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

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

Separately, Telsey Advisory Group dropped their price target on shares of Lulu’s Fashion Lounge from $3.00 to $2.00 and set a market perform rating on the stock in a research report on Friday.

Lulu’s Fashion Lounge Price Performance

Shares of Lulu’s Fashion Lounge stock traded up $0.25 during trading on Monday, hitting $1.64. The company’s stock had a trading volume of 13,165 shares, compared to its average volume of 23,850. The stock has a market cap of $67.78 million, a price-to-earnings ratio of -3.28 and a beta of 0.25. Lulu’s Fashion Lounge has a 52 week low of $1.05 and a 52 week high of $2.84. The stock has a 50-day moving average price of $1.76 and a two-hundred day moving average price of $1.73.

Lulu’s Fashion Lounge (NASDAQ:LVLU) last announced its earnings results on Wednesday, May 8th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.08). The company had revenue of $77.26 million for the quarter, compared to analyst estimates 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 analysts predict that Lulu’s Fashion Lounge will post -0.14 EPS 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. acquired a new position in shares of Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm 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. 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.