Principal Financial Group Inc. Lowers Stake in Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU)

Principal Financial Group Inc. lessened its position in Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU) by 2.0% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 1,982,409 shares of the company’s stock after selling 39,953 shares during the period. Principal Financial Group Inc.’s holdings in Lulu’s Fashion Lounge were worth $3,172,000 at the end of the most recent quarter.

Separately, Geode Capital Management LLC grew its stake in Lulu’s Fashion Lounge by 6.4% in the 3rd quarter. Geode Capital Management LLC now owns 170,064 shares of the company’s stock worth $272,000 after acquiring an additional 10,193 shares during the period. Institutional investors own 73.79% of the company’s stock.

Lulu’s Fashion Lounge Price Performance

Shares of LVLU stock opened at $1.14 on Friday. The firm’s 50-day simple moving average is $1.26 and its 200-day simple moving average is $1.44. Lulu’s Fashion Lounge Holdings, Inc. has a 1-year low of $0.97 and a 1-year high of $2.15. The firm has a market cap of $47.92 million, a P/E ratio of -1.52 and a beta of 0.20.

Wall Street Analyst Weigh In

Separately, Telsey Advisory Group restated a “market perform” rating and set a $2.00 price objective on shares of Lulu’s Fashion Lounge in a 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.