William Blair Investment Management LLC Acquires 790,205 Shares of Revolve Group, Inc. $RVLV

Key Points

• William Blair Investment Management LLC significantly increased its holdings in Revolve Group, Inc. by 80.2%, acquiring an additional 790,205 shares and now owns a total of 1,775,735 shares, valued at approximately $35.6 million.
• Revolve Group reported a quarterly earnings per share (EPS) of $0.14, exceeding the consensus estimate of $0.12, with a 9.3% year-over-year revenue increase.
• Analyst ratings are mixed for Revolve Group, with ten analysts giving the stock a Buy rating, while Zacks downgraded it from a "strong-buy" to a "hold" rating, reflecting a range of opinions on its future performance.

William Blair Investment Management LLC increased its holdings in shares of Revolve Group, Inc. (NYSE:RVLV - Free Report) by 80.2% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,775,735 shares of the company's stock after purchasing an additional 790,205 shares during the period. William Blair Investment Management LLC owned 2.49% of Revolve Group worth $35,603,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Summit Securities Group LLC bought a new position in shares of Revolve Group during the first quarter valued at approximately $25,000. CWM LLC boosted its stake in shares of Revolve Group by 40.4% during the first quarter. CWM LLC now owns 2,905 shares of the company's stock valued at $62,000 after purchasing an additional 836 shares in the last quarter. Petrus Trust Company LTA bought a new position in shares of Revolve Group during the first quarter valued at approximately $203,000. Perbak Capital Partners LLP bought a new position in shares of Revolve Group during the first quarter valued at approximately $221,000. Finally, DRW Securities LLC bought a new position in shares of Revolve Group during the first quarter valued at approximately $226,000. 67.60% of the stock is currently owned by institutional investors.

Revolve Group Stock Down 0.1%

Shares of RVLV opened at $20.78 on Friday. Revolve Group, Inc. has a twelve month low of $16.80 and a twelve month high of $39.58. The company has a 50 day moving average of $22.12 and a two-hundred day moving average of $21.03. The company has a market cap of $1.48 billion, a price-to-earnings ratio of 33.52, a price-to-earnings-growth ratio of 2.27 and a beta of 1.88.

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

Analyst Ratings Changes

A number of equities analysts have recently issued reports on RVLV shares. Morgan Stanley increased their price objective on shares of Revolve Group from $22.00 to $24.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 6th. Piper Sandler raised their target price on shares of Revolve Group from $22.00 to $25.00 and gave the company an "overweight" rating in a research note on Wednesday, August 6th. Roth Capital restated a "buy" rating and issued a $24.00 target price (up from $19.00) on shares of Revolve Group in a research note on Tuesday, August 5th. Zacks Research downgraded shares of Revolve Group from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 6th. Finally, Raymond James Financial raised their target price on shares of Revolve Group from $21.00 to $25.00 and gave the company an "outperform" rating in a research note on Tuesday, July 22nd. Ten research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $27.40.

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.

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