Daiwa Securities Group Inc. Reduces Stake in Revolve Group, Inc. (NYSE:RVLV)

Daiwa Securities Group Inc. trimmed its stake in Revolve Group, Inc. (NYSE:RVLV) by 9.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 116,196 shares of the company’s stock after selling 12,000 shares during the quarter. Daiwa Securities Group Inc. owned approximately 0.16% of Revolve Group worth $1,927,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in RVLV. Signaturefd LLC raised its position in shares of Revolve Group by 452.4% in the third quarter. Signaturefd LLC now owns 1,823 shares of the company’s stock valued at $25,000 after purchasing an additional 1,493 shares during the period. CWM LLC raised its position in shares of Revolve Group by 761.5% in the third quarter. CWM LLC now owns 2,929 shares of the company’s stock valued at $40,000 after purchasing an additional 2,589 shares during the period. Assetmark Inc. raised its position in shares of Revolve Group by 11.7% in the third quarter. Assetmark Inc. now owns 7,621 shares of the company’s stock valued at $104,000 after purchasing an additional 797 shares during the period. Counterpoint Mutual Funds LLC bought a new stake in shares of Revolve Group in the third quarter valued at approximately $133,000. Finally, Corton Capital Inc. bought a new stake in shares of Revolve Group in the third quarter valued at approximately $140,000. 67.60% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on RVLV shares. The Goldman Sachs Group started coverage on shares of Revolve Group in a research report on Wednesday, January 10th. They issued a “sell” rating and a $12.00 price target on the stock. Evercore ISI upped their target price on shares of Revolve Group from $15.00 to $17.00 and gave the stock an “in-line” rating in a report on Wednesday, February 28th. UBS Group upped their target price on shares of Revolve Group from $16.00 to $20.00 and gave the stock a “neutral” rating in a report on Wednesday, April 10th. TD Cowen raised shares of Revolve Group from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $23.00 to $25.00 in a report on Thursday, March 21st. Finally, Raymond James raised shares of Revolve Group from a “market perform” rating to an “outperform” rating and set a $21.00 target price on the stock in a report on Wednesday, February 28th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $18.85.

Revolve Group Price Performance

Shares of NYSE:RVLV opened at $19.16 on Tuesday. The company’s fifty day moving average price is $19.60 and its 200-day moving average price is $16.61. The firm has a market capitalization of $1.36 billion, a price-to-earnings ratio of 50.42, a PEG ratio of 1.35 and a beta of 2.17. Revolve Group, Inc. has a one year low of $12.25 and a one year high of $23.19.

Revolve Group (NYSE:RVLV) last announced its quarterly earnings data on Tuesday, February 27th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.03. Revolve Group had a net margin of 2.63% and a return on equity of 7.11%. The company had revenue of $257.78 million during the quarter, compared to analysts’ expectations of $246.20 million. During the same quarter in the prior year, the company earned $0.11 EPS. The firm’s revenue was down .5% on a year-over-year basis. As a group, equities research analysts expect that Revolve Group, Inc. will post 0.48 EPS for the current 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. 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.