Kayne Anderson Rudnick Investment Management LLC Cuts Stock Holdings in Revolve Group, Inc. $RVLV

Key Points

• Kayne Anderson Rudnick Investment Management LLC reduced its stake in Revolve Group, Inc. by 5.7%, now holding approximately 4.67 million shares worth $100.35 million.
• Revolve Group's stock price has increased 6.2% recently, with a market cap of $1.60 billion and a current price of around $22.50.
• The company's quarterly earnings report showed an EPS of $0.14, exceeding expectations, with a revenue of $308.97 million, representing a year-over-year increase of 9.3%.

Kayne Anderson Rudnick Investment Management LLC reduced its holdings in Revolve Group, Inc. (NYSE:RVLV - Free Report) by 5.7% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,669,682 shares of the company's stock after selling 280,279 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC owned 6.56% of Revolve Group worth $100,351,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of RVLV. Summit Securities Group LLC bought a new stake in shares of Revolve Group during the 1st quarter worth $25,000. CWM LLC raised its position in Revolve Group by 40.4% during 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 stake in Revolve Group during the fourth quarter worth about $65,000. Wallace Advisory Group LLC purchased a new position in shares of Revolve Group in the 1st quarter worth about $136,000. Finally, Neo Ivy Capital Management bought a new position in shares of Revolve Group during the 4th quarter valued at about $156,000. Institutional investors own 67.60% of the company's stock.

Analyst Ratings Changes

RVLV has been the subject of several recent research reports. Morgan Stanley boosted their price target on shares of Revolve Group from $22.00 to $24.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 6th. Barclays reaffirmed a "reduce" rating on shares of Revolve Group in a research note on Wednesday, May 7th. UBS Group reaffirmed a "neutral" rating and issued a $22.00 target price (up from $19.00) on shares of Revolve Group in a research report on Friday, July 25th. KeyCorp decreased their target price on shares of Revolve Group from $37.00 to $25.00 and set an "overweight" rating for the company in a report on Wednesday, May 7th. Finally, Robert W. Baird increased their price target on shares of Revolve Group from $23.00 to $25.00 and gave the company a "neutral" rating in a report on Friday, June 6th. Ten 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 company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $27.40.

Revolve Group Price Performance

Shares of RVLV traded down $0.24 on Thursday, reaching $22.72. The company's stock had a trading volume of 1,303,384 shares, compared to its average volume of 1,395,863. Revolve Group, Inc. has a 12-month low of $16.80 and a 12-month high of $39.58. The stock has a market capitalization of $1.62 billion, a P/E ratio of 36.64, a PEG ratio of 2.43 and a beta of 1.98. The stock's 50 day simple moving average is $21.06 and its two-hundred day simple moving average is $21.88.

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. Analysts expect that Revolve Group, Inc. will post 0.6 earnings per share for the current 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.