GW&K Investment Management LLC Has $20.42 Million Position in Revolve Group, Inc. (NYSE:RVLV)

GW&K Investment Management LLC decreased its stake in shares of Revolve Group, Inc. (NYSE:RVLV - Free Report) by 2.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 950,331 shares of the company's stock after selling 20,948 shares during the period. GW&K Investment Management LLC owned approximately 1.33% of Revolve Group worth $20,423,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. 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. Castlekeep Investment Advisors LLC bought a new position in Revolve Group in the fourth quarter valued at $65,000. Wallace Advisory Group LLC bought a new position in Revolve Group in the first quarter valued at $136,000. Neo Ivy Capital Management bought a new position in Revolve Group in the fourth quarter valued at $156,000. Finally, First Trust Advisors LP bought a new position in Revolve Group in the fourth quarter valued at $209,000. Institutional investors own 67.60% of the company's stock.

Analysts Set New Price Targets

RVLV has been the subject of a number of analyst reports. UBS Group decreased their target price on shares of Revolve Group from $22.00 to $19.00 and set a "neutral" rating for the company in a research report on Wednesday, May 7th. Morgan Stanley set a $22.00 price objective on shares of Revolve Group and gave the company an "equal weight" rating in a research report on Monday. Barclays reissued a "reduce" rating on shares of Revolve Group in a research report on Wednesday, May 7th. Cowen reissued a "buy" rating on shares of Revolve Group in a research report on Friday, June 6th. Finally, Raymond James Financial lifted their price objective on shares of Revolve Group from $21.00 to $25.00 and gave the company an "outperform" rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $26.53.

Revolve Group Price Performance

Revolve Group stock traded down $0.71 during midday trading on Thursday, hitting $21.32. The company's stock had a trading volume of 730,706 shares, compared to its average volume of 1,389,698. Revolve Group, Inc. has a 1-year low of $16.80 and a 1-year high of $39.58. The company has a 50-day moving average price of $20.89 and a two-hundred day moving average price of $23.52. The company has a market cap of $1.52 billion, a price-to-earnings ratio of 30.84, a PEG ratio of 3.07 and a beta of 1.98.

Revolve Group (NYSE:RVLV - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.13 by $0.03. The company had revenue of $296.71 million during the quarter, compared to analysts' expectations of $297.56 million. Revolve Group had a net margin of 4.37% and a return on equity of 11.76%. The business's revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.15 EPS. Sell-side analysts forecast that Revolve Group, Inc. will post 0.6 EPS for the current year.

Revolve Group 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.