Fox Run Management L.L.C. Buys 11,841 Shares of Revolve Group, Inc. $RVLV

Key Points

• Fox Run Management L.L.C. increased its holdings in Revolve Group, Inc. by 107.6%, owning 22,845 shares worth $491,000 as of the latest SEC filing.
• The company's latest quarterly earnings report showed an EPS of $0.14, exceeding analysts' expectations of $0.12, with a revenue increase of 9.3% year-over-year.
• Analysts have varying price targets for Revolve Group, with an average consensus target price of $27.40 and ten analysts rating the stock as a Buy.

Fox Run Management L.L.C. increased its stake in shares of Revolve Group, Inc. (NYSE:RVLV - Free Report) by 107.6% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 22,845 shares of the company's stock after purchasing an additional 11,841 shares during the period. Fox Run Management L.L.C.'s holdings in Revolve Group were worth $491,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of Revolve Group by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 3,930,620 shares of the company's stock valued at $84,469,000 after acquiring an additional 98,413 shares in the last quarter. Balyasny Asset Management L.P. raised its holdings in shares of Revolve Group by 596.9% in the 4th quarter. Balyasny Asset Management L.P. now owns 795,607 shares of the company's stock valued at $26,645,000 after acquiring an additional 681,451 shares in the last quarter. Stephens Investment Management Group LLC raised its holdings in shares of Revolve Group by 9.7% in the 1st quarter. Stephens Investment Management Group LLC now owns 636,051 shares of the company's stock valued at $13,669,000 after acquiring an additional 56,290 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Revolve Group by 16.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 588,964 shares of the company's stock valued at $12,963,000 after acquiring an additional 82,043 shares in the last quarter. Finally, Driehaus Capital Management LLC purchased a new stake in shares of Revolve Group in the 4th quarter valued at about $14,531,000. Hedge funds and other institutional investors own 67.60% of the company's stock.

Revolve Group Stock Up 6.2%

Shares of NYSE RVLV traded up $1.3130 during trading hours on Friday, reaching $22.5030. 1,282,087 shares of the stock traded hands, compared to its average volume of 1,488,480. The company has a market capitalization of $1.60 billion, a P/E ratio of 36.30, a price-to-earnings-growth ratio of 2.46 and a beta of 1.98. Revolve Group, Inc. has a 52-week low of $16.80 and a 52-week high of $39.58. The company's 50-day simple moving average is $20.95 and its two-hundred day simple moving average is $21.98.

Revolve Group (NYSE:RVLV - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.14 earnings per share for the quarter, beating 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 company had revenue of $308.97 million for the quarter, compared to analysts' expectations of $297.91 million. During the same period last year, the firm posted $0.21 EPS. Revolve Group's revenue for the quarter was up 9.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Revolve Group, Inc. will post 0.6 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on RVLV. Cowen reaffirmed a "buy" rating on shares of Revolve Group in a report on Friday, June 6th. Barclays reaffirmed a "reduce" rating on shares of Revolve Group in a report on Wednesday, May 7th. Roth Capital reaffirmed a "buy" rating and issued a $24.00 price target (up previously from $19.00) on shares of Revolve Group in a report on Tuesday, August 5th. 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. Finally, KeyCorp decreased their price objective on Revolve Group from $37.00 to $25.00 and set an "overweight" rating on the stock in a report on Wednesday, May 7th. Ten research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Revolve Group presently has an average rating of "Moderate Buy" and an average 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.