Principal Financial Group Inc. Reduces Stock Position in Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU)

Principal Financial Group Inc. decreased its position in shares of Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU) by 2.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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 4.72% of Lulu’s Fashion Lounge worth $3,172,000 at the end of the most recent quarter.

Separately, Geode Capital Management LLC raised its holdings in Lulu’s Fashion Lounge by 6.4% during the third quarter. Geode Capital Management LLC now owns 170,064 shares of the company’s stock worth $272,000 after purchasing an additional 10,193 shares during the last quarter. 73.79% of the stock is currently owned by institutional investors and hedge funds.

Lulu’s Fashion Lounge Stock Performance

Shares of LVLU opened at $1.14 on Friday. Lulu’s Fashion Lounge Holdings, Inc. has a 12-month low of $0.97 and a 12-month high of $2.15. The stock has a market cap of $47.92 million, a P/E ratio of -1.52 and a beta of 0.20. The company has a 50-day moving average of $1.26 and a two-hundred day moving average of $1.44.

Wall Street Analysts Forecast Growth

Separately, Telsey Advisory Group reissued a “market perform” rating and issued a $2.00 target price on shares of Lulu’s Fashion Lounge in a report on Thursday, November 14th.

Lulu’s Fashion Lounge Company 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.