UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Position in Revolve Group, Inc. (NYSE:RVLV)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Revolve Group, Inc. (NYSE:RVLV - Free Report) by 25.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 98,920 shares of the company's stock after purchasing an additional 19,965 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.14% of Revolve Group worth $3,313,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. AlphaQuest LLC lifted its position in Revolve Group by 7.7% in the fourth quarter. AlphaQuest LLC now owns 5,535 shares of the company's stock valued at $185,000 after purchasing an additional 396 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Revolve Group by 3.2% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,809 shares of the company's stock worth $730,000 after buying an additional 668 shares in the last quarter. Navellier & Associates Inc. lifted its holdings in shares of Revolve Group by 4.1% in the 4th quarter. Navellier & Associates Inc. now owns 25,711 shares of the company's stock valued at $861,000 after buying an additional 1,008 shares during the period. Venturi Wealth Management LLC lifted its holdings in shares of Revolve Group by 1,302.1% in the 4th quarter. Venturi Wealth Management LLC now owns 1,346 shares of the company's stock valued at $45,000 after buying an additional 1,250 shares during the period. Finally, Ameriprise Financial Inc. boosted its stake in shares of Revolve Group by 15.5% in the fourth quarter. Ameriprise Financial Inc. now owns 10,190 shares of the company's stock valued at $341,000 after buying an additional 1,364 shares in the last quarter. Institutional investors and hedge funds own 67.60% of the company's stock.

Revolve Group Stock Performance

Revolve Group stock traded up $0.28 during midday trading on Monday, reaching $22.56. 1,552,136 shares of the company were exchanged, compared to its average volume of 1,195,811. The firm's 50-day simple moving average is $20.04 and its 200-day simple moving average is $26.67. Revolve Group, Inc. has a 1 year low of $14.87 and a 1 year high of $39.58. The company has a market capitalization of $1.61 billion, a price-to-earnings ratio of 40.28, a P/E/G ratio of 1.48 and a beta of 2.02.

Revolve Group (NYSE:RVLV - Get Free Report) last issued its quarterly 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 company's quarterly revenue was up 9.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.15 earnings per share. On average, analysts forecast that Revolve Group, Inc. will post 0.6 EPS for the current fiscal year.

Analyst Ratings Changes

RVLV has been the subject of several research analyst reports. BMO Capital Markets increased their price objective on Revolve Group from $15.00 to $19.00 and gave the stock a "market perform" rating in a research report on Wednesday, February 26th. Jefferies Financial Group upgraded shares of Revolve Group from a "hold" rating to a "buy" rating and set a $30.00 price target for the company in a report on Friday, March 14th. Cowen reissued a "buy" rating on shares of Revolve Group in a report on Friday. Morgan Stanley dropped 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 report on Thursday, April 17th. Finally, Stifel Nicolaus reduced their price target on shares of 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 investment analyst has rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $26.20.

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.