Madison Asset Management LLC Acquires 20,974 Shares of Revolve Group, Inc. (NYSE:RVLV)

Madison Asset Management LLC boosted its position in Revolve Group, Inc. (NYSE:RVLV - Free Report) by 19.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 128,660 shares of the company's stock after buying an additional 20,974 shares during the quarter. Madison Asset Management LLC owned 0.18% of Revolve Group worth $2,765,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its holdings in Revolve Group by 5,057.8% in the 1st quarter. GAMMA Investing LLC now owns 11,605 shares of the company's stock worth $249,000 after buying an additional 11,380 shares in the last quarter. Deutsche Bank AG lifted its holdings in Revolve Group by 6.2% in the 4th quarter. Deutsche Bank AG now owns 50,884 shares of the company's stock worth $1,704,000 after buying an additional 2,976 shares in the last quarter. Hsbc Holdings PLC lifted its holdings in Revolve Group by 21.9% in the 4th quarter. Hsbc Holdings PLC now owns 16,445 shares of the company's stock worth $555,000 after buying an additional 2,955 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Revolve Group in the 4th quarter worth $333,000. Finally, Castlekeep Investment Advisors LLC acquired a new position in Revolve Group in the 4th quarter worth $65,000. Institutional investors and hedge funds own 67.60% of the company's stock.

Revolve Group Price Performance

Shares of RVLV stock traded up $0.48 on Friday, hitting $21.75. The company's stock had a trading volume of 998,667 shares, compared to its average volume of 1,046,211. The stock has a market capitalization of $1.55 billion, a price-to-earnings ratio of 31.52, a P/E/G ratio of 2.96 and a beta of 1.98. Revolve Group, Inc. has a fifty-two week low of $16.80 and a fifty-two week high of $39.58. The firm's fifty day moving average price is $20.95 and its 200-day moving average price is $23.33.

Revolve Group (NYSE:RVLV - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.16 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $296.71 million during the quarter, compared to analysts' expectations of $297.56 million. During the same period in the prior year, the company posted $0.15 earnings per share. Revolve Group's revenue for the quarter was up 9.7% on a year-over-year basis. Analysts predict that Revolve Group, Inc. will post 0.6 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on RVLV shares. 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. UBS Group boosted their price objective on shares of Revolve Group from $19.00 to $22.00 and gave the company a "neutral" rating in a research report on Friday. KeyCorp reduced their target price 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. Finally, Morgan Stanley boosted their target price on shares of Revolve Group from $19.00 to $22.00 and gave the company an "equal weight" rating in a research note on Monday, July 21st. One research analyst has rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $26.73.

Revolve Group Company 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.