Stephens Investment Management Group LLC Has $13.67 Million Holdings in Revolve Group, Inc. (NYSE:RVLV)

Stephens Investment Management Group LLC boosted its holdings in shares of Revolve Group, Inc. (NYSE:RVLV - Free Report) by 9.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 636,051 shares of the company's stock after buying an additional 56,290 shares during the quarter. Stephens Investment Management Group LLC owned approximately 0.89% of Revolve Group worth $13,669,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the company. FMR LLC boosted its stake in shares of 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 buying an additional 38,694 shares during the period. Vanguard Group Inc. boosted its stake in shares of 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 buying an additional 65,602 shares during the period. Balyasny Asset Management L.P. boosted its stake in shares of 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 buying an additional 681,451 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in shares of 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 buying an additional 82,043 shares during the period. Finally, Driehaus Capital Management LLC bought a new stake in shares of Revolve Group in the fourth quarter valued at approximately $14,531,000. Institutional investors own 67.60% of the company's stock.

Wall Street Analyst Weigh In

RVLV has been the subject of several recent research reports. KeyCorp cut their price target on Revolve Group from $37.00 to $25.00 and set an "overweight" 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. Raymond James Financial cut their target price on Revolve Group from $25.00 to $21.00 and set an "outperform" rating for the company in a research note on Wednesday, May 7th. Piper Sandler cut their target price on Revolve Group from $35.00 to $22.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Finally, Cowen restated a "buy" rating on shares of Revolve Group in a research note on Friday, June 6th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $26.20.

Revolve Group Stock Performance

Shares of RVLV opened at $21.58 on Monday. Revolve Group, Inc. has a 52 week low of $16.08 and a 52 week high of $39.58. The stock has a market capitalization of $1.54 billion, a price-to-earnings ratio of 31.27, a PEG ratio of 3.12 and a beta of 1.98. The stock has a fifty day moving average of $20.50 and a 200-day moving average of $24.05.

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

Revolve Group Company 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.

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