Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU – Get Rating) was the target of a significant drop in short-selling rates in December. As of December 30, there were a total of 830,700 shares shorted, down 18.6% from the December 15 total of 1,020,000 shares. Based on an average daily trading volume of 155,800 shares, the days coverage ratio is now 5.3 days. 5.7% of the shares are currently short-sold.
Wall Street Analyst Predicts Growth
→ First Look – Porter Stansbury’s Next Big Prediction (From Porter & Co.)
Several research firms have recently commented on LVLU. Cowen downgraded Lulu’s Fashion Lounge shares from “outperform” to “market perform” and lowered its price target from $8.00 to $5.50 in its research report on Tuesday, November 22nd. Telsey Advisory Group lowered its price target on Lulu’s Fashion Lounge stock from his $12.00 to his $9.00 in a research report on Wednesday, Nov. 16, giving the stock an “Outperform” rating. KeyCorp lowered its price target on Lulu’s Fashion Lounge from $10.00 to $7.00 in a research report on Wednesday, November 16, giving the stock an “overweight” rating. Goldman Sachs Group Inc. lowered its price target on Lulu’s Fashion Lounge from $8.75 to $5.00, giving it a Buy rating in its research report on Monday, December 12. Finally, Cowen downgraded Lulu’s Fashion Lounge’s stock from an “outperform” rating to a “market perform” rating in his Tuesday, Nov. 22 research report, and lowered his price target from $8.00 to $5.50. reduced to dollars. Four analysts rated the stock with a holding rating and four 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 Inventory decreased by 0.7%
LVLU shares opened at $3.00 on Friday. The company has a market capitalization of $116.79 million, a PE ratio of -0.67 and a beta of -0.46. The company has a 50-day moving average of $3.29 and a 200-day moving average of $5.54. Lulu’s Fashion Lounge has a 52-week low of $2.16 and a 52-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 reported quarterly results on Tuesday, November 15th. The company reported earnings of $0.02 per share for her quarter. This misses the analyst consensus forecast of $0.09 ($0.07). The company’s revenue for the quarter was $105.28 million, compared with analyst estimates of $115.65 million. Lulu’s Fashion Lounge had a net profit margin of 0.04% and a return on equity of 233.98%. Analysts expect Lulu’s Fashion Lounge to generate earnings per share of 0.17 this year.
Hedge Fund Joins Lulu’s Fashion Lounge
Recently, a number of hedge funds have changed their positions at the LVLU. Principal Financial Group raised its stake in Lulu’s Fashion Lounge by 25.8% in the second quarter. After Principal Financial Group Inc. acquired an additional 405,422 shares during this period, he owns 1,979,419 shares of the company worth $21,476,000. BlackRock Inc. raised a 143.8% stake in Lulu’s Fashion Lounge in the third quarter. BlackRock Inc. now owns 652,304 shares worth $3,040,000 after acquiring an additional 384,735 shares during this period. Vanguard Group Inc. raised a 23.8% stake in Lulu’s Fashion Lounge in the third quarter. Vanguard Group Inc. now owns 630,392 shares worth $2,938,000 after acquiring an additional 120,985 shares during this period. Renaissance Technologies LLC increased its stake in Lulu’s Fashion Lounge by 105.4% in the second quarter. Renaissance Technologies LLC now owns 132,700 shares worth $1,440,000 after acquiring an additional 68,100 shares during this period. Finally, Russell Investments Group Ltd. increased its stake in Lulu’s Fashion Lounge by 39.9% in the third quarter. Russell Investments Group Ltd. now owns 116,592 shares worth $542,000 after acquiring an additional 33,240 shares during this period. Institutional investors and hedge funds own 54.08% of the company’s shares.
Lulu’s Fashion Lounge Company Profile
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Lulu’s Fashion Lounge Holdings, Inc. is an online retailer of women’s clothing, shoes and accessories. The company offers dresses, tops, bottoms, bridalwear, innerwear, swimwear, footwear and accessories under the Lulus brand. We sell our products primarily through our owned media, which consists of websites, mobile apps, social media platforms, emails and SMS. It includes earned and paid media as well as social media platforms.
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