Short Interest in Lulu's Fashion Lounge Holdings, Inc. (NASDAQ:LVLU) Decreases By 24.7%

Lulu's Fashion Lounge Holdings, Inc. (NASDAQ:LVLU - Get Free Report) saw a significant decline in short interest in October. As of October 31st, there was short interest totalling 129,000 shares, a decline of 24.7% from the October 15th total of 171,400 shares. Approximately 0.9% of the shares of the stock are short sold. Based on an average trading volume of 24,200 shares, the short-interest ratio is currently 5.3 days.

Lulu's Fashion Lounge Stock Up 1.1 %

Shares of LVLU stock traded up $0.01 during trading on Friday, hitting $1.43. The company had a trading volume of 16,779 shares, compared to its average volume of 24,268. The stock's 50-day moving average is $1.52 and its two-hundred day moving average is $1.58. The stock has a market capitalization of $59.73 million, a price-to-earnings ratio of -1.91 and a beta of 0.27. Lulu's Fashion Lounge has a 52 week low of $1.02 and a 52 week high of $2.84.

Lulu's Fashion Lounge (NASDAQ:LVLU - Get Free Report) last posted its quarterly earnings data on Wednesday, August 14th. The company reported ($0.26) earnings per share for the quarter. Lulu's Fashion Lounge had a negative net margin of 9.44% and a negative return on equity of 54.91%. The company had revenue of $91.97 million for the quarter, compared to analysts' expectations of $91.30 million. On average, research analysts predict that Lulu's Fashion Lounge will post -0.61 EPS for the current fiscal year.

Analysts Set New Price Targets

LVLU has been the topic of several recent analyst reports. The Goldman Sachs Group lowered their target price on shares of Lulu's Fashion Lounge from $1.25 to $1.00 and set a "neutral" rating on the stock in a research note on Monday, August 5th. Telsey Advisory Group reiterated a "market perform" rating and issued a $2.00 price objective on shares of Lulu's Fashion Lounge in a research report on Thursday.

Institutional Investors Weigh In On Lulu's Fashion Lounge

A hedge fund recently bought a new stake in Lulu's Fashion Lounge stock. Sweeney & Michel LLC purchased a new position in Lulu's Fashion Lounge Holdings, Inc. (NASDAQ:LVLU - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 51,059 shares of the company's stock, valued at approximately $71,000. Sweeney & Michel LLC owned 0.12% of Lulu's Fashion Lounge at the end of the most recent reporting period. 73.79% of the stock is owned by hedge funds and other institutional investors.

About Lulu's Fashion Lounge

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.