Fashion

Brokers Set Expectations for Lulu’s Fashion Lounge Holdings, Inc.’s Q3 2022 Earnings (NASDAQ:LVLU)


Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU – Get Rating) – Equities research analysts at KeyCorp decreased their Q3 2022 EPS estimates for shares of Lulu’s Fashion Lounge in a research note issued on Thursday, July 28th. KeyCorp analyst N. Zatzkin now expects that the company will earn $0.08 per share for the quarter, down from their previous estimate of $0.16. KeyCorp currently has a “Overweight” rating and a $10.00 target price on the stock. The consensus estimate for Lulu’s Fashion Lounge’s current full-year earnings is $0.56 per share.

Other analysts have also issued research reports about the stock. Piper Sandler lowered shares of Lulu’s Fashion Lounge from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $17.00 to $14.00 in a report on Friday, July 22nd. Bank of America lowered shares of Lulu’s Fashion Lounge from a “buy” rating to a “neutral” rating and upped their target price for the stock from $14.00 to $21.00 in a research note on Friday, June 10th. Cowen lowered their price objective on shares of Lulu’s Fashion Lounge from $22.00 to $12.00 in a report on Friday. The Goldman Sachs Group reduced their target price on shares of Lulu’s Fashion Lounge from $33.00 to $15.00 and set a “buy” rating for the company in a report on Monday, April 4th. Finally, Cowen lowered their price target on shares of Lulu’s Fashion Lounge from $22.00 to $12.00 in a research note on Friday. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to t he stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $14.33.

Lulu’s Fashion Lounge Trading Down 5.1%

Shares of LVLU stock opened at $5.60 on Monday. Lulu’s Fashion Lounge has a 52 week low of $5.10 and a 52 week high of $21.29. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.48 and a current ratio of 1.00. The stock’s fifty-day moving average is $12.75 and its 200-day moving average is $10.25.

Lulu’s Fashion Lounge (NASDAQ:LVLU – Get Rating) last posted its earnings results on Tuesday, May 17th. The company reported $0.05 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.05. The firm had revenue of $111.90 million during the quarter, compared to the consensus estimate of $97.50 million.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of LVLU. New York State Common Retirement Fund bought a new position in shares of Lulu’s Fashion Lounge in the fourth quarter worth about $25,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Lulu’s Fashion Lounge during the first quarter worth $39,000. Bank of America Corp DE grew its stake in shares of Lulu’s Fashion Lounge by 27.5% during the first quarter. Bank of America Corp DE now owns 6,304 shares of the company’s stock worth $42,000 after buying an additional 1,358 shares during the last quarter. Envestnet Asset Management Inc. grew its position in Lulu’s Fashion Lounge by 45.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 19,609 shares of the company’s stock worth $133,000 after acquiring an additional 6,091 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in shares of Lulu’s Fashion Lounge in the first quarter valued at a pproximately $139,000. Institutional investors own 51.34% of the company’s stock.

About Lulu’s Fashion Lounge

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Lulu’s Fashion Lounge Holdings, Inc operates as an online retailer of women’s clothing, shoes, and accessories. The company offers dresses, tops, bottoms, bridal wear, intimates, swimwear, footwear, and accessories under the Lulus brand. It sells its products through owned media, which primarily consists of its website, mobile app, social media platforms, email, and SMS; and earned and paid media, as well as social media platforms.

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Earnings History and Estimates for Lulu's Fashion Lounge (NASDAQ:LVLU)

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