Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ: LVLU) Receives Consensus “Buy” Recommendation from Analysts

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Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ: LVLUGet a rating) earned an average rating of “Buy” from the nine rating agencies that cover the company, MarketBeat.com reports. Nine investment analysts rated the stock with a Buy recommendation. The 1-year average target price among analysts who have reported on the stock in the past year is $15.86.

LVLU has been the subject of several analyst reports. KeyCorp cut its price target on Lulu’s Fashion Lounge shares from $18.00 to $15.00 and set an “overweight” rating on the stock in a Thursday, January 20 research note. Goldman Sachs Group lowered its price target on Lulu’s Fashion Lounge shares from $33.00 to $15.00 and set a “buy” rating on the stock in a Monday, April 4 research report . Zacks Investment Research moved shares of Lulu’s Fashion Lounge from a “hold” rating to a “buy” rating and set a target price of $8.75 on the stock in a research report on Tuesday, April 5. Finally, Cowen reissued a “buy” rating and published a target price of $15.00 on shares of Lulu’s Fashion Lounge in a research report on Friday, April 1.

Shares of Lulu’s Fashion Salon Stock traded at $0.74 during the midday session on Friday, reaching $9.37. 72,280 shares were traded, against an average volume of 190,882. Lulu’s Fashion Lounge has a 12-month low of $5.10 and a 12-month high of $15.09. The stock has a 50-day moving average of $8.40. The company has a debt ratio of 0.56, a current ratio of 1.14 and a quick ratio of 0.62.

A number of hedge funds have recently changed their positions in the business. The Canada Pension Plan Investment Board acquired a new position in Lulu’s Fashion Lounge during the fourth quarter valued at approximately $76,725,000. Principal Financial Group Inc. purchased a new stake in shares of Lulu’s Fashion Lounge during the fourth quarter, valued at approximately $14,918,000. Teacher Retirement System of Texas purchased a new stake in shares of Lulu’s Fashion Lounge during the fourth quarter, valued at approximately $3,197,000. Leonard Green & Partners LP purchased a new stake in shares of Lulu’s Fashion Lounge during the fourth quarter, valued at approximately $3,069,000. Finally, Retirement Systems of Alabama purchased a new equity stake in Lulu’s Fashion Lounge during the fourth quarter, valued at approximately $2,813,000. 1.14% of the shares are currently held by hedge funds and other institutional investors.

Company Profile Lulu’s Fashion Lounge (Get a rating)

Lulu’s Fashion Lounge Holdings, Inc. operates as an online retailer of women’s clothing, footwear and accessories. It offers dresses, tops, bottoms, bridal wear, underwear, swimwear, shoes and accessories under the Lulus brand. The Company sells its products through owned media, which primarily consists of its website, mobile app, social media platforms, email and SMS; earned media; and paid media which consists of paid advertisements on search engines, such as Google and Bing, as well as social media platforms including Facebook and Instagram.

Further reading

Analyst Recommendations for Lulu's Fashion Lounge (NASDAQ:LVLU)



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