Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU – Get Free Report) shares dropped 3.7% during trading on Monday . The stock traded as low as $8.28 and last traded at $8.32. Approximately 435,214 shares traded hands during mid-day trading, an increase of 7,237% from the average daily volume of 5,932 shares. The stock had previously closed at $8.64.
Wall Street Analyst Weigh In
Separately, Weiss Ratings lowered shares of Lulu’s Fashion Lounge from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, June 23rd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.
Check Out Our Latest Stock Analysis on Lulu’s Fashion Lounge
Lulu’s Fashion Lounge Stock Up 14.5%
Lulu’s Fashion Lounge (NASDAQ:LVLU – Get Free Report) last released its quarterly earnings data on Wednesday, May 13th. The company reported ($1.44) EPS for the quarter, beating analysts’ consensus estimates of ($1.80) by $0.36. Lulu’s Fashion Lounge had a negative return on equity of 423.50% and a negative net margin of 3.56%.The business had revenue of $57.53 million during the quarter, compared to the consensus estimate of $64.16 million.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the stock. Chico Wealth RIA grew its position in Lulu’s Fashion Lounge by 69.3% during the fourth quarter. Chico Wealth RIA now owns 171,707 shares of the company’s stock worth $896,000 after buying an additional 70,275 shares in the last quarter. Renaissance Technologies LLC acquired a new position in Lulu’s Fashion Lounge during the 4th quarter worth approximately $56,000. Finally, Birchwood Financial Partners Inc. bought a new position in shares of Lulu’s Fashion Lounge in the 4th quarter valued at $25,000. Institutional investors and hedge funds own 73.79% of the company’s stock.
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.
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