Segall Bryant & Hamill LLC bought a new position in shares of Revolve Group, Inc. (NYSE:RVLV - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 244,107 shares of the company's stock, valued at approximately $5,246,000. Segall Bryant & Hamill LLC owned 0.34% of Revolve Group at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of RVLV. CWM LLC boosted its stake in shares of Revolve Group by 40.4% in 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 in the last quarter. Stephens Investment Management Group LLC boosted its stake in shares of Revolve Group by 9.7% in the 1st quarter. Stephens Investment Management Group LLC now owns 636,051 shares of the company's stock valued at $13,669,000 after purchasing an additional 56,290 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Revolve Group by 3.4% in the 1st quarter. Bank of New York Mellon Corp now owns 115,457 shares of the company's stock valued at $2,481,000 after purchasing an additional 3,827 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Revolve Group by 5.6% in the 1st quarter. Principal Financial Group Inc. now owns 102,440 shares of the company's stock valued at $2,201,000 after purchasing an additional 5,390 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of Revolve Group by 16.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 588,964 shares of the company's stock valued at $12,963,000 after purchasing an additional 82,043 shares in the last quarter. Hedge funds and other institutional investors own 67.60% of the company's stock.
Revolve Group Trading Up 2.1%
RVLV opened at $21.52 on Friday. Revolve Group, Inc. has a 12-month low of $16.77 and a 12-month high of $39.58. The firm has a market capitalization of $1.53 billion, a PE ratio of 31.19, a P/E/G ratio of 3.05 and a beta of 1.98. The firm has a 50 day moving average of $20.75 and a two-hundred day moving average of $23.84.
Revolve Group (NYSE:RVLV - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.16 EPS for the quarter, topping analysts' consensus estimates of $0.13 by $0.03. Revolve Group had a net margin of 4.37% and a return on equity of 11.76%. The business had revenue of $296.71 million for the quarter, compared to analysts' expectations of $297.56 million. During the same quarter last year, the company earned $0.15 EPS. The business's revenue was up 9.7% on a year-over-year basis. As a group, analysts predict that Revolve Group, Inc. will post 0.6 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several equities research analysts have weighed in on RVLV shares. Raymond James Financial dropped their price target on shares of Revolve Group from $25.00 to $21.00 and set an "outperform" rating for the company in a research report on Wednesday, May 7th. UBS Group dropped their price target on shares of Revolve Group from $22.00 to $19.00 and set a "neutral" rating for the company in a research report on Wednesday, May 7th. Morgan Stanley decreased their price objective on shares of Revolve Group from $29.00 to $21.00 and set an "equal weight" rating for the company in a report on Thursday, April 17th. KeyCorp decreased their price objective on shares of Revolve Group from $37.00 to $25.00 and set an "overweight" rating for the company in a report on Wednesday, May 7th. Finally, Cowen restated a "buy" rating on shares of Revolve Group in a report on Friday, June 6th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $26.20.
Check Out Our Latest Stock Report on Revolve Group
About Revolve Group
(
Free Report)
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.
Further Reading
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