Creative Planning Buys 15,104 Shares of Revolve Group, Inc. $RVLV

Creative Planning raised its stake in shares of Revolve Group, Inc. (NYSE:RVLV) by 10.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 155,019 shares of the company’s stock after buying an additional 15,104 shares during the period. Creative Planning owned about 0.22% of Revolve Group worth $3,108,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of RVLV. Summit Securities Group LLC bought a new stake in shares of Revolve Group in the first quarter worth $25,000. Generali Investments Towarzystwo Funduszy Inwestycyjnych purchased a new position in Revolve Group in the second quarter worth about $60,000. CWM LLC grew its stake in shares of Revolve Group by 40.4% during the 1st quarter. CWM LLC now owns 2,905 shares of the company’s stock valued at $62,000 after purchasing an additional 836 shares during the period. Logan Capital Management Inc. increased its position in shares of Revolve Group by 35.5% during the 2nd quarter. Logan Capital Management Inc. now owns 5,579 shares of the company’s stock valued at $112,000 after purchasing an additional 1,463 shares during the last quarter. Finally, Police & Firemen s Retirement System of New Jersey lifted its stake in shares of Revolve Group by 15.5% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 9,156 shares of the company’s stock worth $184,000 after purchasing an additional 1,231 shares during the period. 67.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on RVLV shares. Evercore ISI restated a “mixed” rating on shares of Revolve Group in a research report on Wednesday, November 5th. BTIG Research reiterated a “buy” rating and set a $30.00 price target on shares of Revolve Group in a research note on Wednesday, November 19th. Roth Capital reissued a “buy” rating and set a $30.00 price objective (up previously from $27.00) on shares of Revolve Group in a research report on Wednesday, November 5th. Zacks Research cut Revolve Group from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Finally, Piper Sandler lifted their target price on Revolve Group from $22.00 to $25.00 and gave the company an “overweight” rating in a research report on Wednesday, August 6th. Nine equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $26.21.

Revolve Group Price Performance

Shares of NYSE RVLV opened at $23.43 on Monday. The stock has a market cap of $1.67 billion, a PE ratio of 30.83, a price-to-earnings-growth ratio of 2.61 and a beta of 1.93. Revolve Group, Inc. has a 1 year low of $16.80 and a 1 year high of $39.58. The firm has a fifty day moving average price of $22.05 and a 200-day moving average price of $21.45.

Revolve Group (NYSE:RVLV) last issued its earnings results on Tuesday, November 4th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.13. Revolve Group had a net margin of 4.64% and a return on equity of 11.26%. The company had revenue of $295.63 million during the quarter, compared to the consensus estimate of $297.36 million. During the same quarter in the prior year, the firm posted $0.15 EPS. Revolve Group’s quarterly revenue was up 4.4% compared to the same quarter last year. On average, research analysts expect that Revolve Group, Inc. will post 0.6 EPS for the current 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.