Lulu’s Fashion Lounge (NASDAQ:LVLU) Posts Earnings Results, Misses Expectations By $0.37 EPS

Lulu’s Fashion Lounge (NASDAQ:LVLU) issued its quarterly earnings results on Wednesday. The company reported ($0.52) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.37), FiscalAI reports. Lulu’s Fashion Lounge had a negative net margin of 3.56% and a negative return on equity of 423.50%. The firm had revenue of $67.81 million during the quarter, compared to analysts’ expectations of $83.49 million.

Lulu’s Fashion Lounge Price Performance

Lulu’s Fashion Lounge stock traded down $2.60 during mid-day trading on Wednesday, hitting $16.76. The company’s stock had a trading volume of 24,062 shares, compared to its average volume of 195,108. The firm’s 50 day moving average is $11.60 and its 200 day moving average is $12.49. The company has a market cap of $47.93 million, a PE ratio of -4.79 and a beta of 0.29. Lulu’s Fashion Lounge has a 52-week low of $3.51 and a 52-week high of $32.32.

Hedge Funds Weigh In On Lulu’s Fashion Lounge

An institutional investor recently bought a new position in Lulu’s Fashion Lounge stock. Renaissance Technologies LLC purchased a new position in Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 10,664 shares of the company’s stock, valued at approximately $56,000. Renaissance Technologies LLC owned approximately 0.38% of Lulu’s Fashion Lounge at the end of the most recent reporting period. Institutional investors own 73.79% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of Lulu’s Fashion Lounge from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, July 17th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

About Lulu’s Fashion Lounge

Lulu’s Fashion Lounge, Inc is a publicly traded e-commerce apparel retailer that specializes in women’s fashion. Headquartered in Chico, California, the company operates under the “Lulus” brand, offering a curated selection of apparel, footwear and accessories designed to meet the trends and needs of a diverse female audience. Since completing its initial public offering and listing on the NASDAQ under the ticker symbol LVLU, Lulu’s has focused on expanding its direct-to-consumer business model and enhancing its online platform to drive global reach.

The company’s core product portfolio includes dresses, tops, denim, swimwear, jumpsuits and outerwear, complemented by a range of shoes, jewelry and handbags.