Revolve Group, Inc. (NYSE:RVLV) Shares Acquired by NBC Securities Inc.

NBC Securities Inc. increased its stake in shares of Revolve Group, Inc. (NYSE:RVLV - Free Report) by 51,257.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,353 shares of the company's stock after acquiring an additional 13,327 shares during the period. NBC Securities Inc.'s holdings in Revolve Group were worth $286,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of RVLV. Balyasny Asset Management L.P. boosted its position in Revolve Group by 596.9% during the fourth quarter. Balyasny Asset Management L.P. now owns 795,607 shares of the company's stock worth $26,645,000 after purchasing an additional 681,451 shares in the last quarter. Driehaus Capital Management LLC acquired a new position in shares of Revolve Group in the 4th quarter valued at $14,531,000. Algert Global LLC lifted its stake in shares of Revolve Group by 235.6% in the 4th quarter. Algert Global LLC now owns 303,289 shares of the company's stock valued at $10,157,000 after purchasing an additional 212,914 shares during the last quarter. Woodline Partners LP acquired a new position in shares of Revolve Group in the 4th quarter valued at $6,477,000. Finally, Federated Hermes Inc. grew its stake in shares of Revolve Group by 205.6% in the fourth quarter. Federated Hermes Inc. now owns 237,314 shares of the company's stock valued at $7,948,000 after buying an additional 159,655 shares in the last quarter. Hedge funds and other institutional investors own 67.60% of the company's stock.

Revolve Group Stock Down 3.0%

NYSE RVLV traded down $0.65 during mid-day trading on Wednesday, hitting $21.17. The stock had a trading volume of 835,607 shares, compared to its average volume of 1,198,745. Revolve Group, Inc. has a 52-week low of $14.87 and a 52-week high of $39.58. The company has a market cap of $1.51 billion, a price-to-earnings ratio of 37.81, a P/E/G ratio of 1.48 and a beta of 2.02. The company has a 50 day simple moving average of $20.15 and a 200 day simple moving average of $26.51.

Revolve Group (NYSE:RVLV - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.16 EPS for the quarter, beating analysts' consensus estimates of $0.13 by $0.03. The firm had revenue of $296.71 million for the quarter, compared to analysts' expectations of $297.56 million. Revolve Group had a return on equity of 10.17% and a net margin of 3.72%. Revolve Group's quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.15 EPS. As a group, equities analysts anticipate that Revolve Group, Inc. will post 0.6 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on RVLV. Raymond James dropped their price objective on Revolve Group from $25.00 to $21.00 and set an "outperform" rating for the company in a research note on Wednesday, May 7th. KeyCorp decreased their price target on Revolve Group from $37.00 to $25.00 and set an "overweight" rating for the company in a report on Wednesday, May 7th. Jefferies Financial Group upgraded Revolve Group from a "hold" rating to a "buy" rating and set a $30.00 price target on the stock in a research note on Friday, March 14th. UBS Group dropped their price target on Revolve Group from $22.00 to $19.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 7th. Finally, BMO Capital Markets upped their price objective on Revolve Group from $15.00 to $19.00 and gave the company a "market perform" rating in a research note on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, Revolve Group has an average rating of "Moderate Buy" and an average target price of $26.20.

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.