Lulu’s Fashion Lounge Holdings, Inc. Expected to Post Q2 2022 Earnings of $0.22 Per Share (NASDAQ:LVLU)
Lulu’s Style Lounge Holdings, Inc. (NASDAQ:LVLU – Get Rating) – Financial commitment analysts at Jefferies Economical Group dropped their Q2 2022 EPS estimates for Lulu’s Manner Lounge in a report produced on Wednesday, May 18th. Jefferies Money Group analyst R. Konik now expects that the firm will generate $.22 for every share for the quarter, down from their prior estimate of $.28. Jefferies Economical Team also issued estimates for Lulu’s Trend Lounge’s FY2022 earnings at $.58 EPS, Q2 2023 earnings at $.24 EPS, Q3 2023 earnings at $.20 EPS and Q4 2023 earnings at $.21 EPS.
Lulu’s Fashion Lounge (NASDAQ:LVLU – Get Ranking) past issued its quarterly earnings details on Thursday, March 31st. The company described ($.03) earnings for each share for the quarter, beating the consensus estimate of ($.08) by $.05. The firm experienced income of $96.76 million in the course of the quarter, in contrast to the consensus estimate of $93.10 million.
Several other research companies also lately commented on LVLU. KeyCorp lowered their cost focus on on shares of Lulu’s Style Lounge from $18.00 to $15.00 and established an “overweight” rating on the inventory in a investigate observe on Thursday, January 20th. Zacks Financial commitment Investigation downgraded shares of Lulu’s Vogue Lounge from a “buy” rating to a “hold” ranking in a study be aware on Friday. The Goldman Sachs Group lowered their price objective on shares of Lulu’s Style Lounge from $33.00 to $15.00 and set a “buy” score on the inventory in a investigation notice on Monday, April 4th. Eventually, Cowen reiterated a “buy” ranking and established a $15.00 rate goal on shares of Lulu’s Fashion Lounge in a investigation notice on Friday, April 1st. A person analyst has rated the inventory with a hold rating and 8 have issued a invest in score to the company’s stock. According to information from MarketBeat.com, the company has an average rating of “Buy” and an common selling price concentrate on of $15.86.
Shares of LVLU opened at $11.60 on Friday. The company has a 50-working day going common of $8.47. Lulu’s Manner Lounge has a fifty-two week small of $5.10 and a fifty-two week substantial of $15.09. The enterprise has a financial debt-to-equity ratio of .28, a brief ratio of .62 and a recent ratio of 1.00.
Institutional buyers have lately additional to or lessened their stakes in the business. New York Condition Typical Retirement Fund acquired a new place in Lulu’s Fashion Lounge during the 4th quarter really worth close to $25,000. Citigroup Inc. bought a new stake in shares of Lulu’s Style Lounge in the 4th quarter valued at $26,000. California State Academics Retirement Program acquired a new stake in shares of Lulu’s Vogue Lounge in the 4th quarter valued at $33,000. Deutsche Financial institution AG acquired a new stake in shares of Lulu’s Manner Lounge in the 4th quarter valued at $36,000. Finally, Wells Fargo & Enterprise MN acquired a new stake in shares of Lulu’s Style Lounge in the 4th quarter valued at $37,000. Hedge money and other institutional traders personal 51.34% of the company’s inventory.
About Lulu’s Trend Lounge (Get Ranking)
Lulu’s Trend Lounge Holdings, Inc operates as an on the net retailer of women’s apparel, shoes, and extras. It delivers dresses, tops, bottoms, bridal put on, intimates, swimwear, footwear, and accessories below the Lulus model. The enterprise sells its solutions through owned media, which principally consists of its site, cellular application, social media platforms, email, and SMS acquired media and compensated media that consists of paid out advertisement on look for engines, such as Google and Bing, as very well as social media platforms comprising Facebook and Instagram.
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