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

Allspring Global Investments Holdings LLC grew its stake in shares of Revolve Group, Inc. (NYSE:RVLV - Free Report) by 16.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 588,964 shares of the company's stock after acquiring an additional 82,043 shares during the period. Allspring Global Investments Holdings LLC owned 0.83% of Revolve Group worth $12,963,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. AlphaQuest LLC grew its stake in shares of Revolve Group by 7.7% during the fourth quarter. AlphaQuest LLC now owns 5,535 shares of the company's stock valued at $185,000 after buying an additional 396 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted 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 last quarter. Precision Wealth Strategies LLC increased its position 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 increased 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 valued at $1,157,000 after acquiring an additional 1,338 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its position in shares of Revolve Group by 15.5% during the fourth quarter. Ameriprise Financial Inc. now owns 10,190 shares of the company's stock valued at $341,000 after acquiring an additional 1,364 shares in the last quarter. Hedge funds and other institutional investors own 67.60% of the company's stock.

Revolve Group Trading Down 4.2%

Shares of RVLV traded down $0.89 during mid-day trading on Monday, hitting $20.38. The company's stock had a trading volume of 911,525 shares, compared to its average volume of 1,206,057. The company's 50-day moving average is $20.39 and its 200-day moving average is $24.39. Revolve Group, Inc. has a 52-week low of $14.87 and a 52-week high of $39.58. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of 29.54, a PEG ratio of 3.08 and a beta of 1.98.

Revolve Group (NYSE:RVLV - Get Free Report) last posted 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. Revolve Group had a net margin of 4.37% and a return on equity of 11.76%. The company had revenue of $296.71 million during the quarter, compared to analysts' expectations of $297.56 million. During the same quarter in the prior year, the company posted $0.15 earnings per share. Revolve Group's revenue for the quarter was up 9.7% compared to the same quarter last year. As a group, sell-side analysts predict that Revolve Group, Inc. will post 0.6 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

RVLV has been the subject of a number of research analyst reports. Cowen reaffirmed a "buy" rating on shares of Revolve Group in a research report on Friday, June 6th. Morgan Stanley dropped their price target on shares of Revolve Group from $29.00 to $21.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 17th. 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 research note on Thursday, April 10th. Raymond James Financial reduced their target price 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. Finally, KeyCorp reduced their target price on shares of Revolve Group from $37.00 to $25.00 and set an "overweight" rating on the stock in a report on Wednesday, May 7th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, Revolve Group presently has an average rating of "Moderate Buy" and an average target price of $26.20.

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.