Legato Capital Management LLC Has $552,000 Stock Position in Revolve Group, Inc. (NYSE:RVLV)

Key Points

• Legato Capital Management LLC reduced its stake in Revolve Group, Inc. by 43.2%, now holding $552,000 worth of stock after selling 19,508 shares.
• Revolve Group reported a net income of $0.16 EPS for the last quarter, surpassing analysts' expectations of $0.13 EPS.
• As of now, Revolve Group has an average rating of "Moderate Buy" with an average target price of $26.73 among analysts.

Legato Capital Management LLC lowered its holdings in shares of Revolve Group, Inc. (NYSE:RVLV - Free Report) by 43.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,678 shares of the company's stock after selling 19,508 shares during the period. Legato Capital Management LLC's holdings in Revolve Group were worth $552,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Pier 88 Investment Partners LLC raised its stake in Revolve Group by 104.4% during the 1st quarter. Pier 88 Investment Partners LLC now owns 32,780 shares of the company's stock valued at $704,000 after acquiring an additional 16,740 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of Revolve Group during the first quarter valued at about $231,000. Segall Bryant & Hamill LLC bought a new stake in shares of Revolve Group during the 1st quarter worth about $5,246,000. CWM LLC raised its position in shares of Revolve Group by 40.4% during the 1st quarter. CWM LLC now owns 2,905 shares of the company's stock worth $62,000 after buying an additional 836 shares in the last quarter. Finally, Stephens Investment Management Group LLC raised its position in shares of Revolve Group by 9.7% during the 1st quarter. Stephens Investment Management Group LLC now owns 636,051 shares of the company's stock worth $13,669,000 after buying an additional 56,290 shares in the last quarter. Institutional investors own 67.60% of the company's stock.

Revolve Group Price Performance

NYSE RVLV traded down $0.38 on Tuesday, hitting $21.12. 134,837 shares of the company were exchanged, compared to its average volume of 1,378,664. Revolve Group, Inc. has a twelve month low of $16.80 and a twelve month high of $39.58. The company's 50 day moving average price is $20.97 and its 200-day moving average price is $23.22. The firm has a market capitalization of $1.50 billion, a P/E ratio of 30.56, a price-to-earnings-growth ratio of 2.96 and a beta of 1.98.

Revolve Group (NYSE:RVLV - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.13 by $0.03. Revolve Group had a net margin of 4.37% and a return on equity of 11.76%. The business had revenue of $296.71 million for the quarter, compared to analyst estimates of $297.56 million. During the same quarter in the previous year, the business earned $0.15 earnings per share. The firm's revenue was up 9.7% compared to the same quarter last year. As a group, equities analysts expect that Revolve Group, Inc. will post 0.6 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on RVLV. Barclays reissued a "reduce" rating on shares of Revolve Group in a report on Wednesday, May 7th. Morgan Stanley boosted their price objective on Revolve Group from $19.00 to $22.00 and gave the stock an "equal weight" rating in a research note on Monday, July 21st. Raymond James Financial boosted their price objective on Revolve Group from $21.00 to $25.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 22nd. UBS Group reiterated a "neutral" rating and issued a $22.00 price target (up from $19.00) on shares of Revolve Group in a research report on Friday. Finally, Robert W. Baird boosted their price target on shares of Revolve Group from $23.00 to $25.00 and gave the stock a "neutral" rating in a research report on Friday, June 6th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $26.73.

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.