Hsbc Holdings PLC Raises Holdings in Revolve Group, Inc. $RVLV

Key Points

• Hsbc Holdings PLC increased its stake in Revolve Group, Inc. by 189.2% during the 1st quarter, acquiring an additional 31,114 shares, bringing its total holdings to approximately 47,559 shares worth $1,028,000.
• Despite a 1.4% drop in share price, Revolve Group reported a strong quarterly performance with an EPS of $0.14, exceeding estimates and showing a revenue increase of 9.3% year-over-year.
• Wall Street analysts have mixed ratings on Revolve Group, with an average target price of $27.40, while ten analysts marked it as a Buy and one as a Sell.

Hsbc Holdings PLC increased its position in shares of Revolve Group, Inc. (NYSE:RVLV - Free Report) by 189.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,559 shares of the company's stock after purchasing an additional 31,114 shares during the period. Hsbc Holdings PLC owned 0.07% of Revolve Group worth $1,028,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of RVLV. Summit Securities Group LLC acquired a new position in shares of Revolve Group during the first quarter worth $25,000. CWM LLC grew its stake in shares of Revolve Group by 40.4% during the first quarter. CWM LLC now owns 2,905 shares of the company's stock worth $62,000 after purchasing an additional 836 shares in the last quarter. Castlekeep Investment Advisors LLC acquired a new position in shares of Revolve Group during the fourth quarter worth $65,000. Wallace Advisory Group LLC acquired a new position in shares of Revolve Group during the first quarter worth $136,000. Finally, Neo Ivy Capital Management acquired a new position in shares of Revolve Group during the fourth quarter worth $156,000. Institutional investors and hedge funds own 67.60% of the company's stock.

Revolve Group Stock Up 4.2%

NYSE RVLV traded up $0.90 during trading hours on Wednesday, hitting $22.36. 408,175 shares of the stock were exchanged, compared to its average volume of 1,383,182. The company has a market cap of $1.59 billion, a price-to-earnings ratio of 36.02, a price-to-earnings-growth ratio of 2.44 and a beta of 1.94. Revolve Group, Inc. has a 12-month low of $16.80 and a 12-month high of $39.58. The stock has a 50-day moving average of $21.20 and a 200 day moving average of $21.58.

Revolve Group (NYSE:RVLV - Get Free Report) last issued its earnings results 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 company had revenue of $308.97 million during the quarter, compared to analysts' expectations of $297.91 million. During the same period last year, the company posted $0.21 earnings per share. The firm's quarterly revenue was up 9.3% compared to the same quarter last year. On average, equities research analysts expect that Revolve Group, Inc. will post 0.6 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Morgan Stanley upped their price objective on shares of Revolve Group from $22.00 to $24.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 6th. Barclays restated a "reduce" rating on shares of Revolve Group in a research note on Wednesday, May 7th. KeyCorp decreased their price objective on shares of Revolve Group from $37.00 to $25.00 and set an "overweight" rating for the company in a research note on Wednesday, May 7th. Cowen restated a "buy" rating on shares of Revolve Group in a research note on Friday, June 6th. Finally, Robert W. Baird upped their price objective on shares of Revolve Group from $23.00 to $25.00 and gave the company a "neutral" rating in a research note on Friday, June 6th. Ten equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus 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.