Vanguard Group Inc. Grows Stock Holdings in Revolve Group, Inc. $RVLV

Key Points

• Vanguard Group Inc. increased its stake in Revolve Group, Inc. by 2.6% in Q1, owning approximately 5.52% of the company worth $84.47 million after purchasing 98,413 additional shares.
• Revolve Group reported a net revenue of $308.97 million in its recent earnings, surpassing analyst expectations of $297.91 million, and achieved an earnings per share (EPS) of $0.14.
• Several institutional investors significantly raised their stakes in Revolve Group recently, with ownership among institutional investors and hedge funds now at 67.60%.

Vanguard Group Inc. lifted its stake in shares of Revolve Group, Inc. (NYSE:RVLV - Free Report) by 2.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,930,620 shares of the company's stock after buying an additional 98,413 shares during the period. Vanguard Group Inc. owned approximately 5.52% of Revolve Group worth $84,469,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RVLV. CWM LLC raised its position in shares of Revolve Group by 40.4% in the first quarter. CWM LLC now owns 2,905 shares of the company's stock worth $62,000 after acquiring an additional 836 shares during the period. Castlekeep Investment Advisors LLC purchased a new stake in Revolve Group during the 4th quarter valued at about $65,000. Wallace Advisory Group LLC purchased a new stake in Revolve Group during the 1st quarter valued at about $136,000. Neo Ivy Capital Management purchased a new stake in Revolve Group during the 4th quarter valued at about $156,000. Finally, First Trust Advisors LP purchased a new stake in shares of Revolve Group in the 4th quarter valued at approximately $209,000. 67.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently weighed in on RVLV. Barclays reissued a "reduce" rating on shares of Revolve Group in a research note on Wednesday, May 7th. Cowen reiterated a "buy" rating on shares of Revolve Group in a report on Friday, June 6th. Morgan Stanley increased their target price on shares of Revolve Group from $22.00 to $24.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 6th. Robert W. Baird increased their target price on shares of Revolve Group from $23.00 to $25.00 and gave the company a "neutral" rating in a research report on Friday, June 6th. Finally, KeyCorp lowered their price objective on shares of Revolve Group from $37.00 to $25.00 and set an "overweight" rating on the stock in a research report on Wednesday, May 7th. Ten research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, Revolve Group has an average rating of "Moderate Buy" and an average price target of $27.40.

Revolve Group Trading Down 1.4%

Shares of NYSE RVLV traded down $0.31 during midday trading on Friday, reaching $22.38. 751,228 shares of the stock were exchanged, compared to its average volume of 1,492,128. The company has a market capitalization of $1.60 billion, a P/E ratio of 36.10, a P/E/G ratio of 2.48 and a beta of 1.98. Revolve Group, Inc. has a 52-week low of $16.80 and a 52-week high of $39.58. The stock has a 50 day moving average price of $21.13 and a 200-day moving average price of $21.77.

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

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.