Lulu’s Fashion Lounge Holdings, Inc. Expected to Post Q2 2022 Earnings of $0.22 Per Share (NASDAQ:LVLU)
Lulu’s Manner Lounge Holdings, Inc. (NASDAQ:LVLU – Get Ranking) – Financial investment analysts at Jefferies Economic Team dropped their Q2 2022 EPS estimates for Lulu’s Vogue Lounge in a report introduced on Wednesday, May 18th. Jefferies Economical Team analyst R. Konik now expects that the company will generate $.22 for each share for the quarter, down from their prior estimate of $.28. Jefferies Monetary Group also issued estimates for Lulu’s Vogue Lounge’s FY2022 earnings at $.58 EPS, Q2 2023 earnings at $.24 EPS, Q3 2023 earnings at $.20 EPS and Q4 2023 earnings at $.21 EPS.
Lulu’s Trend Lounge (NASDAQ:LVLU – Get Score) previous issued its quarterly earnings information on Thursday, March 31st. The enterprise documented ($.03) earnings for every share for the quarter, beating the consensus estimate of ($.08) by $.05. The organization had profits of $96.76 million all through the quarter, in contrast to the consensus estimate of $93.10 million.
Various other investigate corporations also not long ago commented on LVLU. KeyCorp lessened their price tag concentrate on on shares of Lulu’s Trend Lounge from $18.00 to $15.00 and set an “overweight” score on the inventory in a exploration observe on Thursday, January 20th. Zacks Expenditure Analysis downgraded shares of Lulu’s Manner Lounge from a “buy” score to a “hold” rating in a analysis notice on Friday. The Goldman Sachs Team decreased their value objective on shares of Lulu’s Manner Lounge from $33.00 to $15.00 and established a “buy” score on the stock in a investigate observe on Monday, April 4th. At last, Cowen reiterated a “buy” ranking and established a $15.00 price objective on shares of Lulu’s Vogue Lounge in a investigation observe on Friday, April 1st. One particular analyst has rated the inventory with a maintain ranking and eight have issued a get rating to the company’s inventory. According to information from MarketBeat.com, the firm has an average score of “Buy” and an typical cost focus on of $15.86.
Shares of LVLU opened at $11.60 on Friday. The enterprise has a 50-day going regular of $8.47. Lulu’s Vogue Lounge has a fifty-two week minimal of $5.10 and a fifty-two week significant of $15.09. The firm has a credit card debt-to-fairness ratio of .28, a swift ratio of .62 and a existing ratio of 1.00.
Institutional investors have not too long ago added to or decreased their stakes in the business enterprise. New York Condition Typical Retirement Fund acquired a new position in Lulu’s Trend Lounge in the course of the 4th quarter worth close to $25,000. Citigroup Inc. acquired a new stake in shares of Lulu’s Manner Lounge in the 4th quarter valued at $26,000. California Condition Instructors Retirement Process acquired a new stake in shares of Lulu’s Fashion Lounge in the 4th quarter valued at $33,000. Deutsche Lender AG purchased a new stake in shares of Lulu’s Style Lounge in the 4th quarter valued at $36,000. Lastly, Wells Fargo & Corporation MN bought a new stake in shares of Lulu’s Manner Lounge in the 4th quarter valued at $37,000. Hedge money and other institutional buyers have 51.34% of the company’s stock.
About Lulu’s Trend Lounge (Get Ranking)
Lulu’s Trend Lounge Holdings, Inc operates as an on the internet retailer of women’s clothes, footwear, and extras. It presents attire, tops, bottoms, bridal dress in, intimates, swimwear, footwear, and extras under the Lulus brand. The enterprise sells its solutions via owned media, which primarily is made up of its web page, mobile application, social media platforms, e mail, and SMS earned media and paid media that is made up of paid out ad on research engines, such as Google and Bing, as perfectly as social media platforms comprising Fb and Instagram.
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