Second Quarter 2022 Earnings Forecast for Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU) Released by Jefferies Financial Group


Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU – Get Rating) – Analysts at Jefferies Financial Group dropped their second-quarter 2022 EPS estimates for Lulu’s Fashion Lounge shares in a report released Thursday, July 28. Jefferies Financial Group analyst R. Konik now expects the company to post earnings per share of $0.16 for the quarter, down from its previous estimate of $0.22. The consensus estimate for Lulu’s Fashion Lounge’s current annual earnings is $0.56 per share. Jefferies Financial Group also released estimates for Lulu’s Fashion Lounge FY2022 earnings at $0.44 EPS, Q1 2023 earnings at $0.16 EPS, Q2 2023 earnings at $0.17 EPS and FY2023 earnings at $0.64 EPS.

Lulu’s Fashion Lounge (NASDAQ:LVLU – Get Rating) last announced its quarterly results on Tuesday, May 17. The company reported EPS of $0.05 for the quarter, reaching the consensus estimate of $0.05. The company posted revenue of $111.90 million for the quarter, versus analyst estimates of $97.50 million.

Several other analysts have also recently weighed in on LVLU. Cowen lowered his target price on shares of Lulu’s Fashion Lounge from $22.00 to $12.00 in a report on Friday. Bank of America downgraded shares of Lulu’s Fashion Lounge from a “buy” rating to a “neutral” rating and raised its price target for the stock from $14.00 to $21.00 in a Friday report June 10. Goldman Sachs Group cut 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 report. Robert W. Baird cut his price target on shares of Lulu’s Fashion Lounge from $17.00 to $10.00 and set an “outperform” rating on the stock in a report on Friday. Finally, Piper Sandler downgraded shares of Lulu’s Fashion Lounge from an “overweight” rating to a “neutral” rating and lowered her price target for the company from $17.00 to $14.00 in a research report Friday, July 22. Two equity research analysts gave the stock a hold rating and six gave the stock a buy rating. According to MarketBeat, Lulu’s Fashion Lounge currently has an average rating of “Moderate Buy” and an average target price of $14.33.

Lulu’s Fashion Salon Price Performance

The NASDAQ LVLU opened at $5.60 on Monday. The company has a debt ratio of 0.28, a quick ratio of 0.48 and a current ratio of 1.00. Lulu’s Fashion Lounge has a one-year minimum of $5.10 and a one-year maximum of $21.29. The company’s fifty-day moving average is $12.75 and its two-hundred-day moving average is $10.25.

Institutional entries and exits

A number of large investors have recently increased or reduced their stake in LVLU. The New York State Common Retirement Fund acquired a new stake in shares of Lulu’s Fashion Lounge in Q4 for a value of approximately $25,000. Allspring Global Investments Holdings LLC acquired a new position in Lulu’s Fashion Lounge during Q1 worth approximately $39,000. Bank of America Corp DE increased its stake in Lulu’s Fashion Lounge by 27.5% in Q1. Bank of America Corp DE now owns 6,304 shares of the company valued at $42,000 after purchasing an additional 1,358 shares during the period. Envestnet Asset Management Inc. increased its position in Lulu’s Fashion Lounge shares by 45.1% during the first quarter. Envestnet Asset Management Inc. now owns 19,609 shares of the company valued at $133,000 after buying an additional 6,091 shares last quarter. Finally, Bank of New York Mellon Corp bought a new stock position in Lulu’s Fashion Lounge during Q1 for a value of approximately $139,000. 51.34% of the shares are currently held by institutional investors.

Lulu’s Fashion Lounge Company Profile

(Get a rating)

Lulu’s Fashion Lounge Holdings, Inc. operates as an online retailer of women’s clothing, footwear and accessories. The company offers dresses, tops, bottoms, bridal wear, underwear, swimwear, shoes 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.

Recommended Stories

Earnings History and Estimates for Lulu's Fashion Lounge (NASDAQ:LVLU)



Get news and reviews for Lulu’s Fashion Lounge Daily – Enter your email address below to receive a concise daily summary of breaking news and analyst ratings for Lulu’s Fashion Lounge and related companies with MarketBeat.com’s free daily email newsletter.

Comments are closed.