Zacks Investment Research Downgrades Lulu’s Fashion Lounge (NASDAQ:LVLU) to Hold

Lulu’s Fashion Lounge (NASDAQ:LVLU – Get Rating) was downgraded by Zacks Investment decision Investigate from a “buy” rating to a “hold” rating in a report issued on Friday, Zacks.com experiences.

In accordance to Zacks, “Lulu’s Trend Lounge Holdings Inc. is a consumer driven, digitally indigenous women’s fashion brand. Lulu’s Trend Lounge Holdings Inc. is centered in CHICO, Calif. “

A selection of other study analysts also not long ago issued reviews on the business. The Goldman Sachs Team dropped their value goal on Lulu’s Style Lounge from $33.00 to $15.00 and set a “buy” rating on the inventory in a study notice on Monday, April 4th. KeyCorp dropped their selling price focus on on Lulu’s Manner Lounge from $18.00 to $15.00 and set an “overweight” rating on the stock in a investigation be aware on Thursday, January 20th. Ultimately, Cowen reaffirmed a “buy” rating and set a $15.00 rate target on shares of Lulu’s Style Lounge in a analysis observe on Friday, April 1st. One particular expense analyst has rated the inventory with a maintain rating and eight have issued a get ranking to the business. According to information from MarketBeat, the organization has an normal rating of “Buy” and a consensus target cost of $15.86.

Lulu’s Trend Lounge stock opened at $11.60 on Friday. The company has a speedy ratio of .62, a current ratio of 1.14 and a financial debt-to-equity ratio of .56. Lulu’s Fashion Lounge has a 52 week minimal of $5.10 and a 52 7 days substantial of $15.09. The stock’s fifty day very simple going normal is $8.47.

Lulu’s Manner Lounge (NASDAQ:LVLU – Get Ranking) past posted its quarterly earnings results on Thursday, March 31st. The firm described ($.03) EPS for the quarter, topping analysts’ consensus estimates of ($.08) by $.05. The enterprise had revenue of $96.76 million for the quarter, when compared to analyst estimates of $93.10 million. As a team, exploration analysts forecast that Lulu’s Trend Lounge will write-up .59 EPS for the current 12 months.

Numerous hedge resources have a short while ago added to or lowered their stakes in the firm. Canada Pension Plan Financial commitment Board acquired a new posture in Lulu’s Vogue Lounge through the fourth quarter valued at $76,725,000. Principal Money Team Inc. acquired a new posture in shares of Lulu’s Vogue Lounge in the fourth quarter really worth $14,918,000. Instructor Retirement Procedure of Texas acquired a new position in shares of Lulu’s Vogue Lounge in the fourth quarter value $3,197,000. Leonard Inexperienced & Companions L.P. acquired a new position in shares of Lulu’s Fashion Lounge in the fourth quarter really worth $3,069,000. Lastly, Retirement Devices of Alabama acquired a new posture in shares of Lulu’s Style Lounge in the fourth quarter really worth $2,813,000. 51.34% of the inventory is owned by institutional traders.

About Lulu’s Manner Lounge (Get Rating)

Lulu’s Manner Lounge Holdings, Inc operates as an online retailer of women’s clothing, shoes, and add-ons. It provides attire, tops, bottoms, bridal dress in, intimates, swimwear, footwear, and extras under the Lulus brand. The firm sells its solutions as a result of owned media, which principally is made up of its web site, mobile app, social media platforms, e mail, and SMS attained media and paid media that is composed of paid out ad on lookup engines, this kind of as Google and Bing, as well as social media platforms comprising Fb and Instagram.

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