Lulu’s Fashion Lounge (NASDAQ:LVLU) Stock Price Up 0.4% – Still a Buy?

Shares of Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU) were up 0.4% during trading on Tuesday . The company traded as high as $5.55 and last traded at $5.52. Approximately 17,317 shares traded hands during mid-day trading, a decline of 24% from the average daily volume of 22,664 shares. The stock had previously closed at $5.50.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Wall Street Zen raised shares of Lulu’s Fashion Lounge to a “sell” rating in a research report on Saturday, September 13th. Weiss Ratings restated a “sell (e+)” rating on shares of Lulu’s Fashion Lounge in a research note on Tuesday, October 14th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $15.00.

Lulu’s Fashion Lounge Stock Up 0.4%

The firm has a market capitalization of $15.29 million, a PE ratio of -0.34 and a beta of 0.38. The firm’s 50 day moving average price is $5.10 and its two-hundred day moving average price is $4.87.

Lulu’s Fashion Lounge (NASDAQ:LVLU) last released its quarterly earnings results on Wednesday, November 12th. The company reported ($0.84) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.90) by $0.06. Lulu’s Fashion Lounge had a negative net margin of 15.83% and a negative return on equity of 251.91%. The firm had revenue of $73.59 million for the quarter, compared to the consensus estimate of $75.68 million. On average, sell-side analysts anticipate that Lulu’s Fashion Lounge Holdings, Inc. will post -0.74 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Lulu’s Fashion Lounge stock. Chico Wealth RIA purchased a new stake in Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 101,432 shares of the company’s stock, valued at approximately $477,000. Lulu’s Fashion Lounge comprises 0.3% of Chico Wealth RIA’s investment portfolio, making the stock its 22nd largest position. Chico Wealth RIA owned about 3.69% of Lulu’s Fashion Lounge at the end of the most recent reporting period. Institutional investors 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.