Handelsbanken Fonder AB Purchases New Shares in Revolve Group, Inc. (NYSE:RVLV)

Handelsbanken Fonder AB purchased a new position in Revolve Group, Inc. (NYSE:RVLV) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 10,800 shares of the company’s stock, valued at approximately $179,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. CWM LLC lifted its stake in Revolve Group by 761.5% in the third quarter. CWM LLC now owns 2,929 shares of the company’s stock worth $40,000 after purchasing an additional 2,589 shares during the last quarter. Raymond James & Associates grew its position in Revolve Group by 43.2% in the 3rd quarter. Raymond James & Associates now owns 251,382 shares of the company’s stock valued at $3,421,000 after acquiring an additional 75,832 shares during the last quarter. Assetmark Inc. increased its stake in Revolve Group by 11.7% in the third quarter. Assetmark Inc. now owns 7,621 shares of the company’s stock worth $104,000 after purchasing an additional 797 shares during the period. Hennion & Walsh Asset Management Inc. lifted its position in shares of Revolve Group by 50.9% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 19,725 shares of the company’s stock worth $268,000 after purchasing an additional 6,657 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its stake in shares of Revolve Group by 27.0% during the third quarter. Principal Financial Group Inc. now owns 38,344 shares of the company’s stock valued at $522,000 after purchasing an additional 8,157 shares during the period. 67.60% of the stock is owned by hedge funds and other institutional investors.

Revolve Group Price Performance

Shares of RVLV stock opened at $19.67 on Friday. The stock’s fifty day moving average price is $20.08 and its 200 day moving average price is $16.87. Revolve Group, Inc. has a 1-year low of $12.25 and a 1-year high of $23.19. The company has a market cap of $1.39 billion, a price-to-earnings ratio of 51.76, a price-to-earnings-growth ratio of 1.38 and a beta of 2.15.

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on RVLV shares. BTIG Research lifted their price objective on shares of Revolve Group from $22.00 to $24.00 and gave the company a “buy” rating in a report on Wednesday, April 3rd. Piper Sandler raised their price objective on Revolve Group from $21.00 to $22.50 and gave the stock an “overweight” rating in a report on Wednesday, February 28th. Barclays upped their target price on Revolve Group from $12.00 to $13.00 and gave the stock an “underweight” rating in a report on Thursday, February 29th. Raymond James upgraded Revolve Group from a “market perform” rating to an “outperform” rating and set a $21.00 price target on the stock in a research note on Wednesday, February 28th. Finally, TD Cowen upgraded shares of Revolve Group from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $23.00 to $25.00 in a report on Thursday, March 21st. Two analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $19.09.

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.