Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. reduced its stake in Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLUFree Report) by 1.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,191,495 shares of the company’s stock after selling 24,636 shares during the period. Principal Financial Group Inc. owned 5.46% of Lulu’s Fashion Lounge worth $4,405,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Sequoia Financial Advisors LLC bought a new position in shares of Lulu’s Fashion Lounge during the second quarter valued at approximately $79,000. AWM Investment Company Inc. lifted its position in Lulu’s Fashion Lounge by 33.1% during the second quarter. AWM Investment Company Inc. now owns 200,000 shares of the company’s stock valued at $506,000 after acquiring an additional 49,768 shares during the last quarter. Institutional Venture Management XVI LLC lifted its position in Lulu’s Fashion Lounge by 0.4% during the second quarter. Institutional Venture Management XVI LLC now owns 3,770,625 shares of the company’s stock valued at $9,540,000 after acquiring an additional 16,149 shares during the last quarter. Paradigm Capital Management Inc. NY lifted its position in Lulu’s Fashion Lounge by 13.5% during the second quarter. Paradigm Capital Management Inc. NY now owns 80,000 shares of the company’s stock valued at $202,000 after acquiring an additional 9,501 shares during the last quarter. Finally, Prosperity Financial Group Inc. purchased a new stake in Lulu’s Fashion Lounge during the second quarter valued at approximately $49,000. 51.44% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. 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 report on Wednesday, November 1st. BTIG Research reissued a “neutral” rating on shares of Lulu’s Fashion Lounge in a research report on Thursday, November 9th. Finally, The Goldman Sachs Group decreased their price target on shares of Lulu’s Fashion Lounge from $2.25 to $2.00 and set a “neutral” rating for the company in a report on Thursday, November 9th. Five research analysts have rated the stock with a hold rating, According to MarketBeat.com, Lulu’s Fashion Lounge has a consensus rating of “Hold” and an average target price of $3.00.

Get Our Latest Research Report on LVLU

Lulu’s Fashion Lounge Trading Down 1.0 %

NASDAQ LVLU opened at $2.05 on Thursday. The company has a current ratio of 1.09, a quick ratio of 0.44 and a debt-to-equity ratio of 0.17. The company has a fifty day simple moving average of $2.09 and a two-hundred day simple moving average of $2.14. Lulu’s Fashion Lounge Holdings, Inc. has a 12-month low of $1.44 and a 12-month high of $3.98. The stock has a market cap of $82.96 million, a P/E ratio of -4.56 and a beta of 0.21.

Lulu’s Fashion Lounge (NASDAQ:LVLUGet Free Report) last issued its earnings results on Wednesday, November 8th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.03). The business had revenue of $83.12 million for the quarter, compared to analysts’ expectations of $85.13 million. Lulu’s Fashion Lounge had a negative return on equity of 26.89% and a negative net margin of 4.67%. On average, analysts forecast that Lulu’s Fashion Lounge Holdings, Inc. will post -0.41 earnings per share for the current year.

Lulu’s Fashion Lounge Company Profile

(Free Report)

Lulu's Fashion Lounge Holdings, Inc operates as an online retailer of women's clothing, shoes, and accessories. The company offers dresses, tops, bottoms, wedding dresses, intimates and sleepwear, swimwear, footwear, and accessories under the Lulus brand. It sells its products through owned media, which primarily consists of its website, mobile app, social media, email, and SMS; and earned and paid media, as well as social media platforms.

Further Reading

Want to see what other hedge funds are holding LVLU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLUFree Report).

Institutional Ownership by Quarter for Lulu's Fashion Lounge (NASDAQ:LVLU)

Receive News & Ratings for Lulu's Fashion Lounge Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lulu's Fashion Lounge and related companies with MarketBeat.com's FREE daily email newsletter.