Lulu’s Fashion Lounge (NASDAQ:LVLU) Price Target Cut to $5.50 by Analysts at Robert W. Baird

Lulu’s Fashion Lounge (NASDAQ:LVLU – Get Rating) had its price objective trimmed by Robert W. Baird from $7.00 to $5.50 in a research report released on Wednesday morning, The Fly reports.

Several other brokerages have also commented on LVLU. Jefferies Financial Group lowered Lulu’s Fashion Lounge from a buy rating to a hold rating and dropped their price objective for the company from $15.00 to $3.00 in a report on Wednesday, February 15th. The Goldman Sachs Group lowered their price objective on Lulu’s Fashion Lounge from $8.75 to $5.00 and set a buy rating for the company in a research report on Monday, December 12th. BTIG Research assumed coverage on Lulu’s Fashion Lounge in a research report on Monday, February 6th. They issued a buy rating and a $5.00 target price for the company. Cowen downgraded Lulu’s Fashion Lounge from an outperform rating to a market perform rating and cut their target price for the stock from $8.00 to $5.50 in a research note on Tuesday, November 22nd. Finally, Telsey Advisory Group reiterated an outperform rating and set a $9.00 target price on shares of Lulu’s Fashion Lounge in a report on Tuesday, March 7th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $4.58.

Lulu’s Fashion Lounge Price Performance

LVLU opened at $2.32 on Wednesday. Lulu’s Fashion Lounge has a 12-month low of $1.93 and a 12-month high of $21.29. The business’s fifty day simple moving average is $2.95 and its 200-day simple moving average is $4.05. The company has a market capitalization of $91.15 million, a price-to-earnings ratio of 29.00 and a beta of -0.02. The company has a current ratio of 1.45, a quick ratio of 0.42 and a debt-to-equity ratio of 0.39.

Institutional Trading of Lulu’s Fashion Lounge

Several large investors have recently added to or reduced their stakes in LVLU. Envestnet Asset Management Inc. grew its stake in Lulu’s Fashion Lounge by 45.1% during the first quarter. Envestnet Asset Management Inc. now owns 19,609 shares of the company’s stock worth $133,000 after buying an additional 6,091 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in Lulu’s Fashion Lounge in the first quarter valued at approximately $139,000. Panagora Asset Management Inc. acquired a new position in Lulu’s Fashion Lounge in the first quarter valued at approximately $215,000. BlackRock Inc. lifted its holdings in Lulu’s Fashion Lounge by 37.5% in the first quarter. BlackRock Inc. now owns 170,782 shares of the company’s stock valued at $1,158,000 after buying an additional 46,565 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in Lulu’s Fashion Lounge by 24.6% in the first quarter. Vanguard Group Inc. now owns 111,192 shares of the company’s stock valued at $754,000 after buying an additional 21,978 shares during the period. 54.08% of the stock is owned by institutional investors.

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.