Revolve Group, Inc. (NYSE:RVLV) Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. grew its position in Revolve Group, Inc. (NYSE:RVLV) by 5.6% during the first quarter, Holdings Channel reports. The firm owned 102,440 shares of the company’s stock after acquiring an additional 5,390 shares during the period. Principal Financial Group Inc.’s holdings in Revolve Group were worth $2,201,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of the company. Balyasny Asset Management L.P. increased its stake in Revolve Group by 596.9% during the fourth quarter. Balyasny Asset Management L.P. now owns 795,607 shares of the company’s stock worth $26,645,000 after acquiring an additional 681,451 shares during the last quarter. Driehaus Capital Management LLC acquired a new position in Revolve Group during the 4th quarter worth $14,531,000. Algert Global LLC grew its stake in Revolve Group by 235.6% during the 4th quarter. Algert Global LLC now owns 303,289 shares of the company’s stock worth $10,157,000 after purchasing an additional 212,914 shares in the last quarter. Woodline Partners LP purchased a new stake in Revolve Group during the 4th quarter worth about $6,477,000. Finally, Federated Hermes Inc. lifted its holdings in Revolve Group by 205.6% during the 4th quarter. Federated Hermes Inc. now owns 237,314 shares of the company’s stock worth $7,948,000 after buying an additional 159,655 shares during the last quarter. 67.60% of the stock is owned by institutional investors and hedge funds.

Revolve Group Trading Down 0.4%

Shares of NYSE:RVLV opened at $21.41 on Friday. The stock has a market capitalization of $1.53 billion, a PE ratio of 31.03, a P/E/G ratio of 3.07 and a beta of 1.98. Revolve Group, Inc. has a 1 year low of $16.77 and a 1 year high of $39.58. The firm has a fifty day moving average price of $20.82 and a 200 day moving average price of $23.75.

Revolve Group (NYSE:RVLV) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.03. Revolve Group had a net margin of 4.37% and a return on equity of 11.76%. The company had revenue of $296.71 million during the quarter, compared to analysts’ expectations of $297.56 million. During the same period in the prior year, the company earned $0.15 earnings per share. The business’s quarterly revenue was up 9.7% compared to the same quarter last year. On average, sell-side analysts forecast that Revolve Group, Inc. will post 0.6 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Morgan Stanley decreased their target price on Revolve Group from $29.00 to $21.00 and set an “equal weight” rating for the company in a research report on Thursday, April 17th. UBS Group decreased their target price on Revolve Group from $22.00 to $19.00 and set a “neutral” rating for the company in a research report on Wednesday, May 7th. Raymond James Financial decreased their target price on Revolve Group from $25.00 to $21.00 and set an “outperform” rating for the company in a research report on Wednesday, May 7th. Robert W. Baird upped their target price on Revolve Group from $23.00 to $25.00 and gave the company a “neutral” rating in a research report on Friday, June 6th. Finally, Stifel Nicolaus decreased their target price on Revolve Group from $40.00 to $28.00 and set a “buy” rating for the company in a research report on Thursday, April 10th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $26.20.

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.