Principal Financial Group Inc. Raises Stock Holdings in Revolve Group, Inc. $RVLV

Principal Financial Group Inc. increased its position in shares of Revolve Group, Inc. (NYSE:RVLV) by 45.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 85,072 shares of the company’s stock after purchasing an additional 26,636 shares during the period. Principal Financial Group Inc.’s holdings in Revolve Group were worth $1,812,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC boosted its stake in Revolve Group by 4.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 628,552 shares of the company’s stock valued at $13,388,000 after buying an additional 28,428 shares during the last quarter. Creative Planning raised its holdings in shares of Revolve Group by 10.8% during the 2nd quarter. Creative Planning now owns 155,019 shares of the company’s stock worth $3,108,000 after acquiring an additional 15,104 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Revolve Group by 5.9% during the 2nd quarter. Geode Capital Management LLC now owns 935,784 shares of the company’s stock worth $18,764,000 after acquiring an additional 52,049 shares in the last quarter. Segall Bryant & Hamill LLC boosted its position in shares of Revolve Group by 20.3% during the 2nd quarter. Segall Bryant & Hamill LLC now owns 293,725 shares of the company’s stock valued at $5,889,000 after acquiring an additional 49,618 shares during the last quarter. Finally, Federated Hermes Inc. grew its holdings in shares of Revolve Group by 41.9% in the second quarter. Federated Hermes Inc. now owns 347,664 shares of the company’s stock valued at $6,971,000 after purchasing an additional 102,573 shares in the last quarter. Institutional investors own 67.60% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. KeyCorp increased their price objective on shares of Revolve Group from $25.00 to $35.00 and gave the company an “overweight” rating in a research report on Thursday, January 22nd. Guggenheim began coverage on shares of Revolve Group in a report on Tuesday, December 9th. They issued a “neutral” rating for the company. BTIG Research reissued a “buy” rating and set a $30.00 price objective on shares of Revolve Group in a research note on Wednesday, November 19th. Barclays upped their price objective on Revolve Group from $23.00 to $24.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 5th. Finally, Robert W. Baird set a $29.00 target price on Revolve Group in a research report on Wednesday, December 17th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $27.62.

Insider Buying and Selling

In other news, CEO Michael Mente sold 114,024 shares of Revolve Group stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $26.67, for a total transaction of $3,041,020.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last 90 days, insiders sold 780,928 shares of company stock valued at $22,565,084. Corporate insiders own 46.56% of the company’s stock.

Revolve Group Price Performance

Shares of NYSE:RVLV opened at $24.61 on Wednesday. The firm has a market capitalization of $1.76 billion, a PE ratio of 32.38, a price-to-earnings-growth ratio of 2.40 and a beta of 1.79. The business has a 50 day simple moving average of $28.84 and a two-hundred day simple moving average of $24.68. Revolve Group, Inc. has a 1 year low of $16.80 and a 1 year high of $31.68.

Revolve Group Company 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.