Lulu's Fashion Lounge Gets Price Targets Cuts By Analysts Following Q4 Results

Lulu's Fashion Lounge Holdings, Inc. LVLU reported a wider-than-expected loss for its fourth quarter.

Lulu's Lounge posted quarterly loss of $0.14 per share, versus analysts’ estimates for a loss of $0.11 per share. The company’s sales came in at $90.96 million, topping market estimates of $81.99 million.

Lulu's said it sees FY23 net revenue of $410 million to $430 million, versus expectations of $459.57 million.

Lulu's shares gained 7.1% to trade at $2.25 on Wednesday.

These analysts made changes to their price targets on Lulu's following the release of results.

• Telsey Advisory Group cut the price target on Lulu's from $9 to $5. Telsey Advisory Group analyst Dana Telsey maintained an Outperform rating.
• BTIG slashed the price target on Lulu's from $5 to $4. BTIG analyst Janine Stichter maintained a Buy rating.
• Goldman Sachs cut the price target on the stock from $5 to $4.3. Goldman Sachs analyst Brooke Roach maintained Lulus with a Buy.

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