Aigen Investment Management LP Takes Position in Revolve Group, Inc. $RVLV

Key Points

• Aigen Investment Management LP has purchased a new stake in Revolve Group, Inc. (NYSE:RVLV), acquiring 17,348 shares valued at approximately $373,000 during the first quarter.
• Other institutional investors have also increased their positions, with Vanguard Group Inc. now holding nearly 3.93 million shares post a 2.6% increase and Balyasny Asset Management increasing its stake by 596.9% during the previous quarter.
• Analysts have a mostly favorable outlook on Revolve Group, with an average rating of "Moderate Buy" and a target price of $27.40, reflecting increased investor interest and positive earnings reports.

Aigen Investment Management LP bought a new position in shares of Revolve Group, Inc. (NYSE:RVLV - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 17,348 shares of the company's stock, valued at approximately $373,000.

A number of other hedge funds have also added to or reduced their stakes in RVLV. CWM LLC lifted its holdings in shares of Revolve Group by 40.4% in the 1st quarter. CWM LLC now owns 2,905 shares of the company's stock worth $62,000 after purchasing an additional 836 shares in the last quarter. Castlekeep Investment Advisors LLC acquired a new position in Revolve Group during the fourth quarter worth $65,000. Wallace Advisory Group LLC bought a new position in shares of Revolve Group in the first quarter valued at $136,000. Neo Ivy Capital Management bought a new position in shares of Revolve Group in the fourth quarter valued at $156,000. Finally, First Trust Advisors LP acquired a new position in shares of Revolve Group during the fourth quarter valued at about $209,000. 67.60% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on RVLV shares. Barclays restated a "reduce" rating on shares of Revolve Group in a report on Wednesday, May 7th. UBS Group reissued a "neutral" rating and issued a $22.00 price objective (up from $19.00) on shares of Revolve Group in a research note on Friday, July 25th. 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. KeyCorp lowered 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. Finally, Roth Capital reaffirmed a "buy" rating and set a $24.00 price objective (up from $19.00) on shares of Revolve Group in a report on Tuesday, August 5th. One research analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, Revolve Group has an average rating of "Moderate Buy" and a consensus target price of $27.40.

Revolve Group Trading Up 1.9%

Shares of RVLV stock traded up $0.41 during trading hours on Monday, hitting $21.59. 372,711 shares of the company were exchanged, compared to its average volume of 1,407,666. The stock has a market capitalization of $1.54 billion, a price-to-earnings ratio of 34.82, a P/E/G ratio of 2.31 and a beta of 1.98. The firm has a fifty day simple moving average of $20.93 and a 200 day simple moving average of $22.25. Revolve Group, Inc. has a 52-week low of $16.80 and a 52-week high of $39.58.

Revolve Group (NYSE:RVLV - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.12 by $0.02. The business had revenue of $308.97 million during the quarter, compared to the consensus estimate of $297.91 million. Revolve Group had a return on equity of 10.17% and a net margin of 3.83%. The business's revenue for the quarter was up 9.3% on a year-over-year basis. During the same period last year, the business posted $0.21 earnings per share. Sell-side analysts anticipate 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.