Revolve Group, Inc. $RVLV Shares Purchased by Bank of America Corp DE

Key Points

• Bank of America increased its Revolve Group stake by 48.2% in the first quarter, adding 203,216 shares to own 624,985 shares valued at approximately $14.1 million. Institutional investors and hedge funds collectively own 67.6% of RVLV.
• Analysts maintain a favorable outlook, with seven Buy ratings and six Holds producing a consensus “Moderate Buy” rating and an average price target of $30.08. Several firms recently raised their targets, including TD Cowen to $31 and Piper Sandler to $30.
• Revolve reported quarterly adjusted earnings of $0.26 per share, exceeding estimates of $0.21, while revenue rose 12.5% year over year to $347.4 million. Shares opened at $23.61, down 2.2%, with a 12-month range of $17.35 to $31.68.

Bank of America Corp DE raised its holdings in Revolve Group, Inc. (NYSE:RVLV - Free Report) by 48.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 624,985 shares of the company's stock after acquiring an additional 203,216 shares during the quarter. Bank of America Corp DE owned 0.87% of Revolve Group worth $14,131,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Kestra Advisory Services LLC acquired a new position in Revolve Group in the 4th quarter valued at $40,000. Quarry LP increased its position in Revolve Group by 6,932.1% during the third quarter. Quarry LP now owns 3,727 shares of the company's stock worth $79,000 after purchasing an additional 3,674 shares during the last quarter. Quantbot Technologies LP purchased a new position in Revolve Group during the second quarter worth approximately $159,000. CWM LLC boosted its holdings in shares of Revolve Group by 182.2% in the 4th quarter. CWM LLC now owns 6,271 shares of the company's stock valued at $189,000 after purchasing an additional 4,049 shares during the last quarter. Finally, Jefferies Financial Group Inc. purchased a new stake in shares of Revolve Group during the 4th quarter valued at $216,000. 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 recent research reports. TD Cowen lifted their price target on shares of Revolve Group from $28.00 to $31.00 and gave the company a "buy" rating in a research report on Wednesday, August 5th. Roth Capital reaffirmed a "buy" rating and issued a $37.00 price objective on shares of Revolve Group in a report on Wednesday, August 5th. Morgan Stanley set a $27.00 target price on shares of Revolve Group in a report on Wednesday, May 6th. Robert W. Baird set a $28.00 price target on Revolve Group in a report on Wednesday, May 6th. Finally, Piper Sandler increased their target price on Revolve Group from $27.00 to $30.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 5th. Seven equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $30.08.

Revolve Group Stock Down 2.2%

NYSE RVLV opened at $23.61 on Friday. Revolve Group, Inc. has a twelve month low of $17.35 and a twelve month high of $31.68. The stock has a market cap of $1.68 billion, a P/E ratio of 23.38, a PEG ratio of 3.01 and a beta of 1.60. The company's 50-day simple moving average is $23.80 and its 200 day simple moving average is $23.35.

Revolve Group (NYSE:RVLV - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.26 EPS for the quarter, beating analysts' consensus estimates of $0.21 by $0.05. Revolve Group had a net margin of 5.54% and a return on equity of 13.38%. The firm had revenue of $347.41 million for the quarter, compared to analyst estimates of $341.91 million. During the same period in the previous year, the business earned $0.14 earnings per share. The company's revenue for the quarter was up 12.5% compared to the same quarter last year. Research analysts anticipate that Revolve Group, Inc. will post 0.82 earnings per share for the current year.

About Revolve Group

Revolve Group, Inc operates as a leading online fashion retailer primarily serving millennial and Gen Z consumers through its flagship e-commerce platform. The company offers a curated assortment of apparel, accessories and beauty products from more than 500 established and emerging brands, alongside private label labels covering contemporary and premium segments. With a focus on trend-driven merchandise and seamless user experience, the website features shoppable editorial content and digital styling advice aimed at strengthening customer engagement and brand loyalty.

Founded in 2003 and headquartered in Cerritos, California, Revolve has expanded its footprint beyond North America by launching localized sites and logistics centers in Europe and the Middle East.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source