Principal Financial Group Inc. Sells 39,953 Shares of Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU)

Principal Financial Group Inc. reduced its holdings in shares of Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU) by 2.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,982,409 shares of the company’s stock after selling 39,953 shares during the quarter. Principal Financial Group Inc. owned about 4.75% of Lulu’s Fashion Lounge worth $3,172,000 at the end of the most recent quarter.

Separately, Sweeney & Michel LLC bought a new position in shares of Lulu’s Fashion Lounge in the first quarter worth $71,000. Institutional investors and hedge funds own 73.79% of the company’s stock.

Lulu’s Fashion Lounge Price Performance

NASDAQ LVLU opened at $1.24 on Friday. The company’s 50 day simple moving average is $1.51 and its two-hundred day simple moving average is $1.58. Lulu’s Fashion Lounge Holdings, Inc. has a 1 year low of $1.02 and a 1 year high of $2.84. The stock has a market capitalization of $52.12 million, a PE ratio of -1.67 and a beta of 0.27.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on LVLU. The Goldman Sachs Group decreased their price objective on 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 set a $2.00 price target on shares of Lulu’s Fashion Lounge in a research report on Thursday, November 14th.

Lulu’s Fashion Lounge 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.