Graham Capital Management L.P. Purchases 61,652 Shares of Revolve Group, Inc. $RVLV

Key Points

• Graham Capital Management L.P. significantly increased its stake in Revolve Group, acquiring an additional 61,652 shares, bringing its total ownership to 86,081 shares, valued at approximately $1.85 million.
• Several other institutional investors, including Balyasny Asset Management L.P. and Raymond James Financial Inc., also expanded their positions in Revolve Group, indicating strong institutional interest in the stock.
• Wall Street analysts have raised their target prices for Revolve Group, with a consensus price target of $27.40 and a consensus rating of "Moderate Buy," reflecting positive sentiment towards the company's future performance.

Graham Capital Management L.P. grew its holdings in shares of Revolve Group, Inc. (NYSE:RVLV - Free Report) by 252.4% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 86,081 shares of the company's stock after purchasing an additional 61,652 shares during the period. Graham Capital Management L.P. owned approximately 0.12% of Revolve Group worth $1,850,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. GAMMA Investing LLC increased its position in shares of Revolve Group by 5,057.8% during the first quarter. GAMMA Investing LLC now owns 11,605 shares of the company's stock valued at $249,000 after acquiring an additional 11,380 shares in the last quarter. Deutsche Bank AG raised its holdings in Revolve Group by 6.2% in the 4th quarter. Deutsche Bank AG now owns 50,884 shares of the company's stock worth $1,704,000 after acquiring an additional 2,976 shares during the last quarter. Hsbc Holdings PLC raised its holdings in Revolve Group by 21.9% in the 4th quarter. Hsbc Holdings PLC now owns 16,445 shares of the company's stock worth $555,000 after acquiring an additional 2,955 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Revolve Group in the 4th quarter worth approximately $333,000. Finally, Castlekeep Investment Advisors LLC purchased a new position in Revolve Group in the 4th quarter worth approximately $65,000. 67.60% of the stock is currently owned by hedge funds and other institutional investors.

Revolve Group Stock Performance

Shares of RVLV stock traded up $0.93 during mid-day trading on Friday, reaching $23.79. 1,113,403 shares of the company's stock traded hands, compared to its average volume of 1,035,573. Revolve Group, Inc. has a 12 month low of $16.80 and a 12 month high of $39.58. The firm has a 50 day moving average price of $21.36 and a two-hundred day moving average price of $21.48. The firm has a market capitalization of $1.70 billion, a PE ratio of 38.38, a price-to-earnings-growth ratio of 2.50 and a beta of 1.94.

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, beating analysts' consensus estimates of $0.12 by $0.02. Revolve Group had a net margin of 3.83% and a return on equity of 10.17%. The firm had revenue of $308.97 million during the quarter, compared to the consensus estimate of $297.91 million. During the same quarter in the previous year, the firm posted $0.21 EPS. The company's revenue for the quarter was up 9.3% compared to the same quarter last year. As a group, equities analysts expect that Revolve Group, Inc. will post 0.6 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

RVLV has been the subject of a number of recent analyst reports. Robert W. Baird boosted their price objective on shares of Revolve Group from $23.00 to $25.00 and gave the stock a "neutral" rating in a report on Friday, June 6th. Raymond James Financial boosted their price objective on shares of Revolve Group from $21.00 to $25.00 and gave the stock an "outperform" rating in a report on Tuesday, July 22nd. UBS Group restated a "neutral" rating and issued a $22.00 price objective (up from $19.00) on shares of Revolve Group in a report on Friday, July 25th. Roth Capital restated a "buy" rating and issued a $24.00 price objective (up from $19.00) on shares of Revolve Group in a report on Tuesday, August 5th. Finally, Morgan Stanley lifted their target price on shares of Revolve Group from $22.00 to $24.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 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 company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $27.40.

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.