Telsey Advisory Group reaffirmed their market perform rating on shares of Lulu’s Fashion Lounge (NASDAQ:LVLU – Free Report) in a research note published on Thursday, Benzinga reports. The firm currently has a $3.00 price objective on the stock. Telsey Advisory Group also issued estimates for Lulu’s Fashion Lounge’s Q2 2024 earnings at $0.06 EPS.
Lulu’s Fashion Lounge Price Performance
Shares of Lulu’s Fashion Lounge stock opened at $1.75 on Thursday. Lulu’s Fashion Lounge has a fifty-two week low of $1.05 and a fifty-two week high of $3.26. The firm has a market capitalization of $72.32 million, a P/E ratio of -3.50 and a beta of 0.09. The company’s 50 day moving average price is $1.49 and its two-hundred day moving average price is $1.88.
Lulu’s Fashion Lounge (NASDAQ:LVLU – Get Free Report) last issued its earnings results on Wednesday, March 6th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) 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 firm had revenue of $74.96 million during the quarter, compared to analyst estimates of $73.95 million. On average, analysts expect that Lulu’s Fashion Lounge will post -0.14 earnings per share 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. Victory Capital Management Inc. acquired a new stake in Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU – Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 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. Hedge funds and other institutional investors own 73.79% of the company’s stock.
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.
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