Lulu’s Fashion Lounge (NASDAQ:LVLU) Given New $1.00 Price Target at Telsey Advisory Group

Lulu’s Fashion Lounge (NASDAQ:LVLU) had its price target lowered by Telsey Advisory Group from $2.00 to $1.00 in a research report released on Friday morning,Benzinga reports. The brokerage currently has a market perform rating on the stock.

Lulu’s Fashion Lounge Trading Down 8.3 %

Shares of Lulu’s Fashion Lounge stock opened at $0.39 on Friday. Lulu’s Fashion Lounge has a twelve month low of $0.38 and a twelve month high of $1.99. The stock has a market cap of $16.35 million, a price-to-earnings ratio of -0.52 and a beta of 0.22. The company has a fifty day moving average price of $0.70 and a 200 day moving average price of $1.11.

Lulu’s Fashion Lounge (NASDAQ:LVLU) last issued its earnings results on Thursday, March 27th. The company reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.21) by $0.13. The company had revenue of $66.15 million during the quarter, compared to the consensus estimate of $68.43 million. Lulu’s Fashion Lounge had a negative return on equity of 58.04% and a negative net margin of 9.44%. Analysts forecast that Lulu’s Fashion Lounge will post -0.74 earnings per share for the current year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Lulu’s Fashion Lounge stock. Geode Capital Management LLC raised its position in Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU) by 6.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 170,064 shares of the company’s stock after buying an additional 10,193 shares during the period. Geode Capital Management LLC owned approximately 0.41% of Lulu’s Fashion Lounge worth $272,000 at the end of the most recent quarter. Institutional investors own 73.79% of the company’s stock.

Lulu’s Fashion Lounge Company Profile

Lulu’s Fashion Lounge Holdings, Inc engages in providing an online website for clothing. It offers retailing of women’s clothing, shoes, and accessories. The company was founded in 1996 and is headquartered in Chico, CA.