Principal Financial Group Inc. Buys 184,249 Shares of Revolve Group, Inc. (NYSE:RVLV)

Principal Financial Group Inc. grew its stake in Revolve Group, Inc. (NYSE:RVLVGet Rating) by 24.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 933,439 shares of the company’s stock after acquiring an additional 184,249 shares during the period. Principal Financial Group Inc. owned 1.27% of Revolve Group worth $24,185,000 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. William Blair Investment Management LLC grew its stake in Revolve Group by 36.3% in the 2nd quarter. William Blair Investment Management LLC now owns 5,816,875 shares of the company’s stock worth $150,715,000 after acquiring an additional 1,549,139 shares in the last quarter. Vanguard Group Inc. grew its stake in Revolve Group by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 3,873,370 shares of the company’s stock worth $207,961,000 after acquiring an additional 48,189 shares in the last quarter. Fisher Asset Management LLC grew its stake in Revolve Group by 91.0% in the 1st quarter. Fisher Asset Management LLC now owns 1,703,038 shares of the company’s stock worth $91,436,000 after acquiring an additional 811,381 shares in the last quarter. Stephens Investment Management Group LLC lifted its position in shares of Revolve Group by 5.7% in the 2nd quarter. Stephens Investment Management Group LLC now owns 1,476,440 shares of the company’s stock worth $38,255,000 after purchasing an additional 79,050 shares during the period. Finally, Wellington Management Group LLP lifted its position in shares of Revolve Group by 41.9% in the 1st quarter. Wellington Management Group LLP now owns 885,004 shares of the company’s stock worth $47,516,000 after purchasing an additional 261,438 shares during the period. 71.06% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on RVLV shares. Piper Sandler lowered their price target on shares of Revolve Group from $42.00 to $34.00 and set an “overweight” rating for the company in a research report on Thursday, August 4th. B. Riley lowered their price target on shares of Revolve Group to $37.00 in a research report on Tuesday, August 9th. Needham & Company LLC lowered their price target on shares of Revolve Group from $40.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday, November 3rd. Cowen lowered their price target on shares of Revolve Group from $52.00 to $32.00 in a research report on Thursday, August 4th. Finally, Credit Suisse Group lowered their price target on shares of Revolve Group from $32.00 to $30.00 and set an “outperform” rating for the company in a research report on Thursday, November 3rd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $33.41.

Revolve Group Trading Down 0.2 %

Shares of Revolve Group stock opened at $25.92 on Friday. The company has a current ratio of 2.65, a quick ratio of 1.58 and a debt-to-equity ratio of 0.05. Revolve Group, Inc. has a 12-month low of $20.17 and a 12-month high of $89.60. The firm has a market capitalization of $1.90 billion, a price-to-earnings ratio of 24.22, a PEG ratio of 6.57 and a beta of 2.08. The firm’s 50 day simple moving average is $23.63 and its two-hundred day simple moving average is $26.49.

Revolve Group Profile

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Revolve Group, Inc operates as an online fashion retailer for consumers in the United States and internationally. The company operates in two segments, REVOLVE and FWRD. It operates a platform that connects consumers and global fashion influencers, as well as emerging, established, and owned brands. The company offers women's apparel, footwear, accessories, and beauty styles under established and emerging brands, as well as owned brands.

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Institutional Ownership by Quarter for Revolve Group (NYSE:RVLV)

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