Landscape Capital Management L.L.C. Raises Position in Revolve Group, Inc. $RVLV

Key Points

• Landscape Capital Management L.L.C. significantly increased its stake in Revolve Group, Inc. by 151.6% in Q1, acquiring an additional 27,096 shares to reach a total of 44,965 shares valued at approximately $966,000.
• Several other hedge funds also made notable adjustments to their holdings of Revolve Group, with Balyasny Asset Management increasing its stake by an impressive 596.9% in the last quarter.
• Revolve Group reported an EPS of $0.14 for the last quarter, exceeding analyst expectations, which were set at $0.12, along with a revenue increase of 9.3% year-over-year.

Landscape Capital Management L.L.C. increased its stake in Revolve Group, Inc. (NYSE:RVLV - Free Report) by 151.6% during the first quarter, according to its most recent filing with the SEC. The fund owned 44,965 shares of the company's stock after buying an additional 27,096 shares during the quarter. Landscape Capital Management L.L.C. owned 0.06% of Revolve Group worth $966,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Revolve Group by 3.2% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,809 shares of the company's stock valued at $730,000 after purchasing an additional 668 shares during the last quarter. CWM LLC boosted its stake in shares of Revolve Group by 40.4% in the 1st 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. Precision Wealth Strategies LLC boosted its stake in shares of Revolve Group by 8.3% during the first quarter. Precision Wealth Strategies LLC now owns 13,678 shares of the company's stock valued at $294,000 after purchasing an additional 1,051 shares during the period. Summit Securities Group LLC bought a new position in shares of Revolve Group during the first quarter valued at approximately $25,000. Finally, Azzad Asset Management Inc. ADV raised its holdings in shares of Revolve Group by 2.5% during the first quarter. Azzad Asset Management Inc. ADV now owns 53,858 shares of the company's stock valued at $1,157,000 after acquiring an additional 1,338 shares in the last quarter. 67.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

RVLV has been the subject of a number of research reports. Roth Capital reiterated a "buy" rating and issued a $24.00 price objective (up previously from $19.00) on shares of Revolve Group in a report on Tuesday, August 5th. Morgan Stanley increased their price objective on Revolve Group from $22.00 to $24.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 6th. Robert W. Baird increased their price objective on Revolve Group from $23.00 to $25.00 and gave the stock a "neutral" rating in a report on Friday, June 6th. Barclays reiterated a "reduce" rating on shares of Revolve Group in a report on Wednesday, May 7th. Finally, Piper Sandler increased their price objective on Revolve Group from $22.00 to $25.00 and gave the stock an "overweight" rating in a report on Wednesday, August 6th. Ten investment 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.com, Revolve Group presently has a consensus rating of "Moderate Buy" and an average target price of $27.40.

Revolve Group Stock Down 4.0%

Shares of NYSE:RVLV traded down $0.88 on Tuesday, hitting $21.49. 925,571 shares of the company traded hands, compared to its average volume of 1,389,147. Revolve Group, Inc. has a 52 week low of $16.80 and a 52 week high of $39.58. The company has a market cap of $1.53 billion, a PE ratio of 34.65, a PEG ratio of 2.44 and a beta of 1.94. The stock has a 50 day simple moving average of $21.17 and a 200-day simple moving average of $21.58.

Revolve Group (NYSE:RVLV - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.14 EPS for the quarter, beating the consensus estimate 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 earnings per share. Revolve Group's revenue was up 9.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Revolve Group, Inc. will post 0.6 earnings per share 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.