Vanguard Group Inc. Has $84.47 Million 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. increased its position in shares of Revolve Group, Inc. (NYSE:RVLV - Free Report) by 2.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,930,620 shares of the company's stock after purchasing an additional 98,413 shares during the period. Vanguard Group Inc. owned approximately 5.52% of Revolve Group worth $84,469,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Balyasny Asset Management L.P. raised its holdings in Revolve Group by 596.9% in the 4th 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 in the last quarter. Driehaus Capital Management LLC acquired a new position in Revolve Group in the 4th quarter valued at $14,531,000. Segall Bryant & Hamill LLC acquired a new position in Revolve Group in the 1st quarter valued at $5,246,000. Algert Global LLC raised its holdings in Revolve Group by 235.6% in the 4th quarter. Algert Global LLC now owns 303,289 shares of the company's stock valued at $10,157,000 after acquiring an additional 212,914 shares in the last quarter. Finally, Woodline Partners LP acquired a new position in Revolve Group in the 4th quarter valued at $6,477,000. 67.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Cowen reiterated a "buy" rating on shares of Revolve Group in a research note on Friday, June 6th. Roth Capital reiterated a "buy" rating and issued a $24.00 price target (up previously from $19.00) on shares of Revolve Group in a research note on Tuesday, August 5th. Robert W. Baird lifted their price target on Revolve Group from $23.00 to $25.00 and gave the company a "neutral" rating in a research note on Friday, June 6th. Morgan Stanley lifted their price target on Revolve Group from $22.00 to $24.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 6th. Finally, KeyCorp decreased their price target on Revolve Group from $37.00 to $25.00 and set an "overweight" rating on the stock in a research note on Wednesday, May 7th. Ten investment 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, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $27.40.

Revolve Group Stock Down 0.7%

RVLV traded down $0.16 during midday trading on Thursday, hitting $22.81. 503,648 shares of the company were exchanged, compared to its average volume of 1,390,697. The firm has a market capitalization of $1.63 billion, a P/E ratio of 36.78, a P/E/G ratio of 2.43 and a beta of 1.98. Revolve Group, Inc. has a 1-year low of $16.80 and a 1-year high of $39.58. The firm's 50 day moving average price is $21.06 and its 200-day moving average price is $21.88.

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