Revolve Group, Inc. (NYSE:RVLV) Shares Sold by Polen Capital Management LLC

Key Points

• Polen Capital Management LLC significantly reduced its stake in Revolve Group by 47.4%, owning 160,282 shares after selling 144,247 shares in the first quarter, now valued at approximately $3.44 million.
• Revolve Group reported a quarterly EPS of $0.14, exceeding expectations of $0.12, with revenues of $308.97 million, reflecting a 9.3% year-over-year increase.
• Several analysts have upgraded their price targets for Revolve Group, with most recent targets ranging from $22.00 to $27.40, while maintaining a consensus rating of "Moderate Buy".

Polen Capital Management LLC decreased its position in Revolve Group, Inc. (NYSE:RVLV - Free Report) by 47.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 160,282 shares of the company's stock after selling 144,247 shares during the period. Polen Capital Management LLC owned 0.23% of Revolve Group worth $3,444,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in RVLV. Balyasny Asset Management L.P. grew its stake in shares of 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 purchased a new stake in shares of Revolve Group in the 4th quarter valued at approximately $14,531,000. Segall Bryant & Hamill LLC purchased a new stake in shares of Revolve Group in the 1st quarter valued at approximately $5,246,000. Algert Global LLC grew 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 buying an additional 212,914 shares during the period. Finally, Woodline Partners LP purchased a new stake in shares of Revolve Group in the 4th quarter valued at approximately $6,477,000. Hedge funds and other institutional investors own 67.60% of the company's stock.

Revolve Group Stock Down 0.6%

Shares of RVLV stock opened at $19.61 on Friday. Revolve Group, Inc. has a 52 week low of $16.80 and a 52 week high of $39.58. The stock has a market capitalization of $1.40 billion, a PE ratio of 31.63, a P/E/G ratio of 2.22 and a beta of 1.98. The firm has a 50 day moving average of $21.03 and a two-hundred day moving average of $22.67.

Revolve Group (NYSE:RVLV - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.12 by $0.02. Revolve Group had a net margin of 3.83% and a return on equity of 10.17%. The company had revenue of $308.97 million during the quarter, compared to analysts' expectations of $297.91 million. During the same quarter last year, the company posted $0.21 EPS. The firm's revenue was up 9.3% compared to the same quarter last year. Analysts expect that Revolve Group, Inc. will post 0.6 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. UBS Group reissued a "neutral" rating and issued a $22.00 price target (up previously from $19.00) on shares of Revolve Group in a research note on Friday, July 25th. Robert W. Baird increased their price objective on shares of Revolve Group from $23.00 to $25.00 and gave the stock a "neutral" rating in a research report on Friday, June 6th. Piper Sandler increased their price objective on shares of Revolve Group from $22.00 to $25.00 and gave the stock an "overweight" rating in a research report on Wednesday. Raymond James Financial increased their price objective on shares of Revolve Group from $21.00 to $25.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 22nd. Finally, Morgan Stanley increased their price objective on shares of Revolve Group from $22.00 to $24.00 and gave the stock an "equal weight" rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus 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.

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