Vanguard Group Inc. Purchases 98,413 Shares of Revolve Group, Inc. $RVLV

Vanguard Group Inc. increased its position in Revolve Group, Inc. (NYSE:RVLV) by 2.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,930,620 shares of the company’s stock after purchasing an additional 98,413 shares during the quarter. Vanguard Group Inc. owned approximately 5.52% of Revolve Group worth $84,469,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Balyasny Asset Management L.P. raised its stake in shares of Revolve Group by 596.9% in the 4th quarter. Balyasny Asset Management L.P. now owns 795,607 shares of the company’s stock valued at $26,645,000 after buying an additional 681,451 shares in the last quarter. Stephens Investment Management Group LLC increased its stake in Revolve Group by 9.7% in the first quarter. Stephens Investment Management Group LLC now owns 636,051 shares of the company’s stock valued at $13,669,000 after acquiring an additional 56,290 shares during the period. Allspring Global Investments Holdings LLC raised its position in Revolve Group by 16.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 588,964 shares of the company’s stock worth $12,963,000 after purchasing an additional 82,043 shares in the last quarter. Driehaus Capital Management LLC bought a new position in Revolve Group during the fourth quarter worth about $14,531,000. Finally, Northern Trust Corp lifted its stake in Revolve Group by 4.0% during the fourth quarter. Northern Trust Corp now owns 379,788 shares of the company’s stock worth $12,719,000 after purchasing an additional 14,703 shares during the period. Institutional investors and hedge funds own 67.60% of the company’s stock.

Revolve Group Stock Up 6.2%

Shares of RVLV stock opened at $22.5030 on Friday. The firm has a market cap of $1.60 billion, a price-to-earnings ratio of 36.30, a PEG ratio of 2.46 and a beta of 1.98. Revolve Group, Inc. has a 12 month low of $16.80 and a 12 month high of $39.58. The stock has a 50-day moving average price of $20.95 and a 200 day moving average price of $21.98.

Revolve Group (NYSE:RVLV) last issued its earnings results on Tuesday, August 5th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.02. Revolve Group had a net margin of 3.83% and a return on equity of 10.17%. The company had revenue of $308.97 million for the quarter, compared to analyst estimates of $297.91 million. During the same quarter last year, the firm earned $0.21 EPS. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. Sell-side analysts predict that Revolve Group, Inc. will post 0.6 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

RVLV has been the subject of a number of recent research reports. Piper Sandler increased their target price on Revolve Group from $22.00 to $25.00 and gave the stock an “overweight” rating in a report on Wednesday, August 6th. Morgan Stanley upped their price target on Revolve Group from $22.00 to $24.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 6th. Raymond James Financial lifted their price objective on Revolve Group from $21.00 to $25.00 and gave the company an “outperform” rating in a report on Tuesday, July 22nd. KeyCorp reduced their target price on shares of Revolve Group from $37.00 to $25.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 7th. Finally, Robert W. Baird upped their target price on shares of Revolve Group from $23.00 to $25.00 and gave the stock a “neutral” rating in a report on Friday, June 6th. Ten equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Revolve Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $27.40.

Revolve Group Company 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.