Nuveen LLC Takes $2.15 Million Position in Revolve Group, Inc. $RVLV

Key Points

• Nuveen LLC has invested approximately $2.15 million in Revolve Group, acquiring over 100,000 shares, which represents 0.14% of the company's stock as of the end of the last quarter.
• Revolve Group has received multiple buy ratings from analysts, with target prices increasing to as high as $25.00, indicating positive sentiment towards the company's growth potential.
• For the latest quarter, Revolve Group reported earnings of $0.14 EPS, exceeding estimates, and recorded a 9.3% year-over-year growth in revenue totaling approximately $308.97 million.

Nuveen LLC bought a new position in shares of Revolve Group, Inc. (NYSE:RVLV - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 100,216 shares of the company's stock, valued at approximately $2,154,000. Nuveen LLC owned approximately 0.14% of Revolve Group as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of 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 period. CWM LLC grew its stake in Revolve Group by 40.4% in the first quarter. CWM LLC now owns 2,905 shares of the company's stock valued at $62,000 after acquiring an additional 836 shares during the period. Precision Wealth Strategies LLC increased its holdings 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 acquiring an additional 1,051 shares in the last quarter. Azzad Asset Management Inc. ADV raised its position 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 worth $1,157,000 after purchasing an additional 1,338 shares during the period. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Revolve Group by 15.5% in the 4th quarter. Ameriprise Financial Inc. now owns 10,190 shares of the company's stock worth $341,000 after purchasing an additional 1,364 shares in the last quarter. 67.60% of the stock is currently owned by institutional investors.

Revolve Group Stock Performance

RVLV stock traded up $1.01 during mid-day trading on Wednesday, hitting $22.47. The company had a trading volume of 342,187 shares, compared to its average volume of 1,382,633. Revolve Group, Inc. has a 12 month low of $16.80 and a 12 month high of $39.58. The stock's fifty day moving average price is $21.20 and its two-hundred day moving average price is $21.58. The firm has a market cap of $1.60 billion, a PE ratio of 36.16, a price-to-earnings-growth ratio of 2.44 and a beta of 1.94.

Revolve Group (NYSE:RVLV - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.14 EPS for the quarter, topping analysts' consensus estimates of $0.12 by $0.02. The firm had revenue of $308.97 million during the quarter, compared to analyst estimates of $297.91 million. Revolve Group had a return on equity of 10.17% and a net margin of 3.83%.The business's revenue for the quarter was up 9.3% on a year-over-year basis. During the same period last year, the company earned $0.21 earnings per share. Equities analysts anticipate that Revolve Group, Inc. will post 0.6 earnings per share for the current year.

Analyst Upgrades and Downgrades

RVLV has been the topic of several research reports. UBS Group restated a "neutral" rating and set a $22.00 price objective (up previously from $19.00) on shares of Revolve Group in a report on Friday, July 25th. Piper Sandler upped their target price on shares of Revolve Group from $22.00 to $25.00 and gave the stock an "overweight" rating in a report on Wednesday, August 6th. Robert W. Baird lifted their target price on Revolve Group from $23.00 to $25.00 and gave the company a "neutral" rating in a research report on Friday, June 6th. KeyCorp lowered their price target on Revolve Group from $37.00 to $25.00 and set an "overweight" rating for the company in a research report on Wednesday, May 7th. Finally, Barclays reaffirmed a "reduce" rating on shares of Revolve Group in a report on Wednesday, May 7th. Ten equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $27.40.

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.