Pentwater Capital Management LP Invests $1.95 Million in Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU)

Pentwater Capital Management LP acquired a new stake in Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU – Get Rating) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 190,404 shares of the company’s stock, valued at approximately $1,948,000. Pentwater Capital Management LP owned 0.50% of Lulu’s Fashion Lounge at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. bought a new position in shares of Lulu’s Fashion Lounge in the fourth quarter valued at approximately $14,918,000. Teacher Retirement System of Texas bought a new position in shares of Lulu’s Fashion Lounge in the fourth quarter valued at approximately $3,197,000. Retirement Systems of Alabama bought a new position in shares of Lulu’s Fashion Lounge in the fourth quarter valued at approximately $2,813,000. Kornitzer Capital Management Inc. KS bought a new position in shares of Lulu’s Fashion Lounge in the fourth quarter valued at approximately $959,000. Finally, Northern Trust Corp bought a new position in shares of Lulu’s Fashion Lounge in the fourth quarter valued at approximately $489,000. Institutional investors own 51.34% of the company’s stock.

Shares of LVLU traded up $1.29 during mid-day trading on Tuesday, reaching $10.05. The company’s stock had a trading volume of 292,725 shares, compared to its average volume of 112,906. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.62 and a current ratio of 1.14. Lulu’s Fashion Lounge Holdings, Inc. has a 52 week low of $5.10 and a 52 week high of $15.09. The stock’s fifty day moving average price is $8.24.

Several equities research analysts have issued reports on the stock. Cowen reiterated a “buy” rating and set a $15.00 target price on shares of Lulu’s Fashion Lounge in a research report on Friday, April 1st. The Goldman Sachs Group dropped their target price on shares of Lulu’s Fashion Lounge from $33.00 to $15.00 and set a “buy” rating for the company in a research report on Monday, April 4th. Zacks Investment Research upgraded shares of Lulu’s Fashion Lounge from a “hold” rating to a “buy” rating and set a $8.75 target price for the company in a research report on Tuesday, April 5th. Finally, KeyCorp dropped their target price on shares of Lulu’s Fashion Lounge from $18.00 to $15.00 and set an “overweight” rating for the company in a research report on Thursday, January 20th. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Lulu’s Fashion Lounge has a consensus rating of “Buy” and an average target price of $15.86.

Lulu’s Fashion Lounge Company Profile (Get Rating)

Lulu's Fashion Lounge Holdings, Inc operates as an online retailer of women's clothing, shoes, and accessories. It offers dresses, tops, bottoms, bridal wear, intimates, swimwear, footwear, 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 that consists of paid advertisement on search engines, such as Google and Bing, as well as social media platforms comprising Facebook and Instagram.

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