FY2023 Earnings Forecast for Lulu’s Fashion Lounge Holdings, Inc. Issued By Telsey Advisory Group (NASDAQ:LVLU)

Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU – Get Rating) – Stock analysts at Telsey Advisory Group lowered their FY2023 earnings per share estimates for shares of Lulu’s Fashion Lounge in a report released on Wednesday, March 15th. Telsey Advisory Group analyst D. Telsey now anticipates that the company will earn $0.01 per share for the year, down from their previous forecast of $0.43. Telsey Advisory Group has a “Outperform” rating and a $5.00 price objective on the stock. The consensus estimate for Lulu’s Fashion Lounge’s current full-year earnings is $0.10 per share.

A number of other brokerages also recently commented on LVLU. BTIG Research reduced their price objective on Lulu’s Fashion Lounge from $5.00 to $4.00 and set a “buy” rating for the company in a research report on Wednesday. Cowen cut Lulu’s Fashion Lounge from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $8.00 to $5.50 in a report on Tuesday, November 22nd. The Goldman Sachs Group lowered their target price on Lulu’s Fashion Lounge from $5.00 to $4.30 and set a “buy” rating for the company in a research note on Wednesday. Cowen lowered Lulu’s Fashion Lounge from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $8.00 to $5.50 in a research report on Tuesday, November 22nd. Finally, Jefferies Financial Group lowered Lulu’s Fashion Lounge from a “buy” rating to a “hold” rating and reduced their price target for the stock from $15.00 to $3.00 in a research report on Wednesday, February 15th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $4.58.

Lulu’s Fashion Lounge Stock Performance

Shares of NASDAQ LVLU opened at $2.32 on Friday. The business’s 50-day simple moving average is $2.95 and its 200-day simple moving average is $4.05. Lulu’s Fashion Lounge has a 52 week low of $1.93 and a 52 week high of $21.29. The firm has a market cap of $91.15 million, a price-to-earnings ratio of 29.00 and a beta of -0.02. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.42 and a current ratio of 1.45.

Institutional Trading of Lulu’s Fashion Lounge

A number of large investors have recently bought and sold shares of the business. Truist Financial Corp grew its holdings in Lulu’s Fashion Lounge by 99.2% during the 4th quarter. Truist Financial Corp now owns 100,134 shares of the company’s stock worth $251,000 after acquiring an additional 49,864 shares during the period. Morgan Stanley lifted its position in Lulu’s Fashion Lounge by 30.6% in the 4th quarter. Morgan Stanley now owns 31,951 shares of the company’s stock valued at $80,000 after acquiring an additional 7,493 shares in the last quarter. Renaissance Technologies LLC lifted its position in Lulu’s Fashion Lounge by 17.1% in the 4th quarter. Renaissance Technologies LLC now owns 89,200 shares of the company’s stock valued at $224,000 after acquiring an additional 13,000 shares in the last quarter. Geode Capital Management LLC lifted its position in Lulu’s Fashion Lounge by 5.2% in the 4th quarter. Geode Capital Management LLC now owns 236,352 shares of the company’s stock valued at $593,000 after acquiring an additional 11,662 shares in the last quarter. Finally, Bank of America Corp DE increased its stake in Lulu’s Fashion Lounge by 194.8% in the 4th quarter. Bank of America Corp DE now owns 17,019 shares of the company’s stock valued at $43,000 after buying an additional 11,246 shares during the last quarter. 54.08% of the stock is currently owned by institutional investors and hedge funds.

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.