Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU) Short Interest Update

Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU – Get Rating) was the target of a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 1,160,000 shares, a growth of 6.4% from the February 13th total of 1,090,000 shares. Based on an average trading volume of 109,000 shares, the days-to-cover ratio is presently 10.6 days. Approximately 9.1% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Robert W. Baird dropped their price target on Lulu’s Fashion Lounge from $7.00 to $5.50 in a research report on Wednesday. Jefferies Financial Group cut Lulu’s Fashion Lounge from a “buy” rating to a “hold” rating and cut their price target for the company from $15.00 to $3.00 in a research note on Wednesday, February 15th. Cowen lowered Lulu’s Fashion Lounge from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $8.00 to $5.50 in a report on Tuesday, November 22nd. The Goldman Sachs Group dropped their price objective on Lulu’s Fashion Lounge from $5.00 to $4.30 and set a “buy” rating on the stock in a report on Wednesday. Finally, Piper Sandler lowered their price target on Lulu’s Fashion Lounge from $11.00 to $3.00 in a report on Wednesday. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $4.58.

Lulu’s Fashion Lounge Trading Down 13.4 %

Lulu’s Fashion Lounge stock opened at $2.32 on Friday. The firm has a 50 day simple moving average of $2.95 and a 200-day simple moving average of $4.07. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.13 and a quick ratio of 0.42. The stock has a market capitalization of $90.32 million, a PE ratio of 29.00 and a beta of -0.02. Lulu’s Fashion Lounge has a 12-month low of $1.93 and a 12-month high of $21.29.

Institutional Trading of Lulu’s Fashion Lounge

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE lifted its position in shares of 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 acquiring an additional 1,358 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Lulu’s Fashion Lounge by 12.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 20,666 shares of the company’s stock worth $96,000 after purchasing an additional 2,217 shares during the last quarter. Northern Trust Corp grew its stake in Lulu’s Fashion Lounge by 5.5% in the 2nd quarter. Northern Trust Corp now owns 48,642 shares of the company’s stock valued at $528,000 after buying an additional 2,532 shares during the last quarter. Quantbot Technologies LP acquired a new position in Lulu’s Fashion Lounge in the 2nd quarter valued at $39,000. Finally, California State Teachers Retirement System grew its stake in Lulu’s Fashion Lounge by 162.4% in the 3rd quarter. California State Teachers Retirement System now owns 6,572 shares of the company’s stock valued at $31,000 after buying an additional 4,067 shares during the last quarter. 54.08% of the stock is owned by institutional investors and hedge funds.

Lulu’s Fashion Lounge Company Profile

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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.