Swiss National Bank cut its holdings in Revolve Group, Inc. (NYSE:RVLV – Free Report) by 10.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 87,900 shares of the company’s stock after selling 10,400 shares during the quarter. Swiss National Bank owned approximately 0.12% of Revolve Group worth $2,312,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors also recently modified their holdings of the company. Pier 88 Investment Partners LLC boosted its position in Revolve Group by 307.7% during the 1st quarter. Pier 88 Investment Partners LLC now owns 2,120 shares of the company’s stock valued at $56,000 after acquiring an additional 1,600 shares in the last quarter. BloombergSen Inc. raised its holdings in Revolve Group by 26.7% in the fourth quarter. BloombergSen Inc. now owns 2,850 shares of the company’s stock worth $63,000 after purchasing an additional 600 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in Revolve Group by 36.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 4,109 shares of the company’s stock valued at $91,000 after buying an additional 1,089 shares during the period. Tower Research Capital LLC TRC boosted its holdings in shares of Revolve Group by 39.6% during the 1st quarter. Tower Research Capital LLC TRC now owns 4,309 shares of the company’s stock valued at $114,000 after buying an additional 1,223 shares in the last quarter. Finally, Verition Fund Management LLC bought a new stake in shares of Revolve Group during the 2nd quarter valued at $204,000. 73.35% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Several equities research analysts recently commented on RVLV shares. Morgan Stanley dropped their price objective on shares of Revolve Group from $21.00 to $19.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 3rd. Wedbush restated a “neutral” rating and issued a $19.00 price objective on shares of Revolve Group in a report on Thursday, August 3rd. BTIG Research cut their price objective on shares of Revolve Group from $27.00 to $26.00 in a report on Tuesday, June 13th. Piper Sandler cut their price objective on shares of Revolve Group from $25.00 to $20.00 and set a “neutral” rating on the stock in a report on Thursday, August 3rd. Finally, Barclays cut their price objective on shares of Revolve Group from $17.00 to $15.00 and set an “underweight” rating on the stock in a report on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $21.62.
Revolve Group Trading Down 3.3 %
NYSE:RVLV opened at $14.36 on Wednesday. The stock has a market cap of $1.06 billion, a price-to-earnings ratio of 25.64, a PEG ratio of 10.42 and a beta of 2.18. The company’s 50 day moving average price is $17.00 and its 200-day moving average price is $19.69. Revolve Group, Inc. has a 52 week low of $14.33 and a 52 week high of $32.59. The company has a quick ratio of 1.86, a current ratio of 2.97 and a debt-to-equity ratio of 0.09.
Revolve Group (NYSE:RVLV – Get Free Report) last issued its quarterly earnings data on Wednesday, August 2nd. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.03. The company had revenue of $273.70 million for the quarter, compared to the consensus estimate of $273.77 million. Revolve Group had a net margin of 3.82% and a return on equity of 10.67%. The firm’s revenue for the quarter was down 5.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.22 earnings per share. On average, equities research analysts forecast that Revolve Group, Inc. will post 0.5 earnings per share for the current fiscal year.
Revolve Group Profile
Revolve Group, Inc operates as an online fashion retailer for millennial and generation z consumers in the United States and internationally. It operates in two segments, REVOLVE and FWRD. The company operates a platform that connects consumers and global fashion influencers, as well as emerging, established, and owned brands.
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