Principal Financial Group Inc. Sells 1,604,269 Shares of Lulu’s Fashion Lounge Holdings, Inc. $LVLU

Principal Financial Group Inc. lessened its position in Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU) by 99.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 10,000 shares of the company’s stock after selling 1,604,269 shares during the period. Principal Financial Group Inc. owned about 0.36% of Lulu’s Fashion Lounge worth $48,000 as of its most recent SEC filing.

Separately, Chico Wealth RIA purchased a new position in Lulu’s Fashion Lounge in the 3rd quarter worth approximately $477,000. 73.79% of the stock is currently owned by institutional investors and hedge funds.

Lulu’s Fashion Lounge Stock Down 3.7%

Shares of Lulu’s Fashion Lounge stock opened at $15.24 on Friday. The company has a market cap of $42.21 million, a price-to-earnings ratio of -0.94 and a beta of 0.47. The company’s 50 day moving average is $12.31 and its 200 day moving average is $7.37. Lulu’s Fashion Lounge Holdings, Inc. has a twelve month low of $2.98 and a twelve month high of $32.32.

Wall Street Analysts Forecast Growth

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

Lulu’s Fashion Lounge Company 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.