Revolve Group, Inc. $RVLV Shares Purchased by Stephens Investment Management Group LLC

Key Points

• Stephens Investment Management Group LLC increased its stake in Revolve Group by 28.6% during the second quarter, acquiring an additional 181,929 shares, bringing its total ownership to 817,980 shares valued at approximately $16.4 million.
• Revolve Group's latest quarterly earnings report showed an earnings per share (EPS) of $0.14, surpassing estimates, with revenue of $308.97 million marking a 9.3% increase from the previous year.
• Analysts have set new price targets for Revolve Group, with Morgan Stanley raising its target from $22 to $24, while Zacks Research downgraded the stock from a "strong-buy" to a "hold" rating.

Stephens Investment Management Group LLC grew its stake in shares of Revolve Group, Inc. (NYSE:RVLV - Free Report) by 28.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 817,980 shares of the company's stock after acquiring an additional 181,929 shares during the quarter. Stephens Investment Management Group LLC owned about 1.15% of Revolve Group worth $16,400,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of RVLV. Summit Securities Group LLC acquired a new position in shares of Revolve Group during the 1st quarter valued at about $25,000. CWM LLC grew its holdings in shares of Revolve Group by 40.4% during the 1st quarter. CWM LLC now owns 2,905 shares of the company's stock worth $62,000 after purchasing an additional 836 shares during the period. Petrus Trust Company LTA purchased a new stake in shares of Revolve Group during the 1st quarter worth about $203,000. Perbak Capital Partners LLP purchased a new stake in shares of Revolve Group during the 1st quarter worth about $221,000. Finally, DRW Securities LLC purchased a new stake in shares of Revolve Group during the 1st quarter worth about $226,000. Institutional investors and hedge funds own 67.60% of the company's stock.

Revolve Group Trading Down 0.7%

RVLV stock opened at $22.34 on Thursday. The firm has a market cap of $1.59 billion, a P/E ratio of 36.04, a P/E/G ratio of 2.45 and a beta of 1.88. Revolve Group, Inc. has a 12-month low of $16.80 and a 12-month high of $39.58. The stock's 50 day simple moving average is $22.23 and its 200 day simple moving average is $21.09.

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

Analysts Set New Price Targets

A number of analysts have recently issued reports on RVLV shares. Morgan Stanley boosted their target price on Revolve Group from $22.00 to $24.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 6th. Zacks Research cut Revolve Group from a "strong-buy" rating to a "hold" rating in a report on Monday, October 6th. Piper Sandler boosted their target price on Revolve Group from $22.00 to $25.00 and gave the stock an "overweight" rating in a report on Wednesday, August 6th. Roth Capital reiterated a "buy" rating and set a $24.00 target price (up previously from $19.00) on shares of Revolve Group in a report on Tuesday, August 5th. Finally, UBS Group boosted their target price on Revolve Group from $22.00 to $23.00 and gave the stock a "neutral" rating in a report on Tuesday. Ten analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $27.47.

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.

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