Lulu’s Fashion Lounge Stock Set to Reverse Split on Monday, July 7th (NASDAQ:LVLU)

Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU)’s stock is set to reverse split before the market opens on Monday, July 7th. The 1-15 reverse split was announced on Thursday, June 26th. The number of shares owned by shareholders will be adjusted after the market closes on Thursday, July 3rd.

Lulu’s Fashion Lounge Stock Up 15.4%

Shares of Lulu’s Fashion Lounge stock opened at $0.28 on Thursday. Lulu’s Fashion Lounge has a twelve month low of $0.22 and a twelve month high of $1.88. The company has a market cap of $11.61 million, a price-to-earnings ratio of -0.20 and a beta of 0.32. The company’s 50 day moving average is $0.41 and its 200 day moving average is $0.63.

Lulu’s Fashion Lounge (NASDAQ:LVLU) last released its quarterly earnings results on Wednesday, May 14th. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.09). Lulu’s Fashion Lounge had a negative return on equity of 103.82% and a negative net margin of 19.01%. The business had revenue of $64.16 million during the quarter, compared to the consensus estimate of $68.17 million. Sell-side analysts expect that Lulu’s Fashion Lounge will post -0.74 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Telsey Advisory Group decreased their price objective on shares of Lulu’s Fashion Lounge from $2.00 to $1.00 and set a “market perform” rating on the stock in a research report on Friday, March 28th.

About Lulu’s Fashion Lounge

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.