Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU) Expected to Earn Q3 2024 Earnings of ($0.14) Per Share

Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU) – Investment analysts at Telsey Advisory Group lowered their Q3 2024 earnings per share estimates for shares of Lulu’s Fashion Lounge in a research report issued on Thursday, August 15th. Telsey Advisory Group analyst D. Telsey now expects that the company will post earnings per share of ($0.14) for the quarter, down from their previous estimate of ($0.03). Telsey Advisory Group currently has a “Market Perform” rating and a $2.00 price target on the stock. The consensus estimate for Lulu’s Fashion Lounge’s current full-year earnings is ($0.14) per share. Telsey Advisory Group also issued estimates for Lulu’s Fashion Lounge’s Q4 2024 earnings at ($0.18) EPS, FY2024 earnings at ($0.73) EPS and FY2025 earnings at ($0.36) EPS.

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

Lulu’s Fashion Lounge Trading Down 0.8 %

Shares of NASDAQ LVLU opened at $1.20 on Monday. The company has a market cap of $49.59 million, a price-to-earnings ratio of -2.40 and a beta of 0.25. Lulu’s Fashion Lounge has a 12-month low of $1.05 and a 12-month high of $2.84. The stock’s 50 day simple moving average is $1.66 and its 200 day simple moving average is $1.68.

Institutional Trading of Lulu’s Fashion Lounge

An institutional investor recently bought a new position in Lulu’s Fashion Lounge stock. Victory Capital Management Inc. bought a new stake in Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 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 at the end of the most recent reporting period. 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.