Envestnet Asset Management Inc. Decreases Stock Holdings in Revolve Group, Inc. (NYSE:RVLV)

Envestnet Asset Management Inc. cut its position in Revolve Group, Inc. (NYSE:RVLV - Free Report) by 4.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 276,980 shares of the company's stock after selling 13,367 shares during the quarter. Envestnet Asset Management Inc. owned 0.39% of Revolve Group worth $5,952,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of RVLV. GAMMA Investing LLC boosted its holdings in shares of Revolve Group by 5,057.8% in the 1st quarter. GAMMA Investing LLC now owns 11,605 shares of the company's stock valued at $249,000 after buying an additional 11,380 shares in the last quarter. Deutsche Bank AG lifted its holdings in Revolve Group by 6.2% in the fourth quarter. Deutsche Bank AG now owns 50,884 shares of the company's stock valued at $1,704,000 after acquiring an additional 2,976 shares during the period. Hsbc Holdings PLC lifted its holdings in Revolve Group by 21.9% in the fourth quarter. Hsbc Holdings PLC now owns 16,445 shares of the company's stock valued at $555,000 after acquiring an additional 2,955 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Revolve Group in the fourth 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 owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on RVLV. Raymond James Financial boosted their price target on Revolve Group from $21.00 to $25.00 and gave the stock an "outperform" rating in a report on Tuesday, July 22nd. UBS Group raised their target price on Revolve Group from $19.00 to $22.00 and gave the company a "neutral" rating in a research note on Friday. Robert W. Baird lifted their price target on Revolve Group from $23.00 to $25.00 and gave the stock a "neutral" rating in a research note on Friday, June 6th. Cowen reissued a "buy" rating on shares of Revolve Group in a report on Friday, June 6th. Finally, Stifel Nicolaus reduced their target price on shares of Revolve Group from $40.00 to $28.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, Revolve Group has an average rating of "Moderate Buy" and an average price target of $26.73.

Revolve Group Price Performance

Shares of RVLV stock traded up $0.48 on Friday, reaching $21.75. 998,667 shares of the stock were exchanged, compared to its average volume of 1,046,211. The stock has a market cap of $1.55 billion, a PE ratio of 31.52, a P/E/G ratio of 2.96 and a beta of 1.98. The stock has a 50 day moving average price of $20.95 and a 200 day moving average price of $23.33. Revolve Group, Inc. has a one year low of $16.80 and a one year high of $39.58.

Revolve Group (NYSE:RVLV - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.13 by $0.03. The firm had revenue of $296.71 million during the quarter, compared to analysts' expectations of $297.56 million. Revolve Group had a return on equity of 11.76% and a net margin of 4.37%. The company's revenue was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.15 EPS. On average, research analysts expect that Revolve Group, Inc. will post 0.6 earnings per share for the current fiscal 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.