XTX Topco Ltd Makes New $1.87 Million Investment in Revolve Group, Inc. (NYSE:RVLV)

Key Points

• XTX Topco Ltd has acquired a new position in Revolve Group, Inc. (NYSE: RVLV), purchasing 87,100 shares valued at approximately $1.87 million, representing about 0.12% of the company's stock.
• Recent analyst reports revealed a mix of ratings for RVLV, with Morgan Stanley increasing its price target from $19 to $22 while Piper Sandler lowered it from $35 to $22, and a consensus target price of $26.73.
• Revolve Group reported earnings of $0.16 per share for the last quarter, surpassing expectations, with quarterly revenue of $296.71 million, reflecting a 9.7% year-over-year growth.

XTX Topco Ltd purchased a new position in Revolve Group, Inc. (NYSE:RVLV - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 87,100 shares of the company's stock, valued at approximately $1,872,000. XTX Topco Ltd owned about 0.12% of Revolve Group at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. GAMMA Investing LLC raised its position in Revolve Group by 5,057.8% in the 1st quarter. GAMMA Investing LLC now owns 11,605 shares of the company's stock worth $249,000 after buying an additional 11,380 shares during the last quarter. Deutsche Bank AG raised its position in Revolve Group by 6.2% in the 4th quarter. Deutsche Bank AG now owns 50,884 shares of the company's stock worth $1,704,000 after buying an additional 2,976 shares during the last quarter. Hsbc Holdings PLC increased its position in shares of Revolve Group by 21.9% during the 4th quarter. Hsbc Holdings PLC now owns 16,445 shares of the company's stock valued at $555,000 after purchasing an additional 2,955 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Revolve Group during the 4th quarter valued at about $333,000. Finally, Castlekeep Investment Advisors LLC purchased a new stake in shares of Revolve Group during the 4th quarter valued at about $65,000. Hedge funds and other institutional investors own 67.60% of the company's stock.

Revolve Group Trading Up 1.6%

Shares of Revolve Group stock traded up $0.32 during midday trading on Monday, reaching $20.43. The company had a trading volume of 305,013 shares, compared to its average volume of 1,376,301. Revolve Group, Inc. has a 1-year low of $16.80 and a 1-year high of $39.58. The company has a market capitalization of $1.46 billion, a price-to-earnings ratio of 29.58, a price-to-earnings-growth ratio of 2.74 and a beta of 1.98. The stock has a fifty day simple moving average of $21.02 and a 200 day simple moving average of $22.98.

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 the consensus estimate of $0.13 by $0.03. Revolve Group had a net margin of 4.37% and a return on equity of 11.76%. The firm had revenue of $296.71 million for the quarter, compared to analysts' expectations of $297.56 million. During the same period in the previous year, the firm posted $0.15 EPS. The company's revenue for the quarter was up 9.7% on a year-over-year basis. Sell-side analysts expect that Revolve Group, Inc. will post 0.6 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. KeyCorp reduced their price target on shares of Revolve Group from $37.00 to $25.00 and set an "overweight" rating for the company in a research report on Wednesday, May 7th. 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. Raymond James Financial upped their price target on shares of Revolve Group from $21.00 to $25.00 and gave the company an "outperform" rating in a research report on Tuesday, July 22nd. Barclays reaffirmed a "reduce" rating on shares of Revolve Group in a research report on Wednesday, May 7th. Finally, Cowen reaffirmed a "buy" rating on shares of Revolve Group in a research report on Friday, June 6th. One analyst has rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $26.73.

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.