Principal Financial Group Inc. Sells 39,604 Shares of Revolve Group, Inc. $RVLV

Principal Financial Group Inc. cut its stake in shares of Revolve Group, Inc. (NYSE:RVLV) by 30.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 92,623 shares of the company’s stock after selling 39,604 shares during the period. Principal Financial Group Inc.’s holdings in Revolve Group were worth $2,094,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Kestra Advisory Services LLC purchased a new position in shares of Revolve Group during the 4th quarter valued at about $40,000. Quarry LP raised its stake in Revolve Group by 6,932.1% during the 3rd quarter. Quarry LP now owns 3,727 shares of the company’s stock worth $79,000 after acquiring an additional 3,674 shares during the period. Generali Investments Towarzystwo Funduszy Inwestycyjnych lifted its holdings in Revolve Group by 50.0% during the fourth quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 4,500 shares of the company’s stock valued at $136,000 after purchasing an additional 1,500 shares in the last quarter. CWM LLC lifted its holdings in Revolve Group by 182.2% during the fourth quarter. CWM LLC now owns 6,271 shares of the company’s stock valued at $189,000 after purchasing an additional 4,049 shares in the last quarter. Finally, Jefferies Financial Group Inc. purchased a new position in Revolve Group during the fourth quarter valued at approximately $216,000. Institutional investors own 67.60% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. UBS Group reduced their price objective on shares of Revolve Group from $31.00 to $28.00 and set a “neutral” rating for the company in a research note on Wednesday, May 6th. Robert W. Baird set a $28.00 target price on shares of Revolve Group in a research note on Wednesday, May 6th. Wall Street Zen downgraded shares of Revolve Group from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. BTIG Research reiterated a “buy” rating and issued a $35.00 price target on shares of Revolve Group in a research note on Wednesday, May 6th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Revolve Group in a report on Friday, July 17th. Seven equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $29.33.

Revolve Group Stock Performance

RVLV stock opened at $25.48 on Friday. Revolve Group, Inc. has a one year low of $17.35 and a one year high of $31.68. The company’s fifty day moving average price is $22.32 and its 200-day moving average price is $23.91. The company has a market capitalization of $1.82 billion, a PE ratio of 28.64, a price-to-earnings-growth ratio of 2.79 and a beta of 1.61.

Revolve Group (NYSE:RVLV) last issued its earnings results on Tuesday, May 5th. The company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.02. The firm had revenue of $342.88 million during the quarter, compared to analyst estimates of $328.84 million. Revolve Group had a net margin of 5.05% and a return on equity of 12.17%. Revolve Group’s revenue for the quarter was up 15.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.16 earnings per share. On average, research analysts predict that Revolve Group, Inc. will post 0.85 EPS for the current fiscal year.

Revolve Group Profile

Revolve Group, Inc operates as a leading online fashion retailer primarily serving millennial and Gen Z consumers through its flagship e-commerce platform. The company offers a curated assortment of apparel, accessories and beauty products from more than 500 established and emerging brands, alongside private label labels covering contemporary and premium segments. With a focus on trend-driven merchandise and seamless user experience, the website features shoppable editorial content and digital styling advice aimed at strengthening customer engagement and brand loyalty.

Founded in 2003 and headquartered in Cerritos, California, Revolve has expanded its footprint beyond North America by launching localized sites and logistics centers in Europe and the Middle East.