Advisory Group’s price target points to a potential upside of 37.93% from the stock’s previous close.

Lulu’s Fashion Lounge Stock Down 8.8 %

Lulu’s Fashion Lounge stock opened at $1.45 on Friday. Lulu’s Fashion Lounge has a 52-week low of $1.05 and a 52-week high of $2.84. The firm’s fifty day moving average is $1.76 and its 200 day moving average is $1.73. The company has a market cap of $59.93 million, a price-to-earnings ratio of -2.90 and a beta of 0.25.

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Lulu’s Fashion Lounge stock. Victory Capital Management Inc. purchased a new position in shares of Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLUFree Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 32,856 shares of the company’s stock, valued at approximately $61,000. Victory Capital Management Inc. owned about 0.08% of Lulu’s Fashion Lounge as of its most recent filing with the Securities & Exchange Commission. 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 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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