Trexquant Investment LP Increases Stock Holdings in Revolve Group, Inc. $RVLV

Key Points

• Trexquant Investment LP increased its stake in Revolve Group by 56.3%, owning 96,459 shares worth approximately $2.07 million.
• Revolve Group's Q2 earnings exceeded expectations with an EPS of $0.14 against a consensus estimate of $0.12, alongside a revenue of $308.97 million.
• Analysts maintain a consensus rating of "Moderate Buy" for RVLV with a price target averaging $27.40, indicating potential upside from current levels.

Trexquant Investment LP raised its holdings in Revolve Group, Inc. (NYSE:RVLV - Free Report) by 56.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 96,459 shares of the company's stock after purchasing an additional 34,736 shares during the quarter. Trexquant Investment LP owned 0.14% of Revolve Group worth $2,073,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of RVLV. Raymond James Financial Inc. acquired a new position in Revolve Group during the fourth quarter worth $333,000. First Trust Advisors LP acquired a new position in Revolve Group during the fourth quarter worth $209,000. Price T Rowe Associates Inc. MD grew its holdings in Revolve Group by 9.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 32,521 shares of the company's stock worth $1,090,000 after acquiring an additional 2,683 shares during the period. Northern Trust Corp grew its holdings in Revolve Group by 4.0% during the fourth quarter. Northern Trust Corp now owns 379,788 shares of the company's stock worth $12,719,000 after acquiring an additional 14,703 shares during the period. Finally, Schonfeld Strategic Advisors LLC acquired a new position in Revolve Group during the fourth quarter worth $1,142,000. Institutional investors and hedge funds own 67.60% of the company's stock.

Analyst Ratings Changes

RVLV has been the topic of a number of research analyst reports. Robert W. Baird boosted their target price on Revolve Group from $23.00 to $25.00 and gave the stock a "neutral" rating in a research report on Friday, June 6th. UBS Group reiterated a "neutral" rating and set a $22.00 target price (up from $19.00) on shares of Revolve Group in a research report on Friday, July 25th. Roth Capital reiterated a "buy" rating and set a $24.00 target price (up from $19.00) on shares of Revolve Group in a research report on Tuesday, August 5th. Morgan Stanley lifted their price objective on Revolve Group from $22.00 to $24.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 6th. Finally, Raymond James Financial lifted their price objective on Revolve Group from $21.00 to $25.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 22nd. Ten research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Revolve Group presently has an average rating of "Moderate Buy" and a consensus target price of $27.40.

Revolve Group Stock Down 0.6%

Shares of NYSE RVLV traded down $0.13 during trading on Tuesday, hitting $23.33. 631,770 shares of the company traded hands, compared to its average volume of 1,374,994. The company has a 50-day moving average price of $21.42 and a 200-day moving average price of $21.33. The firm has a market capitalization of $1.66 billion, a P/E ratio of 37.74, a P/E/G ratio of 2.60 and a beta of 1.94. Revolve Group, Inc. has a 1 year low of $16.80 and a 1 year high of $39.58.

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

About Revolve Group

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.