Federated Hermes Inc. Purchases 23,995 Shares of Revolve Group, Inc. (NYSE:RVLV)

Federated Hermes Inc. lifted its position in shares of Revolve Group, Inc. (NYSE:RVLV) by 39.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 85,400 shares of the company’s stock after acquiring an additional 23,995 shares during the period. Federated Hermes Inc.’s holdings in Revolve Group were worth $1,416,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of Revolve Group by 5.5% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 7,466,195 shares of the company’s stock worth $101,615,000 after purchasing an additional 390,670 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Revolve Group by 0.5% in the third quarter. Vanguard Group Inc. now owns 3,915,304 shares of the company’s stock worth $53,287,000 after purchasing an additional 18,228 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Revolve Group by 7.9% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 814,882 shares of the company’s stock valued at $13,511,000 after purchasing an additional 59,354 shares during the period. Qube Research & Technologies Ltd raised its position in Revolve Group by 38.3% during the 3rd quarter. Qube Research & Technologies Ltd now owns 534,242 shares of the company’s stock worth $7,271,000 after purchasing an additional 148,050 shares during the last quarter. Finally, Polen Capital Management LLC lifted its holdings in Revolve Group by 14.6% during the 3rd quarter. Polen Capital Management LLC now owns 483,103 shares of the company’s stock worth $6,575,000 after buying an additional 61,499 shares during the period. Institutional investors and hedge funds own 67.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Barclays raised their price objective on Revolve Group from $12.00 to $13.00 and gave the stock an “underweight” rating in a research report on Thursday, February 29th. BTIG Research raised their price target on shares of Revolve Group from $22.00 to $24.00 and gave the stock a “buy” rating in a report on Wednesday, April 3rd. TD Cowen raised shares of Revolve Group from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $23.00 to $25.00 in a research note on Thursday, March 21st. Stifel Nicolaus lifted their target price on shares of Revolve Group from $20.00 to $24.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Needham & Company LLC upped their price target on shares of Revolve Group from $16.00 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, February 28th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $19.09.

Revolve Group Stock Performance

Shares of RVLV opened at $20.23 on Tuesday. The firm has a market capitalization of $1.43 billion, a P/E ratio of 53.24, a P/E/G ratio of 1.39 and a beta of 2.17. Revolve Group, Inc. has a 52 week low of $12.25 and a 52 week high of $23.19. The stock has a 50 day moving average price of $19.88 and a two-hundred day moving average price of $16.79.

Revolve Group (NYSE:RVLV) last announced its quarterly earnings results on Tuesday, February 27th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.03. Revolve Group had a return on equity of 7.11% and a net margin of 2.63%. The business had revenue of $257.78 million during the quarter, compared to the consensus estimate of $246.20 million. During the same quarter in the prior year, the company posted $0.11 earnings per share. Revolve Group’s revenue was down .5% compared to the same quarter last year. On average, equities analysts forecast that Revolve Group, Inc. will post 0.48 earnings per share for the current year.

About Revolve Group

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.