Lulu’s Fashion Lounge (NASDAQ:LVLU) Stock Rating Upgraded by Wall Street Zen

Lulu’s Fashion Lounge (NASDAQ:LVLU) was upgraded by research analysts at Wall Street Zen to a “hold” rating in a report released on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings upgraded Lulu’s Fashion Lounge from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, July 17th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

Lulu’s Fashion Lounge Stock Performance

Shares of LVLU opened at $11.94 on Friday. Lulu’s Fashion Lounge has a 12 month low of $3.69 and a 12 month high of $32.32. The stock has a fifty day moving average price of $13.80 and a 200-day moving average price of $12.00. The firm has a market cap of $34.27 million, a PE ratio of -4.06 and a beta of 0.26.

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

Institutional Trading of Lulu’s Fashion Lounge

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LVLU. Chico Wealth RIA increased its holdings in shares of Lulu’s Fashion Lounge by 69.3% in the fourth quarter. Chico Wealth RIA now owns 171,707 shares of the company’s stock valued at $896,000 after purchasing an additional 70,275 shares during the period. Renaissance Technologies LLC acquired a new stake in shares of Lulu’s Fashion Lounge during the fourth quarter worth about $56,000. Finally, Birchwood Financial Partners Inc. acquired a new position in Lulu’s Fashion Lounge in the 4th quarter worth approximately $25,000. Institutional investors and hedge funds own 73.79% of the company’s stock.

Lulu’s Fashion Lounge Company Profile

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.