BloombergSen Inc. Has $2.50 Million Stock Position in Revolve Group, Inc. $RVLV

Key Points

• BloombergSen Inc. increased its stake in Revolve Group, Inc. by 230.9%, now owning 124,857 shares valued at approximately $2.50 million, marking it as the company's 21st largest holding.
• Revolve Group reported earnings of $0.14 per share for the last quarter, exceeding analysts' expectations, with revenues increasing by 9.3% year-over-year to $308.97 million.
• Analysts have a consensus target price of $27.40 for Revolve Group stock, with ten analysts rating it a "Buy" and others indicating "Hold" or "Sell" ratings.

BloombergSen Inc. boosted its stake in shares of Revolve Group, Inc. (NYSE:RVLV - Free Report) by 230.9% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 124,857 shares of the company's stock after buying an additional 87,130 shares during the period. Revolve Group makes up approximately 0.2% of BloombergSen Inc.'s holdings, making the stock its 21st biggest holding. BloombergSen Inc. owned 0.18% of Revolve Group worth $2,503,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of RVLV. Summit Securities Group LLC bought a new position in shares of Revolve Group during the 1st quarter worth approximately $25,000. CWM LLC grew its position in Revolve Group by 40.4% in the first 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. Petrus Trust Company LTA acquired a new stake in Revolve Group in the 1st quarter valued at $203,000. Perbak Capital Partners LLP acquired a new stake in Revolve Group in the 1st quarter valued at $221,000. Finally, DRW Securities LLC bought a new stake in Revolve Group during the 1st quarter worth about $226,000. 67.60% of the stock is currently owned by institutional investors and hedge funds.

Revolve Group Stock Down 1.7%

NYSE:RVLV opened at $20.95 on Thursday. Revolve Group, Inc. has a 12-month low of $16.80 and a 12-month high of $39.58. The firm has a market capitalization of $1.49 billion, a price-to-earnings ratio of 33.78, a P/E/G ratio of 2.33 and a beta of 1.88. The stock's 50 day moving average price is $21.97 and its two-hundred day moving average price is $21.13.

Revolve Group (NYSE:RVLV - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported $0.14 earnings per share for the quarter, topping analysts' consensus estimates of $0.12 by $0.02. Revolve Group had a return on equity of 10.17% and a net margin of 3.83%.The business had revenue of $308.97 million for the quarter, compared to analyst estimates of $297.91 million. During the same period in the previous year, the firm earned $0.21 EPS. The firm's revenue was up 9.3% compared to the same quarter last year. Equities research analysts expect that Revolve Group, Inc. will post 0.6 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Raymond James Financial raised their price objective on Revolve Group from $21.00 to $25.00 and gave the company an "outperform" rating in a report on Tuesday, July 22nd. Robert W. Baird increased their price target on Revolve Group from $23.00 to $25.00 and gave the company a "neutral" rating in a research report on Friday, June 6th. Piper Sandler boosted their price target 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 reiterated a "neutral" rating and set a $22.00 price objective (up previously from $19.00) on shares of Revolve Group in a research note on Friday, July 25th. Finally, Cowen reissued a "buy" rating on shares of Revolve Group in a report on Friday, June 6th. Ten equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Revolve Group has a consensus rating of "Moderate Buy" and a consensus target price of $27.40.

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.

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