Principal Financial Group Inc. Trims Position in Lulu’s Fashion Lounge Holdings, Inc. $LVLU

Principal Financial Group Inc. decreased its position in Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU) by 99.4% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,000 shares of the company’s stock after selling 1,604,269 shares during the quarter. Principal Financial Group Inc.’s holdings in Lulu’s Fashion Lounge were worth $48,000 at the end of the most recent quarter.

Separately, Chico Wealth RIA purchased a new stake in shares of Lulu’s Fashion Lounge during the 3rd quarter valued at about $477,000. 73.79% of the stock is currently owned by institutional investors.

Lulu’s Fashion Lounge Stock Performance

NASDAQ:LVLU opened at $15.24 on Friday. The stock has a 50-day simple moving average of $12.31 and a two-hundred day simple moving average of $7.37. The firm has a market capitalization of $42.21 million, a PE ratio of -0.94 and a beta of 0.47. Lulu’s Fashion Lounge Holdings, Inc. has a 52-week low of $2.98 and a 52-week high of $32.32.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Lulu’s Fashion Lounge in a report on Friday, January 9th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Lulu’s Fashion Lounge currently has an average rating of “Reduce” and a consensus target price of $15.00.

Lulu’s Fashion Lounge Profile

Lulu’s Fashion Lounge, Inc is a publicly traded e-commerce apparel retailer that specializes in women’s fashion. Headquartered in Chico, California, the company operates under the “Lulus” brand, offering a curated selection of apparel, footwear and accessories designed to meet the trends and needs of a diverse female audience. Since completing its initial public offering and listing on the NASDAQ under the ticker symbol LVLU, Lulu’s has focused on expanding its direct-to-consumer business model and enhancing its online platform to drive global reach.

The company’s core product portfolio includes dresses, tops, denim, swimwear, jumpsuits and outerwear, complemented by a range of shoes, jewelry and handbags.