BTIG Research Lowers Lulu’s Fashion Lounge (NASDAQ:LVLU) Price Target to $4.00

Lulu’s Fashion Lounge (NASDAQ:LVLU – Get Rating) had its price objective trimmed by BTIG Research from $5.00 to $4.00 in a report published on Wednesday, The Fly reports. The firm currently has a buy rating on the stock.

A number of other brokerages also recently issued reports on LVLU. Jefferies Financial Group downgraded shares of Lulu’s Fashion Lounge from a buy rating to a hold rating and reduced their price objective for the stock from $15.00 to $3.00 in a research note on Wednesday, February 15th. Cowen downgraded shares of Lulu’s Fashion Lounge from an outperform rating to a market perform rating and reduced their price objective for the stock from $8.00 to $5.50 in a research note on Tuesday, November 22nd. Telsey Advisory Group restated an outperform rating and issued a $9.00 price target on shares of Lulu’s Fashion Lounge in a research note on Tuesday, March 7th. Robert W. Baird reduced their price target on shares of Lulu’s Fashion Lounge from $7.00 to $5.50 in a research note on Wednesday. Finally, Cowen downgraded shares of Lulu’s Fashion Lounge from an outperform rating to a market perform rating and reduced their price target for the company from $8.00 to $5.50 in a research note on Tuesday, November 22nd. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Lulu’s Fashion Lounge has an average rating of Moderate Buy and a consensus price target of $4.58.

Lulu’s Fashion Lounge Trading Down 13.4 %

LVLU stock opened at $2.32 on Wednesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.42 and a current ratio of 1.45. The company’s 50-day simple moving average is $2.95 and its 200 day simple moving average is $4.05. Lulu’s Fashion Lounge has a 52 week low of $1.93 and a 52 week high of $21.29. The company has a market capitalization of $91.15 million, a PE ratio of 29.00 and a beta of -0.02.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. California State Teachers Retirement System grew its position in shares of Lulu’s Fashion Lounge by 162.4% during the 3rd quarter. California State Teachers Retirement System now owns 6,572 shares of the company’s stock worth $31,000 after buying an additional 4,067 shares during the period. Quantbot Technologies LP acquired a new stake in Lulu’s Fashion Lounge in the 2nd quarter valued at $39,000. Bank of America Corp DE grew its position in Lulu’s Fashion Lounge by 27.5% in the 1st quarter. Bank of America Corp DE now owns 6,304 shares of the company’s stock valued at $42,000 after purchasing an additional 1,358 shares during the period. Lazard Asset Management LLC acquired a new stake in Lulu’s Fashion Lounge in the 2nd quarter valued at $45,000. Finally, Tower Research Capital LLC TRC grew its position in Lulu’s Fashion Lounge by 906.8% in the 3rd quarter. Tower Research Capital LLC TRC now owns 13,652 shares of the company’s stock valued at $63,000 after purchasing an additional 12,296 shares during the period. Institutional investors own 54.08% of the company’s stock.

About Lulu’s Fashion Lounge

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Lulu's Fashion Lounge Holdings, Inc operates as an online retailer of women's clothing, shoes, and accessories. The company offers dresses, tops, bottoms, bridal wear, intimates, swimwear, footwear, and accessories under the Lulus brand. It sells its products through owned media, which primarily consists of its website, mobile app, social media platforms, email, and SMS; and earned and paid media, as well as social media platforms.