Wall Street brokers expect Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU – Get Rating) to report sales of $135.17 million for the current fiscal quarter, according to Zacks. Three analysts have released earnings estimates for Lulu’s Fashion Lounge, with the highest sales estimate at $135.70 million and the lowest estimate at $134.80 million. The company is due to release its next earnings report on Monday, January 1.
According to Zacks, analysts expect Lulu’s Fashion Lounge to record annual sales of $499.23 million for the current fiscal year, with estimates ranging from $498.80 million to $500.00 million. . For the next fiscal year, analysts expect the company to record sales of $615.27 million, with estimates ranging from $609.10 million to $619.00 million. Zacks sales averages are an average based on a survey of sell-side research analysts who cover Lulu’s Fashion Lounge.
Lulu’s Fashion Lounge (NASDAQ:LVLU – Get Rating) last reported quarterly earnings data on Thursday, March 31. The company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.05. The company posted revenue of $96.76 million for the quarter, versus $93.10 million expected by analysts.
LVLU has been the subject of a number of recent analyst reports. In a research report on Friday, Zacks Investment Research downgraded shares of Lulu’s Fashion Lounge from a “buy” rating to a “hold” rating. Cowen reiterated a “buy” rating and posted a target price of $15.00 on Lulu’s Fashion Lounge shares in a research note on Friday, April 1. Finally, 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 research note. April 4. One investment analyst gave the stock a hold rating and eight gave the company a buy rating. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $15.86.
Hedge funds and other institutional investors have recently increased or reduced their stakes in the stock. The New York State Common Retirement Fund purchased a new stake in shares of Lulu’s Fashion Lounge in the fourth quarter for a value of approximately $25,000. Citigroup Inc. acquired a new position in Lulu’s Fashion Lounge during the fourth quarter worth approximately $26,000. California State Teachers Retirement System acquired a new stake in shares of Lulu’s Fashion Lounge in the fourth quarter, valued at approximately $33,000. Deutsche Bank AG acquired a new stake in shares of Lulu’s Fashion Lounge in the fourth quarter, valued at approximately $36,000. Finally, Wells Fargo & Company MN acquired a new stake in Lulu’s Fashion Lounge during Q4 for a value of approximately $37,000. Institutional investors and hedge funds own 51.34% of the company’s shares.
NASDAQ:LVLU shares opened at $11.37 on Friday. The company has a debt ratio of 0.28, a current ratio of 1.00 and a quick ratio of 0.62. Lulu’s Fashion Lounge has a 52 week low of $5.10 and a 52 week high of $15.09. The company has a 50-day moving average price of $8.57.
Company Profile Lulu’s Fashion Lounge (Get a rating)
Lulu’s Fashion Lounge Holdings, Inc. operates as an online retailer of women’s clothing, footwear and accessories. It offers dresses, tops, bottoms, bridal wear, underwear, swimwear, shoes and accessories under the Lulus brand. The Company sells its products through owned media, which primarily consists of its website, mobile app, social media platforms, email and SMS; earned media; and paid media which consists of paid advertisements on search engines, such as Google and Bing, as well as social media platforms including Facebook and Instagram.
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