Principal Financial Group Inc. Invests $3.25 Million in Revolve Group, Inc. (NYSE:RVLV)

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

Several other institutional investors have also recently added to or reduced their stakes in RVLV. JPMorgan Chase & Co. raised its stake in shares of Revolve Group by 83.4% during the third quarter. JPMorgan Chase & Co. now owns 349,670 shares of the company's stock worth $8,665,000 after buying an additional 158,960 shares during the last quarter. Harbor Capital Advisors Inc. increased its stake in shares of Revolve Group by 46.1% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 107,148 shares of the company's stock valued at $2,655,000 after acquiring an additional 33,812 shares during the last quarter. Lisanti Capital Growth LLC bought a new stake in shares of Revolve Group in the 3rd quarter valued at about $2,276,000. Farther Finance Advisors LLC raised its position in shares of Revolve Group by 249.7% during the third quarter. Farther Finance Advisors LLC now owns 1,126 shares of the company's stock worth $28,000 after purchasing an additional 804 shares during the period. Finally, Barclays PLC grew its stake in shares of Revolve Group by 156.7% during the 3rd quarter. Barclays PLC now owns 85,613 shares of the company's stock worth $2,122,000 after acquiring an additional 52,257 shares in the last quarter. 67.60% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Roth Mkm restated a "buy" rating and issued a $36.00 price objective (up previously from $35.00) on shares of Revolve Group in a report on Wednesday, February 26th. Stifel Nicolaus decreased their target price on shares of Revolve Group from $41.00 to $40.00 and set a "buy" rating for the company in a research note on Wednesday, February 26th. BMO Capital Markets upped their price target on shares of Revolve Group from $15.00 to $19.00 and gave the stock a "market perform" rating in a research report on Wednesday, February 26th. Barclays lifted their price objective on shares of Revolve Group from $25.00 to $26.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 26th. Finally, KeyCorp upgraded shares of Revolve Group from a "sector weight" rating to an "overweight" rating and set a $37.00 price objective on the stock in a research note on Thursday, January 23rd. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $30.57.

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Insider Buying and Selling at Revolve Group

In other Revolve Group news, CEO Michael Karanikolas sold 12,566 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $25.94, for a total transaction of $325,962.04. Following the transaction, the chief executive officer now owns 123,000 shares in the company, valued at $3,190,620. This represents a 9.27 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Michael Mente sold 62,441 shares of the stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $34.20, for a total value of $2,135,482.20. Following the sale, the chief executive officer now directly owns 73,000 shares in the company, valued at $2,496,600. This represents a 46.10 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 511,649 shares of company stock valued at $16,027,128 in the last ninety days. 46.56% of the stock is currently owned by corporate insiders.

Revolve Group Stock Up 4.5 %

Shares of Revolve Group stock traded up $1.04 on Friday, hitting $24.05. The stock had a trading volume of 1,239,784 shares, compared to its average volume of 994,849. The business's 50 day moving average is $30.08 and its two-hundred day moving average is $29.10. Revolve Group, Inc. has a twelve month low of $14.87 and a twelve month high of $39.58. The stock has a market cap of $1.70 billion, a price-to-earnings ratio of 42.94, a price-to-earnings-growth ratio of 1.48 and a beta of 2.25.

Revolve Group 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.