BTIG analyst Janie Stichter reiterated a Buy rating on Lulu’s Fashion Lounge Holdings (LVLU – Research Report) today and set a price target of $4.00. The company’s shares closed yesterday at $2.41.
According to TipRanks, Stichter is a 3-star analyst with an average return of 1.8% and a 35.66% success rate. Stichter covers the Consumer Goods sector, focusing on stocks such as Lulu’s Fashion Lounge Holdings, Foot Locker, and Rocky Brands.
In addition to BTIG, Lulu’s Fashion Lounge Holdings also received a Buy from Telsey Advisory’s Dana Telsey in a report issued on May 2. However, today, Bank of America Securities reiterated a Hold rating on Lulu’s Fashion Lounge Holdings (NASDAQ: LVLU).
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Based on Lulu’s Fashion Lounge Holdings’ latest earnings release for the quarter ending January 1, the company reported a quarterly revenue of $90.96 million and a GAAP net loss of $5.25 million. In comparison, last year the company earned a revenue of $111.9 million and had a net profit of $2.04 million
Based on the recent corporate insider activity of 34 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of LVLU in relation to earlier this year.
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Lulus Fashion Lounge Holdings Inc is a fashion brand primarily serving Millennial and Gen Z women. Its products include Fall Dresses, Winter Dresses, Sweater Dresses, Short Dresses, Casual Dresses, Wedding Dresses, and Denims, among others.
Read More on LVLU:
- Lulu’s Fashion Lounge price target lowered to $3 from $7.80 at BofA
- Lulu’s Fashion Lounge price target lowered to $3 from $11 at Piper Sandler
- Lulu’s Fashion Lounge price target lowered to $4 from $5 at BTIG
- Lulu’s Fashion Lounge sees FY23 revenue $410M-$430M, consensus $459.6M
- Lulu’s Fashion Lounge reports Q4 EPS (14c), consensus (11c)
