Short-term stake in Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU) increases 38.9%



Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ: LVLUGet a rating) benefited from significant growth in short-term interest in April. As of April 15, there were short interests totaling 280,400 shares, up 38.9% from the March 31 total of 201,800 shares. Based on an average daily trading volume of 111,800 shares, the short interest ratio is currently 2.5 days. Currently, 2.1% of the company’s shares are sold short.

A number of research analysts have recently released reports on LVLU shares. Zacks Investment Research upgraded shares of Lulu’s Fashion Lounge from a “hold” rating to a “buy” rating and set a price target of $8.75 for the company in a Tuesday, April 5 report. Goldman Sachs Group lowered 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, April 4 report. KeyCorp lowered its price target on shares of Lulu’s Fashion Lounge from $18.00 to $15.00 and set an “overweight” rating on the stock in a Thursday, January 20 report. Finally, Cowen reaffirmed a “buy” rating and issued a target price of $15.00 on Lulu’s Fashion Lounge shares in a report on Friday, April 1. Nine analysts rated the stock with a buy rating. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $15.86.

Lulu’s Fashion Salon Stock traded at $0.34 during midday trading on Friday, reaching $9.64. 202,193 shares were traded, against an average volume of 175,136. Lulu’s Fashion Lounge has a 52-week low of $5.10 and a 52-week high of $15.09. The stock’s 50-day simple moving average is $8.16. The company has a debt ratio of 0.56, a quick ratio of 0.62 and a current ratio of 1.14.

A number of institutional investors have recently increased or reduced their stake in the stock. The Canada Pension Plan Investment Board purchased a new position at Lulu’s Fashion Lounge during the fourth quarter for a value of approximately $76,725,000. Principal Financial Group Inc. acquired a new stake in Lulu’s Fashion Lounge during the fourth quarter for a value of approximately $14,918,000. Teacher Retirement System of Texas purchased a new stake in Lulu’s Fashion Lounge during the fourth quarter valued at approximately $3,197,000. Leonard Green & Partners LP purchased a new stake in Lulu’s Fashion Lounge during the fourth quarter for a valuation of approximately $3,069,000. Finally, Retirement Systems of Alabama purchased a new stake in Lulu’s Fashion Lounge during the fourth quarter valued at approximately $2,813,000. Institutional investors and hedge funds own 1.14% of the company’s shares.

About Lulu’s Fashion Salon (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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