244,107 Shares in Revolve Group, Inc. (NYSE:RVLV) Purchased by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC purchased 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 filing with the Securities and Exchange Commission (SEC). The fund purchased 244,107 shares of the company's stock, valued at approximately $5,246,000. Segall Bryant & Hamill LLC owned approximately 0.34% of Revolve Group at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. lifted its position in Revolve Group by 1.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 318,683 shares of the company's stock worth $10,673,000 after buying an additional 3,470 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Revolve Group during the 4th quarter worth about $333,000. HighTower Advisors LLC raised its holdings in Revolve Group by 86.3% during the 4th quarter. HighTower Advisors LLC now owns 18,782 shares of the company's stock worth $629,000 after purchasing an additional 8,702 shares during the last quarter. Madison Investment Advisors LLC bought a new stake in Revolve Group during the 4th quarter worth about $3,606,000. Finally, Harvest Fund Management Co. Ltd bought a new stake in Revolve Group during the 4th quarter worth about $117,000. Institutional investors and hedge funds own 67.60% of the company's stock.

Revolve Group Price Performance

Shares of NYSE:RVLV traded down $0.14 during trading on Monday, reaching $21.25. 875,910 shares of the stock were exchanged, compared to its average volume of 1,208,909. Revolve Group, Inc. has a 1-year low of $16.77 and a 1-year high of $39.58. The stock has a fifty day moving average of $20.82 and a two-hundred day moving average of $23.62. The firm has a market cap of $1.51 billion, a price-to-earnings ratio of 31.00, a price-to-earnings-growth ratio of 3.10 and a beta of 1.98.

Revolve Group (NYSE:RVLV - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.03. Revolve Group had a return on equity of 11.76% and a net margin of 4.37%. The business had revenue of $296.71 million during the quarter, compared to the consensus estimate of $297.56 million. During the same quarter in the prior year, the company posted $0.15 earnings per share. Revolve Group's revenue was up 9.7% compared to the same quarter last year. Sell-side analysts forecast that Revolve Group, Inc. will post 0.6 EPS for the current year.

Analyst Upgrades and Downgrades

RVLV has been the subject of a number of research reports. Raymond James Financial lowered their target price on Revolve Group from $25.00 to $21.00 and set an "outperform" rating for the company in a research note on Wednesday, May 7th. KeyCorp reduced their price target on Revolve Group from $37.00 to $25.00 and set an "overweight" rating for the company in a research report on Wednesday, May 7th. Piper Sandler reduced their price target on Revolve Group from $35.00 to $22.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Cowen reissued a "buy" rating on shares of Revolve Group in a report on Friday, June 6th. Finally, UBS Group cut their price objective on Revolve Group from $22.00 to $19.00 and set a "neutral" rating for the company in a report on Wednesday, May 7th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $26.27.

Revolve Group 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.