UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Revolve Group, Inc. (NYSE:RVLV - Free Report) by 25.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 98,920 shares of the company's stock after buying an additional 19,965 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.14% of Revolve Group worth $3,313,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also recently made changes to their positions in RVLV. Balyasny Asset Management L.P. lifted its holdings 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 purchasing an additional 681,451 shares in the last quarter. Driehaus Capital Management LLC purchased a new stake in Revolve Group in the fourth quarter worth $14,531,000. Algert Global LLC lifted its holdings in Revolve Group by 235.6% during the fourth quarter. Algert Global LLC now owns 303,289 shares of the company's stock valued at $10,157,000 after purchasing an additional 212,914 shares during the last quarter. Woodline Partners LP bought a new position in Revolve Group in the 4th quarter worth approximately $6,477,000. Finally, Federated Hermes Inc. lifted its holdings in Revolve Group by 205.6% during the 4th quarter. Federated Hermes Inc. now owns 237,314 shares of the company's stock worth $7,948,000 after purchasing an additional 159,655 shares in the last quarter. Institutional investors and hedge funds own 67.60% of the company's stock.
Revolve Group Stock Performance
Shares of RVLV stock traded up $0.88 during mid-day trading on Monday, hitting $23.16. The company's stock had a trading volume of 386,486 shares, compared to its average volume of 1,191,300. Revolve Group, Inc. has a 52-week low of $14.87 and a 52-week high of $39.58. The stock has a market cap of $1.65 billion, a price-to-earnings ratio of 41.26, a PEG ratio of 1.48 and a beta of 2.02. The business has a 50-day moving average price of $20.04 and a 200 day moving average price of $26.67.
Revolve Group (NYSE:RVLV - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $0.16 EPS for the quarter, topping 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 net margin of 3.72% and a return on equity of 10.17%. The firm's revenue was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.15 EPS. Equities research analysts predict that Revolve Group, Inc. will post 0.6 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on the stock. Jefferies Financial Group raised shares of Revolve Group from a "hold" rating to a "buy" rating and set a $30.00 target price on the stock in a report on Friday, March 14th. Robert W. Baird boosted their price objective on shares of Revolve Group from $23.00 to $25.00 and gave the stock a "neutral" rating in a report on Friday. BMO Capital Markets boosted their price objective on shares of Revolve Group from $15.00 to $19.00 and gave the company a "market perform" rating in a research report on Wednesday, February 26th. Barclays reiterated a "reduce" rating on shares of Revolve Group in a report on Wednesday, May 7th. Finally, Stifel Nicolaus decreased their target price on Revolve Group from $40.00 to $28.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $26.20.
Get Our Latest Stock Analysis on RVLV
Revolve Group Company Profile
(
Free Report)
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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