Lulu’s Fashion Lounge’s (LVLU) “Market Perform” Rating Reiterated at Telsey Advisory Group

Lulu’s Fashion Lounge (NASDAQ:LVLU)‘s stock had its “market perform” rating reiterated by analysts at Telsey Advisory Group in a report issued on Thursday,Benzinga reports. They presently have a $2.00 price objective on the stock. Telsey Advisory Group’s price objective indicates a potential upside of 41.84% from the company’s current price.

Separately, The Goldman Sachs Group cut their price objective on Lulu’s Fashion Lounge from $1.25 to $1.00 and set a “neutral” rating on the stock in a research note on Monday, August 5th.

Lulu’s Fashion Lounge Price Performance

Shares of LVLU stock traded down $0.20 during trading on Thursday, reaching $1.41. The company had a trading volume of 86,059 shares, compared to its average volume of 24,302. The firm’s 50 day simple moving average is $1.51 and its two-hundred day simple moving average is $1.58. Lulu’s Fashion Lounge has a one year low of $1.02 and a one year high of $2.84. The company has a market capitalization of $58.90 million, a PE ratio of -2.04 and a beta of 0.27.

Lulu’s Fashion Lounge (NASDAQ:LVLU) last issued its quarterly earnings data on Wednesday, August 14th. The company reported ($0.26) earnings per share for the quarter. Lulu’s Fashion Lounge had a negative net margin of 8.45% and a negative return on equity of 47.64%. The company had revenue of $91.97 million during the quarter, compared to the consensus estimate of $91.30 million. Analysts forecast that Lulu’s Fashion Lounge will post -0.61 earnings per share for the current year.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Lulu’s Fashion Lounge stock. Sweeney & Michel LLC purchased a new position in Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU) during the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 51,059 shares of the company’s stock, valued at approximately $71,000. Sweeney & Michel LLC owned 0.12% 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.

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.