Miracle Mile Advisors LLC Has $621,000 Stake in Revolve Group, Inc. (NYSE:RVLV)

Miracle Mile Advisors LLC trimmed its holdings in shares of Revolve Group, Inc. (NYSE:RVLV - Free Report) by 59.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 28,908 shares of the company's stock after selling 42,527 shares during the quarter. Miracle Mile Advisors LLC's holdings in Revolve Group were worth $621,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. FMR LLC increased its holdings in Revolve Group by 0.7% in the 4th quarter. FMR LLC now owns 5,743,151 shares of the company's stock valued at $192,338,000 after buying an additional 38,694 shares during the period. Vanguard Group Inc. increased its holdings in Revolve Group by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 3,832,207 shares of the company's stock valued at $128,341,000 after buying an additional 65,602 shares during the period. Balyasny Asset Management L.P. increased its holdings in Revolve Group by 596.9% in the 4th quarter. Balyasny Asset Management L.P. now owns 795,607 shares of the company's stock valued at $26,645,000 after buying an additional 681,451 shares during the period. Driehaus Capital Management LLC bought a new position in Revolve Group in the 4th quarter valued at about $14,531,000. Finally, Wells Fargo & Company MN increased its holdings in Revolve Group by 1.2% in the 4th quarter. Wells Fargo & Company MN now owns 411,738 shares of the company's stock valued at $13,789,000 after buying an additional 4,946 shares during the period. 67.60% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on RVLV. BMO Capital Markets lifted their price target on shares of Revolve Group from $15.00 to $19.00 and gave the company a "market perform" rating in a report on Wednesday, February 26th. Jefferies Financial Group raised shares of Revolve Group from a "hold" rating to a "buy" rating and set a $30.00 price target on the stock in a report on Friday, March 14th. Cowen reaffirmed a "buy" rating on shares of Revolve Group in a report on Friday, June 6th. Stifel Nicolaus decreased their price target on shares of Revolve Group from $40.00 to $28.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Finally, Raymond James decreased their price target on shares of Revolve Group from $25.00 to $21.00 and set an "outperform" rating on the stock in a report on Wednesday, May 7th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $26.20.

Revolve Group Trading Down 3.2%

NYSE:RVLV traded down $0.68 during mid-day trading on Friday, hitting $20.28. 1,198,046 shares of the company's stock were exchanged, compared to its average volume of 1,200,355. The company has a 50 day simple moving average of $20.20 and a 200-day simple moving average of $26.27. Revolve Group, Inc. has a fifty-two week low of $14.87 and a fifty-two week high of $39.58. The firm has a market capitalization of $1.44 billion, a P/E ratio of 36.21, a PEG ratio of 1.48 and a beta of 2.02.

Revolve Group (NYSE:RVLV - Get Free Report) last issued its quarterly earnings results 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. The firm had revenue of $296.71 million for the quarter, compared to the consensus estimate of $297.56 million. Revolve Group had a net margin of 3.72% and a return on equity of 10.17%. The company's revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.15 EPS. As a group, analysts expect 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.