Fuller & Thaler Asset Management Inc. Purchases 506,225 Shares of Revolve Group, Inc. $RVLV

Key Points

• Fuller & Thaler Asset Management Inc. increased its stake in Revolve Group by 27.3%, now holding 3.32% of the company valued at approximately $50.8 million.
• Revolve Group had a strong quarterly earnings report, with an EPS of $0.14, surpassing estimates and showing a 9.3% revenue growth compared to the previous year.
• Analyst ratings for Revolve Group are generally positive, with a consensus rating of "Moderate Buy" and a projected price target of $27.40.

Fuller & Thaler Asset Management Inc. lifted its stake in shares of Revolve Group, Inc. (NYSE:RVLV - Free Report) by 27.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,363,896 shares of the company's stock after purchasing an additional 506,225 shares during the period. Fuller & Thaler Asset Management Inc. owned approximately 3.32% of Revolve Group worth $50,800,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position 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 worth $730,000 after purchasing an additional 668 shares in the last quarter. CWM LLC lifted its position in shares of Revolve Group by 40.4% during the first quarter. CWM LLC now owns 2,905 shares of the company's stock worth $62,000 after purchasing an additional 836 shares in the last quarter. Precision Wealth Strategies LLC lifted 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 worth $294,000 after purchasing an additional 1,051 shares in the last quarter. Summit Securities Group LLC acquired a new position in shares of Revolve Group during the first quarter worth approximately $25,000. Finally, Azzad Asset Management Inc. ADV lifted 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 worth $1,157,000 after purchasing an additional 1,338 shares in the last quarter. 67.60% of the stock is currently owned by institutional investors and hedge funds.

Revolve Group Stock Up 6.2%

NYSE RVLV traded up $1.3130 during trading hours on Friday, hitting $22.5030. The company's stock had a trading volume of 1,282,087 shares, compared to its average volume of 1,502,687. Revolve Group, Inc. has a twelve month low of $16.80 and a twelve month high of $39.58. The firm has a market capitalization of $1.60 billion, a P/E ratio of 36.30, a PEG ratio of 2.46 and a beta of 1.98. The stock has a fifty day moving average of $20.95 and a 200 day moving average of $21.91.

Revolve Group (NYSE:RVLV - Get Free Report) last issued its 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 firm had revenue of $308.97 million during the quarter, compared to the consensus estimate of $297.91 million. During the same quarter in the prior year, the firm earned $0.21 earnings per share. The business's quarterly revenue was up 9.3% on a year-over-year basis. On average, analysts predict that Revolve Group, Inc. will post 0.6 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Morgan Stanley upped their target price 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, August 6th. Roth Capital restated a "buy" rating and issued a $24.00 price objective (up from $19.00) on shares of Revolve Group in a report on Tuesday, August 5th. KeyCorp cut their price objective 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. Barclays restated a "reduce" rating on shares of Revolve Group in a report on Wednesday, May 7th. Finally, Piper Sandler increased their price objective on shares of Revolve Group from $22.00 to $25.00 and gave the company an "overweight" rating in a report on Wednesday, August 6th. Ten equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus 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.