Principal Financial Group Inc. Takes Position in Revolve Group, Inc. (NYSE:RVLV)

Principal Financial Group Inc. acquired a new stake in shares of Revolve Group, Inc. (NYSE:RVLV) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 97,050 shares of the company’s stock, valued at approximately $3,250,000. Principal Financial Group Inc. owned approximately 0.14% of Revolve Group at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Farther Finance Advisors LLC boosted its position in shares of Revolve Group by 249.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,126 shares of the company’s stock valued at $28,000 after purchasing an additional 804 shares in the last quarter. Sugar Maple Asset Management LLC acquired a new position in shares of Revolve Group in the fourth quarter worth about $50,000. Franklin Resources Inc. boosted its holdings in shares of Revolve Group by 6.9% in the third quarter. Franklin Resources Inc. now owns 27,195 shares of the company’s stock worth $699,000 after buying an additional 1,753 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Revolve Group by 0.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 315,213 shares of the company’s stock worth $7,811,000 after buying an additional 2,963 shares during the period. Finally, Los Angeles Capital Management LLC boosted its holdings in shares of Revolve Group by 17.5% in the third quarter. Los Angeles Capital Management LLC now owns 33,701 shares of the company’s stock worth $835,000 after buying an additional 5,011 shares during the period. Institutional investors own 67.60% of the company’s stock.

Insider Buying and Selling at Revolve Group

In other Revolve Group news, CEO Michael Mente sold 67,118 shares of Revolve Group stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $30.91, for a total value of $2,074,617.38. Following the completion of the sale, the chief executive officer now directly owns 73,000 shares in the company, valued at $2,256,430. The trade was a 47.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 499,083 shares of company stock worth $15,701,166 over the last ninety days. 46.56% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have commented on RVLV. Evercore ISI raised their target price on shares of Revolve Group from $21.00 to $33.00 and gave the stock an “in-line” rating in a report on Wednesday, November 6th. BTIG Research raised their target price on shares of Revolve Group from $30.00 to $35.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Roth Mkm reiterated a “buy” rating and issued a $36.00 target price (up from $35.00) on shares of Revolve Group in a report on Wednesday, February 26th. KeyCorp upgraded shares of Revolve Group from a “sector weight” rating to an “overweight” rating and set a $37.00 target price for the company in a report on Thursday, January 23rd. Finally, Barclays raised their price target on shares of Revolve Group from $25.00 to $26.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 26th. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $30.57.

Revolve Group Stock Down 3.5 %

NYSE RVLV opened at $24.13 on Wednesday. The stock has a market capitalization of $1.71 billion, a PE ratio of 43.09, a price-to-earnings-growth ratio of 1.48 and a beta of 2.25. The company has a 50 day moving average price of $30.47 and a two-hundred day moving average price of $29.18. Revolve Group, Inc. has a 12-month low of $14.87 and a 12-month high of $39.58.

About Revolve Group

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.