Revolve Group, Inc. $RVLV Shares Bought by Versor Investments LP

Key Points

• Versor Investments LP significantly increased its stake in Revolve Group by 448.8%, acquiring an additional 37,700 shares, bringing its total ownership to 46,100 shares valued at approximately $991,000.
• Multiple hedge funds, including Balyasny Asset Management and Raymond James Financial, have also made substantial increases to their positions in Revolve Group, indicating strong institutional interest.
• Wall Street analysts show a positive outlook for Revolve Group, with a consensus rating of "Moderate Buy" and an average price target of $27.40, reflecting expected growth.

Versor Investments LP boosted its holdings in shares of Revolve Group, Inc. (NYSE:RVLV - Free Report) by 448.8% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 46,100 shares of the company's stock after purchasing an additional 37,700 shares during the quarter. Versor Investments LP owned approximately 0.06% of Revolve Group worth $991,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in RVLV. Invesco Ltd. increased its holdings in shares of Revolve Group by 57.4% in the 4th quarter. Invesco Ltd. now owns 100,494 shares of the company's stock valued at $3,366,000 after acquiring an additional 36,630 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Revolve Group in the 4th quarter valued at approximately $333,000. Barclays PLC increased its holdings in shares of Revolve Group by 132.1% in the 4th quarter. Barclays PLC now owns 198,705 shares of the company's stock valued at $6,656,000 after acquiring an additional 113,092 shares during the last quarter. Mariner LLC bought a new stake in shares of Revolve Group in the 4th quarter valued at approximately $275,000. Finally, CANADA LIFE ASSURANCE Co increased its holdings in shares of Revolve Group by 149.4% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 13,068 shares of the company's stock valued at $437,000 after acquiring an additional 7,829 shares during the last quarter. 67.60% of the stock is currently owned by institutional investors.

Revolve Group Price Performance

NYSE:RVLV traded up $1.3130 during midday trading on Friday, reaching $22.5030. 1,282,087 shares of the company traded hands, compared to its average volume of 1,502,687. Revolve Group, Inc. has a twelve month low of $16.80 and a twelve month high of $39.58. The firm has a market capitalization of $1.60 billion, a price-to-earnings ratio of 36.30, a price-to-earnings-growth ratio of 2.46 and a beta of 1.98. The company has a fifty day moving average price of $20.95 and a 200 day moving average price of $21.91.

Revolve Group (NYSE:RVLV - Get Free Report) last released its quarterly earnings data 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 return on equity of 10.17% and a net margin of 3.83%.The business had revenue of $308.97 million during the quarter, compared to analyst estimates of $297.91 million. During the same quarter in the previous year, the firm posted $0.21 EPS. The business's revenue for the quarter was up 9.3% compared to the same quarter last year. On average, equities research analysts forecast that Revolve Group, Inc. will post 0.6 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on RVLV. Roth Capital reiterated a "buy" rating and issued a $24.00 price target (up from $19.00) on shares of Revolve Group in a report on Tuesday, August 5th. Robert W. Baird boosted their price target on Revolve Group from $23.00 to $25.00 and gave the company a "neutral" rating in a report on Friday, June 6th. Barclays reiterated a "reduce" rating on shares of Revolve Group in a report on Wednesday, May 7th. Cowen reiterated a "buy" rating on shares of Revolve Group in a report on Friday, June 6th. Finally, Raymond James Financial boosted their price target on Revolve Group from $21.00 to $25.00 and gave the company an "outperform" rating in a report on Tuesday, July 22nd. Ten investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Revolve Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $27.40.

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.