Principal Financial Group Inc. Has $2.20 Million Stake in Revolve Group, Inc. (NYSE:RVLV)

Principal Financial Group Inc. boosted its holdings in Revolve Group, Inc. (NYSE:RVLV) by 5.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 102,440 shares of the company’s stock after purchasing an additional 5,390 shares during the quarter. Principal Financial Group Inc. owned about 0.14% of Revolve Group worth $2,201,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Castlekeep Investment Advisors LLC purchased a new position in Revolve Group during the 4th quarter worth $65,000. Northwest & Ethical Investments L.P. bought a new stake in Revolve Group in the 4th quarter valued at about $87,000. Harvest Fund Management Co. Ltd bought a new stake in Revolve Group in the 4th quarter valued at about $117,000. Wallace Advisory Group LLC bought a new stake in shares of Revolve Group during the first quarter valued at about $136,000. Finally, Neo Ivy Capital Management bought a new stake in shares of Revolve Group during the fourth quarter valued at about $156,000. Institutional investors and hedge funds own 67.60% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on RVLV shares. Raymond James Financial cut their price objective on Revolve Group from $25.00 to $21.00 and set an “outperform” rating for the company in a report on Wednesday, May 7th. KeyCorp lowered their price objective on Revolve Group from $37.00 to $25.00 and set an “overweight” rating for the company in a research report on Wednesday, May 7th. Cowen restated a “buy” rating on shares of Revolve Group in a report on Friday, June 6th. UBS Group decreased their price objective on Revolve Group from $22.00 to $19.00 and set a “neutral” rating for the company in a report on Wednesday, May 7th. Finally, Morgan Stanley decreased their price objective on Revolve Group from $29.00 to $21.00 and set an “equal weight” rating for the company in a report on Thursday, April 17th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $26.20.

Revolve Group Stock Performance

Shares of NYSE:RVLV opened at $21.41 on Friday. The stock’s 50-day simple moving average is $20.82 and its two-hundred day simple moving average is $23.75. Revolve Group, Inc. has a 52-week low of $16.77 and a 52-week high of $39.58. The stock has a market capitalization of $1.53 billion, a price-to-earnings ratio of 31.03, a PEG ratio of 3.07 and a beta of 1.98.

Revolve Group (NYSE:RVLV) last issued its earnings results on Tuesday, May 6th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.03. The company had revenue of $296.71 million for the quarter, compared to the consensus estimate of $297.56 million. Revolve Group had a return on equity of 11.76% and a net margin of 4.37%. The firm’s quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter last year, the company earned $0.15 EPS. As a group, equities analysts forecast that Revolve Group, Inc. will post 0.6 earnings per share for the current fiscal year.

Revolve Group Company Profile

Revolve Group, Inc operates as an online fashion retailer for millennial and generation z 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.