Lulu's Fashion Lounge Holdings, Inc. (NASDAQ:LVLU – Get Rating) saw a large increase in short interest in the month of December. As of December 15th, there was short interest totalling 1,020,000 shares, an increase of 16.0% from the November 30th total of 879,500 shares. Approximately 7.0% of the company's stock are sold short. Based on an average daily volume of 157,800 shares, the days-to-cover ratio is currently 6.5 days.
Institutional Trading of Lulu's Fashion Lounge
Hedge funds have recently modified their holdings of the business. California State Teachers Retirement System lifted its holdings in shares of Lulu's Fashion Lounge by 162.4% in the 3rd quarter. California State Teachers Retirement System now owns 6,572 shares of the company's stock valued at $31,000 after buying an additional 4,067 shares during the period. Quantbot Technologies LP acquired a new stake in shares of Lulu's Fashion Lounge in the 2nd quarter valued at approximately $39,000. Bank of America Corp DE lifted its holdings in shares of Lulu's Fashion Lounge by 27.5% in the 1st quarter. Bank of America Corp DE now owns 6,304 shares of the company's stock valued at $42,000 after buying an additional 1,358 shares during the period. Lazard Asset Management LLC acquired a new position in Lulu's Fashion Lounge during the second quarter worth $45,000. Finally, Tower Research Capital LLC TRC raised its holdings in Lulu's Fashion Lounge by 906.8% during the third quarter. Tower Research Capital LLC TRC now owns 13,652 shares of the company's stock worth $63,000 after purchasing an additional 12,296 shares during the last quarter. 54.08% of the stock is owned by institutional investors and hedge funds.
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Analyst Ratings Changes
A number of research firms have recently commented on LVLU. The Goldman Sachs Group dropped their price objective on Lulu's Fashion Lounge from $8.75 to $5.00 and set a "buy" rating on the stock in a report on Monday, December 12th. Cowen downgraded Lulu's Fashion Lounge from an "outperform" rating to a "market perform" rating and dropped their price objective for the company from $8.00 to $5.50 in a report on Tuesday, November 22nd. Telsey Advisory Group dropped their price objective on Lulu's Fashion Lounge from $12.00 to $9.00 and set an "outperform" rating on the stock in a report on Wednesday, November 16th. Cowen downgraded Lulu's Fashion Lounge from an "outperform" rating to a "market perform" rating and dropped their price objective for the company from $8.00 to $5.50 in a report on Tuesday, November 22nd. Finally, KeyCorp dropped their price target on Lulu's Fashion Lounge from $10.00 to $7.00 and set an "overweight" rating on the stock in a research note on Wednesday, November 16th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $9.25.
Lulu's Fashion Lounge Stock Up 2.9 %
Lulu's Fashion Lounge stock opened at $2.51 on Tuesday. Lulu's Fashion Lounge has a twelve month low of $2.16 and a twelve month high of $21.29. The stock has a 50 day moving average of $4.15 and a two-hundred day moving average of $6.31. The company has a current ratio of 1.13, a quick ratio of 0.42 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $97.72 million, a price-to-earnings ratio of -0.56 and a beta of -0.46.
Lulu's Fashion Lounge (NASDAQ:LVLU – Get Rating) last posted its quarterly earnings results on Tuesday, November 15th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.07). The business had revenue of $105.28 million during the quarter, compared to analyst estimates of $115.65 million. Lulu's Fashion Lounge had a net margin of 0.04% and a return on equity of 233.98%. As a group, research analysts expect that Lulu's Fashion Lounge will post 0.17 earnings per share for the current year.
Lulu's Fashion Lounge Company Profile
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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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