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

Telsey Advisory Group reaffirmed their market perform rating on shares of Lulu’s Fashion Lounge (NASDAQ:LVLU) in a research report report published on Thursday morning,Benzinga reports. Telsey Advisory Group currently has a $2.00 target price on the stock.

Separately, The Goldman Sachs Group cut their target price on shares of 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 Price Performance

Shares of Lulu’s Fashion Lounge stock opened at $1.43 on Thursday. The company’s 50-day moving average price is $1.52 and its 200-day moving average price is $1.58. Lulu’s Fashion Lounge has a 12-month low of $1.02 and a 12-month high of $2.84.

Lulu’s Fashion Lounge (NASDAQ:LVLU) last issued its quarterly earnings results on Wednesday, August 14th. The company reported ($0.26) EPS for the quarter. Lulu’s Fashion Lounge had a negative net margin of 9.44% and a negative return on equity of 58.04%. The business had revenue of $91.97 million for the quarter, compared to the consensus estimate of $91.30 million. Equities analysts forecast that Lulu’s Fashion Lounge will post -0.74 earnings per share for the current year.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Lulu’s Fashion Lounge stock. Sweeney & Michel LLC acquired a new stake in shares of Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 51,059 shares of the company’s stock, valued at approximately $71,000. Sweeney & Michel LLC owned 0.12% of Lulu’s Fashion Lounge at the end of the most recent quarter. 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.