Principal Financial Group Inc. Has $2.92 Million Stake in Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU)

Principal Financial Group Inc. cut its stake in shares of Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU) by 4.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,087,689 shares of the company’s stock after selling 93,707 shares during the quarter. Principal Financial Group Inc. owned 5.05% of Lulu’s Fashion Lounge worth $2,923,000 as of its most recent filing with the Securities and Exchange Commission.

Separately, Victory Capital Management Inc. bought a new position in shares of Lulu’s Fashion Lounge during the fourth quarter worth about $61,000. Institutional investors and hedge funds own 73.79% of the company’s stock.

Lulu’s Fashion Lounge Stock Up 2.5 %

NASDAQ:LVLU traded up $0.04 during trading hours on Friday, hitting $1.81. The stock had a trading volume of 4,789 shares, compared to its average volume of 24,504. The company has a 50 day simple moving average of $1.74 and a two-hundred day simple moving average of $1.77. Lulu’s Fashion Lounge Holdings, Inc. has a one year low of $1.05 and a one year high of $2.89.

Lulu’s Fashion Lounge (NASDAQ:LVLU) last issued its quarterly earnings results on Wednesday, May 8th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.08). Lulu’s Fashion Lounge had a negative net margin of 5.70% and a negative return on equity of 31.36%. The business had revenue of $77.26 million for the quarter, compared to the consensus estimate of $85.60 million. Analysts anticipate that Lulu’s Fashion Lounge Holdings, Inc. will post -0.14 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Telsey Advisory Group reissued a “market perform” rating and set a $3.00 target price on shares of Lulu’s Fashion Lounge in a research note on Thursday, May 9th.

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.