Lulu’s Fashion Lounge (NASDAQ:LVLU) Stock Scheduled to Reverse Split on Monday, July 7th

Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLUFree Report)’s stock is scheduled to reverse split on the morning of Monday, July 7th. The 1-15 reverse split was announced on Thursday, June 26th. The number of shares owned by shareholders will be adjusted after the closing bell on Thursday, July 3rd.

Lulu’s Fashion Lounge Trading Down 15.5%

Shares of Lulu’s Fashion Lounge stock opened at $0.30 on Friday. Lulu’s Fashion Lounge has a 1 year low of $0.30 and a 1 year high of $1.93. The company has a market cap of $12.73 million, a P/E ratio of -0.22 and a beta of 0.43. The stock has a 50-day moving average price of $0.42 and a 200 day moving average price of $0.64.

Lulu’s Fashion Lounge (NASDAQ:LVLUGet Free Report) last released its earnings results on Wednesday, May 14th. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.09). The business had revenue of $64.16 million for the quarter, compared to analysts’ expectations of $68.17 million. Lulu’s Fashion Lounge had a negative net margin of 19.01% and a negative return on equity of 103.82%. On average, equities analysts forecast that Lulu’s Fashion Lounge will post -0.74 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Telsey Advisory Group reduced their price objective on Lulu’s Fashion Lounge from $2.00 to $1.00 and set a “market perform” rating for the company in a research report on Friday, March 28th.

View Our Latest Analysis on LVLU

About Lulu’s Fashion Lounge

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Lulu’s Fashion Lounge Holdings, Inc engages in providing an online website for clothing. It offers retailing of women’s clothing, shoes, and accessories. The company was founded in 1996 and is headquartered in Chico, CA.

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