Lulu’s Fashion Lounge (NASDAQ:LVLU) Upgraded to “Hold” at Wall Street Zen

Wall Street Zen upgraded shares of Lulu’s Fashion Lounge (NASDAQ:LVLU) to a hold rating in a report issued on Saturday morning,Wall Street Zen reports.

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

Lulu’s Fashion Lounge Stock Performance

Lulu’s Fashion Lounge stock opened at $11.94 on Friday. The stock has a market capitalization of $34.29 million, a price-to-earnings ratio of -4.06 and a beta of 0.26. Lulu’s Fashion Lounge has a 52-week low of $3.69 and a 52-week high of $32.32. The stock’s 50 day moving average price is $13.80 and its two-hundred day moving average price is $12.01.

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

Hedge Funds Weigh In On Lulu’s Fashion Lounge

A number of institutional investors have recently modified their holdings of LVLU. Birchwood Financial Partners Inc. bought a new position in shares of Lulu’s Fashion Lounge in the 4th quarter worth $25,000. Renaissance Technologies LLC bought a new stake in Lulu’s Fashion Lounge during the 4th quarter valued at $56,000. Finally, Chico Wealth RIA increased its stake in Lulu’s Fashion Lounge by 69.3% during the 4th 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 in the last quarter. 73.79% of the stock is owned by institutional investors and hedge funds.

About Lulu’s Fashion Lounge

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.