Revolve Group, Inc. $RVLV Position Reduced by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS trimmed its stake in shares of Revolve Group, Inc. (NYSE:RVLV) by 19.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,900 shares of the company’s stock after selling 1,700 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in Revolve Group were worth $138,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. BloombergSen Inc. boosted its stake in Revolve Group by 230.9% during the 2nd quarter. BloombergSen Inc. now owns 124,857 shares of the company’s stock valued at $2,503,000 after acquiring an additional 87,130 shares during the last quarter. Precision Wealth Strategies LLC boosted its stake in Revolve Group by 12.0% during the 2nd quarter. Precision Wealth Strategies LLC now owns 15,322 shares of the company’s stock valued at $307,000 after acquiring an additional 1,644 shares during the last quarter. Norden Group LLC raised its holdings in shares of Revolve Group by 29.4% during the second quarter. Norden Group LLC now owns 30,119 shares of the company’s stock worth $604,000 after purchasing an additional 6,846 shares during the period. Rhumbline Advisers raised its holdings in shares of Revolve Group by 3.4% during the first quarter. Rhumbline Advisers now owns 55,133 shares of the company’s stock worth $1,185,000 after purchasing an additional 1,788 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Revolve Group by 10.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 109,066 shares of the company’s stock worth $2,344,000 after purchasing an additional 10,146 shares during the period. 67.60% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on RVLV shares. Weiss Ratings reissued a “hold (c)” rating on shares of Revolve Group in a report on Wednesday, October 8th. Raymond James Financial increased their target price on shares of Revolve Group from $21.00 to $25.00 and gave the stock an “outperform” rating in a report on Tuesday, July 22nd. Morgan Stanley increased their target price on shares of Revolve Group from $22.00 to $24.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 6th. Piper Sandler increased their target price on shares of Revolve Group from $22.00 to $25.00 and gave the stock an “overweight” rating in a report on Wednesday, August 6th. Finally, Roth Capital reissued a “buy” rating and set a $24.00 target price (up from $19.00) on shares of Revolve Group in a report on Tuesday, August 5th. Ten investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $27.47.

Revolve Group Stock Up 3.1%

RVLV stock opened at $22.55 on Wednesday. Revolve Group, Inc. has a fifty-two week low of $16.80 and a fifty-two week high of $39.58. The firm’s 50-day simple moving average is $22.22 and its 200 day simple moving average is $21.08. The stock has a market cap of $1.61 billion, a PE ratio of 36.37, a price-to-earnings-growth ratio of 2.38 and a beta of 1.88.

Revolve Group (NYSE:RVLV) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. Revolve Group had a net margin of 3.83% and a return on equity of 10.17%. The business had revenue of $308.97 million for the quarter, compared to analysts’ expectations of $297.91 million. During the same quarter last year, the company earned $0.21 EPS. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. Equities analysts forecast that Revolve Group, Inc. will post 0.6 EPS for the current fiscal year.

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.