Jefferies Financial Group Brokers Reduce Earnings Estimates for Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU)

Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU – Get Rating) – Research analysts at Jefferies Financial Group decreased their Q1 2023 earnings estimates for Lulu’s Fashion Lounge in a note issued to investors on Tuesday, March 14th. Jefferies Financial Group analyst R. Konik now forecasts that the company will post earnings of ($0.05) per share for the quarter, down from their prior estimate of $0.03. Jefferies Financial Group has a “Hold” rating and a $3.00 price objective on the stock. The consensus estimate for Lulu’s Fashion Lounge’s current full-year earnings is $0.10 per share. Jefferies Financial Group also issued estimates for Lulu’s Fashion Lounge’s Q2 2023 earnings at $0.07 EPS, Q4 2023 earnings at ($0.01) EPS, FY2023 earnings at $0.05 EPS, Q1 2024 earnings at $0.02 EPS, Q2 2024 earnings at $0.04 EPS and FY2024 earnings at $0.22 EPS.

LVLU has been the subject of a number of other reports. Bank of America reduced their target price on shares of Lulu’s Fashion Lounge from $7.80 to $3.00 in a report on Friday. Cowen lowered Lulu’s Fashion Lounge from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $8.00 to $5.50 in a research note on Tuesday, November 22nd. Piper Sandler dropped their price target on Lulu’s Fashion Lounge from $11.00 to $3.00 in a research note on Wednesday. Cowen lowered Lulu’s Fashion Lounge from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $8.00 to $5.50 in a research note on Tuesday, November 22nd. Finally, Telsey Advisory Group dropped their price target on Lulu’s Fashion Lounge from $9.00 to $5.00 and set an “outperform” rating on the stock in a research note on Wednesday. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $4.58.

Lulu’s Fashion Lounge Stock Performance

Shares of Lulu’s Fashion Lounge stock opened at $2.32 on Friday. The company has a market capitalization of $91.15 million, a PE 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. The company has a 50-day simple moving average of $2.95 and a two-hundred day simple moving average of $4.05. Lulu’s Fashion Lounge has a one year low of $1.93 and a one year high of $21.29.

Institutional Investors Weigh In On Lulu’s Fashion Lounge

A number of large investors have recently bought and sold shares of LVLU. Principal Financial Group Inc. boosted its position in Lulu’s Fashion Lounge by 25.8% in the second quarter. Principal Financial Group Inc. now owns 1,979,419 shares of the company’s stock valued at $21,476,000 after buying an additional 405,422 shares during the last quarter. BlackRock Inc. boosted its position in Lulu’s Fashion Lounge by 143.8% in the third quarter. BlackRock Inc. now owns 652,304 shares of the company’s stock valued at $3,040,000 after buying an additional 384,735 shares during the last quarter. Vanguard Group Inc. boosted its position in Lulu’s Fashion Lounge by 23.8% in the third quarter. Vanguard Group Inc. now owns 630,392 shares of the company’s stock valued at $2,938,000 after buying an additional 120,985 shares during the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in Lulu’s Fashion Lounge in the third quarter valued at approximately $378,000. Finally, Renaissance Technologies LLC boosted its position in Lulu’s Fashion Lounge by 105.4% in the second quarter. Renaissance Technologies LLC now owns 132,700 shares of the company’s stock valued at $1,440,000 after buying an additional 68,100 shares during the last quarter. Hedge funds and other institutional investors own 54.08% of the company’s stock.

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.