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

Principal Financial Group Inc. trimmed its stake in Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU) by 2.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund 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 as of its most recent SEC filing.

Separately, Sweeney & Michel LLC purchased a new position in Lulu’s Fashion Lounge in the 1st quarter worth approximately $71,000. 73.79% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on LVLU. Telsey Advisory Group restated a “market perform” rating and set a $2.00 price objective on shares of Lulu’s Fashion Lounge in a research report on Thursday, November 14th. The Goldman Sachs Group lowered their price target on Lulu’s Fashion Lounge from $1.25 to $1.00 and set a “neutral” rating on the stock in a research report on Monday, August 5th.

Lulu’s Fashion Lounge Price Performance

Shares of LVLU opened at $1.24 on Friday. 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 50 day simple moving average of $1.51 and a two-hundred day simple moving average of $1.58. The firm has a market cap of $52.12 million, a P/E ratio of -1.67 and a beta of 0.27.

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.