Stephens Investment Management Group LLC Acquires 56,290 Shares of Revolve Group, Inc. (NYSE:RVLV)

Stephens Investment Management Group LLC raised its position in Revolve Group, Inc. (NYSE:RVLV - Free Report) by 9.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 636,051 shares of the company's stock after purchasing an additional 56,290 shares during the period. Stephens Investment Management Group LLC owned approximately 0.89% of Revolve Group worth $13,669,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of RVLV. FMR LLC lifted its stake in Revolve Group by 0.7% in the fourth quarter. FMR LLC now owns 5,743,151 shares of the company's stock valued at $192,338,000 after acquiring an additional 38,694 shares during the last quarter. Vanguard Group Inc. lifted its stake in Revolve Group by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 3,832,207 shares of the company's stock valued at $128,341,000 after acquiring an additional 65,602 shares during the last quarter. Balyasny Asset Management L.P. lifted its stake in Revolve Group by 596.9% in the fourth quarter. Balyasny Asset Management L.P. now owns 795,607 shares of the company's stock valued at $26,645,000 after acquiring an additional 681,451 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Revolve Group by 16.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 588,964 shares of the company's stock valued at $12,963,000 after acquiring an additional 82,043 shares during the last quarter. Finally, Driehaus Capital Management LLC acquired a new stake in Revolve Group in the fourth quarter valued at $14,531,000. Institutional investors own 67.60% of the company's stock.

Revolve Group Trading Up 2.1%

Shares of RVLV traded up $0.45 on Thursday, reaching $21.52. 628,561 shares of the company's stock traded hands, compared to its average volume of 1,209,238. The stock has a market cap of $1.53 billion, a PE ratio of 31.19, a PEG ratio of 3.05 and a beta of 1.98. The stock's 50 day simple moving average is $20.75 and its two-hundred day simple moving average is $23.84. Revolve Group, Inc. has a 52-week low of $16.77 and a 52-week high of $39.58.

Revolve Group (NYSE:RVLV - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.13 by $0.03. Revolve Group had a return on equity of 11.76% and a net margin of 4.37%. The business had revenue of $296.71 million during the quarter, compared to the consensus estimate of $297.56 million. During the same period last year, the business posted $0.15 earnings per share. The business's revenue for the quarter was up 9.7% on a year-over-year basis. Analysts forecast that Revolve Group, Inc. will post 0.6 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on RVLV. UBS Group cut their price target on shares of Revolve Group from $22.00 to $19.00 and set a "neutral" rating for the company in a research note on Wednesday, May 7th. Barclays restated a "reduce" rating on shares of Revolve Group in a research note on Wednesday, May 7th. Morgan Stanley cut their target price on shares of Revolve Group from $29.00 to $21.00 and set an "equal weight" rating for the company in a research note on Thursday, April 17th. Cowen restated a "buy" rating on shares of Revolve Group in a research note on Friday, June 6th. Finally, Robert W. Baird raised their target price on shares of Revolve Group from $23.00 to $25.00 and gave the stock a "neutral" rating in a research note on Friday, June 6th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $26.20.

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.