Lulu’s Fashion Lounge (NASDAQ:LVLU) Announces Quarterly Earnings Results

Lulu’s Fashion Lounge (NASDAQ:LVLU) posted its earnings results on Wednesday. The company reported ($0.84) EPS for the quarter, FiscalAI reports. Lulu’s Fashion Lounge had a negative net margin of 17.02% and a negative return on equity of 125.82%. The firm had revenue of $73.59 million during the quarter.

Lulu’s Fashion Lounge Price Performance

Shares of LVLU stock traded up $0.16 during trading hours on Wednesday, reaching $4.82. 9,460 shares of the stock were exchanged, compared to its average volume of 60,941. The firm has a market capitalization of $13.26 million, a P/E ratio of -0.27 and a beta of 0.39. The business’s fifty day moving average is $4.77 and its two-hundred day moving average is $5.06. Lulu’s Fashion Lounge has a 12-month low of $2.98 and a 12-month high of $25.50.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Wall Street Zen upgraded Lulu’s Fashion Lounge to a “sell” rating in a research note on Saturday, September 13th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Lulu’s Fashion Lounge in a research note on Tuesday, October 14th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $15.00.

Hedge Funds Weigh In On Lulu’s Fashion Lounge

An institutional investor recently bought a new position in Lulu’s Fashion Lounge stock. Chico Wealth RIA acquired a new position in Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU) during the third quarter, according to its most recent 13F filing with the SEC. The firm acquired 101,432 shares of the company’s stock, valued at approximately $477,000. Lulu’s Fashion Lounge accounts for 0.3% of Chico Wealth RIA’s investment portfolio, making the stock its 22nd biggest holding. Chico Wealth RIA owned 3.69% of Lulu’s Fashion Lounge at the end of the most recent quarter. 73.79% of the stock is owned by hedge funds and other institutional investors.

Lulu’s Fashion Lounge Company Profile

Lulu’s Fashion Lounge Holdings, Inc engages in providing an online website for clothing. It offers retailing of women’s clothing, shoes, and accessories. The company was founded in 1996 and is headquartered in Chico, CA.