Lulu’s Fashion Lounge (NASDAQ:LVLU) Earns “Market Perform” Rating from Telsey Advisory Group

Lulu’s Fashion Lounge (NASDAQ:LVLU)‘s stock had its “market perform” rating reiterated by Telsey Advisory Group in a research note issued to investors on Thursday, Benzinga reports. They currently have a $3.00 price objective on the stock. Telsey Advisory Group’s target price would indicate a potential upside of 74.42% from the stock’s current price.

Lulu’s Fashion Lounge Price Performance

NASDAQ:LVLU opened at $1.72 on Thursday. Lulu’s Fashion Lounge has a one year low of $1.05 and a one year high of $3.26. The company has a fifty day moving average price of $1.50 and a 200 day moving average price of $1.89. The stock has a market cap of $71.08 million, a P/E ratio of -3.12 and a beta of 0.09.

Lulu’s Fashion Lounge (NASDAQ:LVLU) last announced its quarterly earnings data on Wednesday, March 6th. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.08). Lulu’s Fashion Lounge had a negative net margin of 5.44% and a negative return on equity of 30.43%. The company had revenue of $74.96 million for the quarter, compared to analyst estimates of $73.95 million. As a group, equities research analysts anticipate that Lulu’s Fashion Lounge will post -0.12 EPS for the current year.

Institutional Trading of Lulu’s Fashion Lounge

An institutional investor recently bought a new position in Lulu’s Fashion Lounge stock. Victory Capital Management Inc. purchased a new stake in Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 32,856 shares of the company’s stock, valued at approximately $61,000. Victory Capital Management Inc. owned 0.08% of Lulu’s Fashion Lounge at the end of the most recent reporting period. 73.79% of the stock is currently owned by hedge funds and other institutional investors.

About Lulu’s Fashion Lounge

Lulu's Fashion Lounge Holdings, Inc operates as an online retailer of women's apparel, footwear, and accessories. The company offers formals, casuals, dresses, tops, bottoms, wedding dresses, rompers and jumpsits, intimates and sleepwear, swimwear, shoes, and accessories under the Lulus brand.