Jackson Square Capital LLC Buys Shares of 41,287 Revolve Group, Inc. (NYSE:RVLV)

Jackson Square Capital LLC bought a new stake in Revolve Group, Inc. (NYSE:RVLV - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 41,287 shares of the company's stock, valued at approximately $887,000. Jackson Square Capital LLC owned approximately 0.06% of Revolve Group as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in RVLV. Deutsche Bank AG boosted its holdings in Revolve Group by 6.2% in the 4th quarter. Deutsche Bank AG now owns 50,884 shares of the company's stock valued at $1,704,000 after purchasing an additional 2,976 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Revolve Group by 1.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 318,683 shares of the company's stock valued at $10,673,000 after acquiring an additional 3,470 shares during the period. Hsbc Holdings PLC grew its stake in shares of Revolve Group by 21.9% during the 4th quarter. Hsbc Holdings PLC now owns 16,445 shares of the company's stock worth $555,000 after purchasing an additional 2,955 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Revolve Group in the 4th quarter valued at about $333,000. Finally, Castlekeep Investment Advisors LLC acquired a new stake in shares of Revolve Group in the fourth quarter valued at about $65,000. 67.60% of the stock is currently owned by institutional investors and hedge funds.

Revolve Group Price Performance

RVLV stock traded down $0.07 during midday trading on Tuesday, reaching $20.54. 1,584,215 shares of the company's stock traded hands, compared to its average volume of 1,201,120. The company has a market capitalization of $1.46 billion, a P/E ratio of 36.67, a PEG ratio of 1.48 and a beta of 2.02. The business has a 50-day moving average price of $20.23 and a two-hundred day moving average price of $26.01. Revolve Group, Inc. has a fifty-two week low of $14.87 and a fifty-two week high of $39.58.

Revolve Group (NYSE:RVLV - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.13 by $0.03. The business had revenue of $296.71 million for the quarter, compared to the consensus estimate of $297.56 million. Revolve Group had a return on equity of 10.17% and a net margin of 3.72%. The company's revenue was up 9.7% on a year-over-year basis. During the same period last year, the business posted $0.15 EPS. As a group, research analysts forecast that Revolve Group, Inc. will post 0.6 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Roth Mkm reaffirmed a "buy" rating and issued a $36.00 target price (up from $35.00) on shares of Revolve Group in a report on Wednesday, February 26th. Robert W. Baird upped their target price on Revolve Group from $23.00 to $25.00 and gave the company a "neutral" rating in a report on Friday, June 6th. Barclays reaffirmed a "reduce" rating on shares of Revolve Group in a research note on Wednesday, May 7th. Piper Sandler lowered their price objective on shares of Revolve Group from $35.00 to $22.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Finally, Morgan Stanley cut their target price on shares of Revolve Group from $29.00 to $21.00 and set an "equal weight" rating for the company in a research report on Thursday, April 17th. One equities 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 stock. Based on data from MarketBeat.com, Revolve Group presently has an average rating of "Moderate Buy" and a consensus target price of $26.20.

About Revolve Group

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.