Lulu's Fashion Lounge Holdings, Inc. (NASDAQ:LVLU – Get Rating) saw a large growth in short interest in January. As of January 15th, there was short interest totalling 1,020,000 shares, a growth of 22.8% from the December 31st total of 830,700 shares. Based on an average daily volume of 145,300 shares, the days-to-cover ratio is presently 7.0 days. Currently, 7.0% of the shares of the company are sold short.
Lulu's Fashion Lounge Stock Performance
Shares of Lulu's Fashion Lounge stock traded up $0.05 on Monday, hitting $3.09. The stock had a trading volume of 38,880 shares, compared to its average volume of 87,320. The company has a quick ratio of 0.42, a current ratio of 1.13 and a debt-to-equity ratio of 0.22. The business's 50 day moving average is $2.98 and its two-hundred day moving average is $5.10. Lulu's Fashion Lounge has a twelve month low of $2.16 and a twelve month high of $21.29. The stock has a market cap of $120.29 million, a price-to-earnings ratio of -0.68 and a beta of -0.46.
Get Lulu's Fashion Lounge alerts:Lulu's Fashion Lounge (NASDAQ:LVLU – Get Rating) last announced its earnings results on Tuesday, November 15th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.09 by ($0.07). Lulu's Fashion Lounge had a net margin of 0.04% and a return on equity of 233.98%. The business had revenue of $105.28 million during the quarter, compared to the consensus estimate of $115.65 million. Analysts forecast that Lulu's Fashion Lounge will post 0.17 EPS for the current year.
Analyst Ratings Changes
Several brokerages have recently weighed in on LVLU. Cowen lowered Lulu's Fashion Lounge from an "outperform" rating to a "market perform" rating and decreased their price objective for the stock from $8.00 to $5.50 in a report on Tuesday, November 22nd. KeyCorp decreased 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. The Goldman Sachs Group decreased their price target on Lulu's Fashion Lounge from $8.75 to $5.00 and set a "buy" rating on the stock in a research note on Monday, December 12th. Telsey Advisory Group cut their price objective on Lulu's Fashion Lounge from $12.00 to $9.00 and set an "outperform" rating for the company in a research report on Wednesday, November 16th. Finally, Cowen downgraded Lulu's Fashion Lounge from an "outperform" rating to a "market perform" rating and dropped their target price for the stock from $8.00 to $5.50 in a research report on Tuesday, November 22nd. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $9.25.Institutional Investors Weigh In On Lulu's Fashion Lounge
A number of hedge funds and other institutional investors have recently made changes to their positions in LVLU. Strs Ohio increased its stake in Lulu's Fashion Lounge by 5.9% during the 2nd quarter. Strs Ohio now owns 23,200 shares of the company's stock worth $251,000 after acquiring an additional 1,300 shares during the period. Bank of America Corp DE increased its position in shares of Lulu's Fashion Lounge by 27.5% in the first quarter. Bank of America Corp DE now owns 6,304 shares of the company's stock worth $42,000 after purchasing an additional 1,358 shares during the period. Envestnet Asset Management Inc. raised its stake in Lulu's Fashion Lounge by 12.0% in the third quarter. Envestnet Asset Management Inc. now owns 20,666 shares of the company's stock valued at $96,000 after purchasing an additional 2,217 shares in the last quarter. Northern Trust Corp lifted its position in Lulu's Fashion Lounge by 5.5% during the second quarter. Northern Trust Corp now owns 48,642 shares of the company's stock worth $528,000 after purchasing an additional 2,532 shares during the period. Finally, Quantbot Technologies LP acquired a new stake in Lulu's Fashion Lounge during the second quarter worth about $39,000. 54.08% of the stock is currently owned by institutional investors and hedge funds.
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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