Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU) Short Interest Down 24.7% in October

Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU) saw a large decrease in short interest in the month of October. As of October 31st, there was short interest totalling 129,000 shares, a decrease of 24.7% from the October 15th total of 171,400 shares. Based on an average daily volume of 24,200 shares, the days-to-cover ratio is currently 5.3 days. Approximately 0.9% of the company’s shares are short sold.

Lulu’s Fashion Lounge Trading Up 1.1 %

Shares of LVLU stock traded up $0.01 on Friday, hitting $1.43. The stock had a trading volume of 16,779 shares, compared to its average volume of 33,474. Lulu’s Fashion Lounge has a twelve month low of $1.02 and a twelve month high of $2.84. The company has a fifty day moving average price of $1.52 and a two-hundred day moving average price of $1.58. The firm has a market cap of $59.73 million, a P/E ratio of -1.91 and a beta of 0.27.

Lulu’s Fashion Lounge (NASDAQ:LVLU) last posted its earnings results on Wednesday, August 14th. The company reported ($0.26) earnings per share (EPS) for the quarter. Lulu’s Fashion Lounge had a negative net margin of 9.44% and a negative return on equity of 58.04%. The business had revenue of $91.97 million during the quarter, compared to analyst estimates of $91.30 million. On average, analysts expect that Lulu’s Fashion Lounge will post -0.74 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently commented on LVLU. Telsey Advisory Group reiterated a “market perform” rating and issued a $2.00 price objective on shares of Lulu’s Fashion Lounge in a report on Thursday. The Goldman Sachs Group decreased their target price on Lulu’s Fashion Lounge from $1.25 to $1.00 and set a “neutral” rating for the company in a research report on Monday, August 5th.

Hedge Funds Weigh In On Lulu’s Fashion Lounge

An institutional investor recently bought a new position in Lulu’s Fashion Lounge stock. Sweeney & Michel LLC bought a new position in shares of Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 51,059 shares of the company’s stock, valued at approximately $71,000. Sweeney & Michel LLC owned 0.12% of Lulu’s Fashion Lounge as of its most recent filing with the SEC. Institutional investors and hedge funds own 73.79% of the company’s stock.

Lulu’s Fashion Lounge Company Profile

Lulu's Fashion Lounge Holdings, Inc operates as an online retailer of women's apparel, footwear, and accessories. The company offers formals, casuals, dresses, tops, bottoms, wedding dresses, rompers and jumpsits, intimates and sleepwear, swimwear, shoes, and accessories under the Lulus brand.