Algert Global LLC Boosts Stock Position in Revolve Group, Inc. $RVLV

Key Points

• Algert Global LLC increased its holdings in Revolve Group, Inc. by 42.3%, owning 431,491 shares worth approximately $9.27 million after acquiring an additional 128,202 shares in Q1.
• Wall Street analysts maintain a consensus rating of "Moderate Buy" for Revolve Group, with an average target price of $27.40 and several analysts recent upgrades reflecting positive sentiment.
• Revolve Group reported $308.97 million in revenue for the last quarter, exceeding estimates, with an EPS of $0.14 that topped forecasts by $0.02.

Algert Global LLC grew its position in shares of Revolve Group, Inc. (NYSE:RVLV - Free Report) by 42.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 431,491 shares of the company's stock after purchasing an additional 128,202 shares during the quarter. Algert Global LLC owned approximately 0.61% of Revolve Group worth $9,273,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Invesco Ltd. raised its position in shares of Revolve Group by 57.4% during the fourth quarter. Invesco Ltd. now owns 100,494 shares of the company's stock worth $3,366,000 after acquiring an additional 36,630 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Revolve Group during the fourth quarter valued at approximately $333,000. Barclays PLC increased its holdings in shares of Revolve Group by 132.1% during the fourth quarter. Barclays PLC now owns 198,705 shares of the company's stock valued at $6,656,000 after acquiring an additional 113,092 shares in the last quarter. Mariner LLC purchased a new position in shares of Revolve Group during the fourth quarter valued at approximately $275,000. Finally, CANADA LIFE ASSURANCE Co boosted its position in shares of Revolve Group by 149.4% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 13,068 shares of the company's stock valued at $437,000 after buying an additional 7,829 shares during the last quarter. 67.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on RVLV shares. Piper Sandler boosted their price objective on Revolve Group from $22.00 to $25.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 6th. UBS Group reissued a "neutral" rating and issued a $22.00 price objective (up previously from $19.00) on shares of Revolve Group in a research report on Friday, July 25th. Robert W. Baird boosted their price objective on Revolve Group from $23.00 to $25.00 and gave the stock a "neutral" rating in a research report on Friday, June 6th. KeyCorp cut their price objective on Revolve Group from $37.00 to $25.00 and set an "overweight" rating on the stock in a research report on Wednesday, May 7th. Finally, Roth Capital reissued a "buy" rating and issued a $24.00 price objective (up previously from $19.00) on shares of Revolve Group in a research report on Tuesday, August 5th. Ten analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Revolve Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $27.40.

Revolve Group Stock Up 5.4%

RVLV traded up $1.1450 during trading on Friday, reaching $22.3350. 500,836 shares of the company were exchanged, compared to its average volume of 1,398,863. The company's 50-day moving average is $20.91 and its two-hundred day moving average is $22.10. The company has a market cap of $1.59 billion, a price-to-earnings ratio of 36.14, a P/E/G ratio of 2.31 and a beta of 1.98. Revolve Group, Inc. has a 12-month low of $16.80 and a 12-month high of $39.58.

Revolve Group (NYSE:RVLV - Get Free Report) last issued its quarterly earnings data 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 for the quarter, compared to analysts' expectations of $297.91 million. Revolve Group had a return on equity of 10.17% and a net margin of 3.83%.The firm's quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.21 EPS. Equities analysts forecast that Revolve Group, Inc. will post 0.6 earnings per share for the current year.

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.