Lulu’s Fashion Lounge (NASDAQ:LVLU) Earns Market Perform Rating from Telsey Advisory Group

Lulu’s Fashion Lounge (NASDAQ:LVLU)‘s stock had its “market perform” rating reissued by equities researchers at Telsey Advisory Group in a note issued to investors on Thursday,Benzinga reports. They currently have a $2.00 price target on the stock. Telsey Advisory Group’s price objective would indicate a potential upside of 39.86% from the company’s previous close.

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

Lulu’s Fashion Lounge Stock Up 1.1 %

Shares of LVLU stock opened at $1.43 on Thursday. The firm has a fifty day moving average of $1.52 and a 200-day moving average of $1.58. Lulu’s Fashion Lounge has a 12-month low of $1.02 and a 12-month high of $2.84. The company has a market capitalization of $59.73 million, a price-to-earnings ratio of -1.91 and a beta of 0.27.

Lulu’s Fashion Lounge (NASDAQ:LVLU) last announced its earnings results on Wednesday, August 14th. The company reported ($0.26) EPS for the quarter. The business had revenue of $91.97 million for the quarter, compared to analyst estimates of $91.30 million. Lulu’s Fashion Lounge had a negative return on equity of 54.91% and a negative net margin of 9.44%. On average, equities analysts expect that Lulu’s Fashion Lounge will post -0.61 EPS for the current year.

Institutional Trading of Lulu’s Fashion Lounge

An institutional investor recently bought a new position in Lulu’s Fashion Lounge stock. Sweeney & Michel LLC bought a new stake in Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 51,059 shares of the company’s stock, valued at approximately $71,000. Sweeney & Michel LLC owned approximately 0.12% of Lulu’s Fashion Lounge at the end of the most recent reporting period. Institutional investors and hedge funds 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.