Lulu’s Fashion Lounge Holdings, Inc. Expected to Post Q2 2022 Earnings of $0.22 Per Share (NASDAQ:LVLU)
Lulu’s Vogue Lounge Holdings, Inc. (NASDAQ:LVLU – Get Rating) – Investment decision analysts at Jefferies Economic Team dropped their Q2 2022 EPS estimates for Lulu’s Fashion Lounge in a report launched on Wednesday, May possibly 18th. Jefferies Economical Group analyst R. Konik now expects that the corporation will gain $.22 for every share for the quarter, down from their prior estimate of $.28. Jefferies Monetary Team also issued estimates for Lulu’s Manner Lounge’s FY2022 earnings at $.58 EPS, Q2 2023 earnings at $.24 EPS, Q3 2023 earnings at $.20 EPS and Q4 2023 earnings at $.21 EPS.
Lulu’s Style Lounge (NASDAQ:LVLU – Get Ranking) final issued its quarterly earnings data on Thursday, March 31st. The company noted ($.03) earnings per share for the quarter, beating the consensus estimate of ($.08) by $.05. The corporation had profits of $96.76 million through the quarter, in comparison to the consensus estimate of $93.10 million.
Numerous other investigation companies also recently commented on LVLU. KeyCorp lessened their selling price goal on shares of Lulu’s Vogue Lounge from $18.00 to $15.00 and established an “overweight” score on the inventory in a investigate note on Thursday, January 20th. Zacks Investment Investigate downgraded shares of Lulu’s Trend Lounge from a “buy” ranking to a “hold” rating in a analysis notice on Friday. The Goldman Sachs Group lowered their price goal on shares of Lulu’s Trend Lounge from $33.00 to $15.00 and set a “buy” rating on the inventory in a exploration observe on Monday, April 4th. Eventually, Cowen reiterated a “buy” ranking and set a $15.00 rate aim on shares of Lulu’s Manner Lounge in a investigate be aware on Friday, April 1st. A single analyst has rated the inventory with a maintain ranking and eight have issued a get ranking to the company’s stock. According to knowledge from MarketBeat.com, the company has an common rating of “Buy” and an average value target of $15.86.
Shares of LVLU opened at $11.60 on Friday. The company has a 50-working day shifting ordinary of $8.47. Lulu’s Vogue Lounge has a fifty-two 7 days low of $5.10 and a fifty-two 7 days substantial of $15.09. The enterprise has a personal debt-to-equity ratio of .28, a swift ratio of .62 and a present-day ratio of 1.00.
Institutional buyers have lately added to or diminished their stakes in the small business. New York State Popular Retirement Fund acquired a new place in Lulu’s Style Lounge in the course of the 4th quarter well worth roughly $25,000. Citigroup Inc. bought a new stake in shares of Lulu’s Manner Lounge in the 4th quarter valued at $26,000. California Condition Academics Retirement Method acquired a new stake in shares of Lulu’s Vogue Lounge in the 4th quarter valued at $33,000. Deutsche Lender AG acquired a new stake in shares of Lulu’s Fashion Lounge in the 4th quarter valued at $36,000. Ultimately, Wells Fargo & Corporation MN purchased a new stake in shares of Lulu’s Manner Lounge in the 4th quarter valued at $37,000. Hedge funds and other institutional buyers possess 51.34% of the company’s stock.
About Lulu’s Vogue Lounge (Get Rating)
Lulu’s Fashion Lounge Holdings, Inc operates as an online retailer of women’s clothing, shoes, and components. It gives attire, tops, bottoms, bridal have on, intimates, swimwear, footwear, and accessories beneath the Lulus model. The enterprise sells its items via owned media, which principally consists of its internet site, cellular application, social media platforms, e mail, and SMS gained media and compensated media that is composed of compensated advertisement on lookup engines, this sort of as Google and Bing, as nicely as social media platforms comprising Fb and Instagram.
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