Revolve Group, Inc. (NYSE:RVLV) Shares Bought by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC grew its stake in Revolve Group, Inc. (NYSE:RVLV - Free Report) by 16.2% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 588,964 shares of the company's stock after buying an additional 82,043 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.83% of Revolve Group worth $12,963,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in RVLV. Castlekeep Investment Advisors LLC acquired a new position in shares of Revolve Group during the fourth quarter worth $65,000. Northwest & Ethical Investments L.P. purchased a new stake in Revolve Group during the 4th quarter worth about $87,000. Harvest Fund Management Co. Ltd acquired a new position in shares of Revolve Group during the 4th quarter worth about $117,000. Wallace Advisory Group LLC purchased a new position in shares of Revolve Group in the 1st quarter valued at about $136,000. Finally, Neo Ivy Capital Management purchased a new position in shares of Revolve Group in the 4th quarter valued at about $156,000. Hedge funds and other institutional investors own 67.60% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Barclays reaffirmed a "reduce" rating on shares of Revolve Group in a report on Wednesday, May 7th. KeyCorp dropped their target price on shares of Revolve Group from $37.00 to $25.00 and set an "overweight" rating on the stock in a research report on Wednesday, May 7th. Piper Sandler reduced their price target on shares of Revolve Group from $35.00 to $22.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Morgan Stanley decreased their price objective on shares of Revolve Group from $29.00 to $21.00 and set an "equal weight" rating for the company in a research note on Thursday, April 17th. Finally, Stifel Nicolaus cut their target price on Revolve Group from $40.00 to $28.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $26.20.

Revolve Group Stock Performance

RVLV traded down $0.22 during trading on Friday, hitting $21.33. The stock had a trading volume of 718,910 shares, compared to its average volume of 1,205,344. The firm has a market capitalization of $1.52 billion, a P/E ratio of 30.91, a PEG ratio of 3.12 and a beta of 1.98. Revolve Group, Inc. has a twelve month low of $14.87 and a twelve month high of $39.58. The company's 50-day moving average price is $20.37 and its 200 day moving average price is $24.72.

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

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.