Lulu’s Fashion Lounge (NASDAQ:LVLU) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Lulu’s Fashion Lounge (NASDAQ:LVLU – Free Report) to a hold rating in a research note released on Saturday morning,Wall Street Zen reports.

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

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Lulu’s Fashion Lounge Price Performance

NASDAQ:LVLU opened at $11.94 on Friday. The firm has a 50-day moving average of $13.87 and a two-hundred day moving average of $11.98. The stock has a market cap of $34.27 million, a P/E ratio of -4.06 and a beta of 0.26. Lulu’s Fashion Lounge has a 1-year low of $3.69 and a 1-year high of $32.32.

Lulu’s Fashion Lounge (NASDAQ:LVLU – Get Free Report) last announced its earnings results on Wednesday, August 12th. The company reported ($0.52) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.37). The business had revenue of $67.81 million for the quarter, compared to analysts’ expectations of $83.49 million. Lulu’s Fashion Lounge had a negative return on equity of 946.15% and a negative net margin of 3.17%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in LVLU. Birchwood Financial Partners Inc. acquired a new stake in Lulu’s Fashion Lounge in the fourth quarter worth $25,000. Renaissance Technologies LLC bought a new stake in Lulu’s Fashion Lounge in the fourth quarter valued at $56,000. Finally, Chico Wealth RIA boosted its holdings in shares of Lulu’s Fashion Lounge by 69.3% during the fourth quarter. Chico Wealth RIA now owns 171,707 shares of the company’s stock valued at $896,000 after acquiring an additional 70,275 shares during the period. 73.79% of the stock is currently owned by institutional investors.

About Lulu’s Fashion Lounge

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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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