Short Interest in Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ … – MarketBeat
Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU – Get Rating) was the target of a significant decrease in short interest during the month of December. As of December 30th, there was short interest totalling 830,700 shares, a decrease of 18.6% from the December 15th total of 1,020,000 shares. Based on an average daily volume of 155,800 shares, the days-to-cover ratio is currently 5.3 days. Currently, 5.7% of the shares of the stock are short sold.
Wall Street Analysts Forecast Growth
Several research firms have recently commented on LVLU. Cowen lowered shares of Lulu’s Fashion Lounge from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $8.00 to $5.50 in a research report on Tuesday, November 22nd. Telsey Advisory Group decreased their target price on shares of Lulu’s Fashion Lounge from $12.00 to $9.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 16th. KeyCorp decreased their target price on shares of Lulu’s Fashion Lounge from $10.00 to $7.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 16th. The Goldman Sachs Group decreased their target price on shares of Lulu’s Fashion Lounge from $8.75 to $5.00 and set a “buy” rating on the stock in a research report on Monday, December 12th. Finally, Cowen lowered shares of Lulu’s Fashion Lounge from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $8.00 to $5.50 in a research report on Tuesday, November 22nd. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $9.25.
Lulu’s Fashion Lounge Stock Down 0.7 %
Shares of LVLU opened at $3.00 on Friday. The firm has a market cap of $116.79 million, a PE ratio of -0.67 and a beta of -0.46. The company’s fifty day moving average is $3.29 and its two-hundred day moving average is $5.54. Lulu’s Fashion Lounge has a fifty-two week low of $2.16 and a fifty-two week high of $21.29. The company has a quick ratio of 0.42, a current ratio of 1.13 and a debt-to-equity ratio of 0.22.
Lulu’s Fashion Lounge (NASDAQ:LVLU – Get Rating) last announced its quarterly earnings results on Tuesday, November 15th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.07). The company had revenue of $105.28 million during the quarter, compared to analyst estimates of $115.65 million. Lulu’s Fashion Lounge had a net margin of 0.04% and a return on equity of 233.98%. Analysts forecast that Lulu’s Fashion Lounge will post 0.17 earnings per share for the current year.
Hedge Funds Weigh In On Lulu’s Fashion Lounge
A number of hedge funds have recently made changes to their positions in LVLU. Principal Financial Group Inc. raised its stake in shares of Lulu’s Fashion Lounge by 25.8% in the 2nd quarter. Principal Financial Group Inc. now owns 1,979,419 shares of the company’s stock valued at $21,476,000 after acquiring an additional 405,422 shares during the period. BlackRock Inc. raised its stake in shares of Lulu’s Fashion Lounge by 143.8% in the 3rd quarter. BlackRock Inc. now owns 652,304 shares of the company’s stock valued at $3,040,000 after acquiring an additional 384,735 shares during the period. Vanguard Group Inc. raised its stake in shares of Lulu’s Fashion Lounge by 23.8% in the 3rd quarter. Vanguard Group Inc. now owns 630,392 shares of the company’s stock valued at $2,938,000 after acquiring an additional 120,985 shares during the period. Renaissance Technologies LLC raised its stake in shares of Lulu’s Fashion Lounge by 105.4% in the 2nd quarter. Renaissance Technologies LLC now owns 132,700 shares of the company’s stock valued at $1,440,000 after acquiring an additional 68,100 shares during the period. Finally, Russell Investments Group Ltd. raised its stake in shares of Lulu’s Fashion Lounge by 39.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 116,592 shares of the company’s stock valued at $542,000 after acquiring an additional 33,240 shares during the period. Institutional investors and hedge funds own 54.08% 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 clothing, shoes, and accessories. The company offers dresses, tops, bottoms, bridal wear, intimates, swimwear, footwear, and accessories under the Lulus brand. It sells its products through owned media, which primarily consists of its website, mobile app, social media platforms, email, and SMS; and earned and paid media, as well as social media platforms.
Further Reading
- Get a free copy of the StockNews.com research report on Lulu’s Fashion Lounge (LVLU)
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