XTX Topco Ltd Invests $1.87 Million 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 acquired a new stake in Revolve Group, Inc. (NYSE:RVLV - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 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 quarter.

Other institutional investors have also bought and sold shares of the company. Raymond James Financial Inc. purchased a new stake in Revolve Group during the 4th quarter worth about $333,000. American Century Companies Inc. lifted its holdings in Revolve Group by 56.9% during the 4th quarter. American Century Companies Inc. now owns 16,271 shares of the company's stock worth $545,000 after purchasing an additional 5,904 shares in the last quarter. Sei Investments Co. lifted its holdings in Revolve Group by 6.8% during the 4th quarter. Sei Investments Co. now owns 179,081 shares of the company's stock worth $5,997,000 after purchasing an additional 11,362 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in Revolve Group during the 4th quarter worth about $288,000. Finally, Vanguard Group Inc. lifted its holdings in Revolve Group by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 3,832,207 shares of the company's stock worth $128,341,000 after purchasing an additional 65,602 shares in the last quarter. Hedge funds and other institutional investors own 67.60% of the company's stock.

Revolve Group Price Performance

NYSE RVLV traded down $0.66 during trading hours on Friday, reaching $20.09. 1,585,543 shares of the stock traded hands, compared to its average volume of 1,001,114. The stock has a 50 day simple moving average of $21.02 and a two-hundred day simple moving average of $23.07. Revolve Group, Inc. has a 1 year low of $16.80 and a 1 year high of $39.58. The company has a market cap of $1.43 billion, a price-to-earnings ratio of 29.12, a price-to-earnings-growth ratio of 2.82 and a beta of 1.98.

Revolve Group (NYSE:RVLV - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.16 earnings per share for the quarter, beating analysts' consensus estimates of $0.13 by $0.03. Revolve Group had a return on equity of 11.76% and a net margin of 4.37%. The business had revenue of $296.71 million for the quarter, compared to the consensus estimate of $297.56 million. During the same quarter last year, the business posted $0.15 earnings per share. The company's revenue for the quarter was up 9.7% on a year-over-year basis. On average, sell-side analysts forecast that Revolve Group, Inc. will post 0.6 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on RVLV shares. Raymond James Financial increased their price objective on Revolve Group from $21.00 to $25.00 and gave the stock an "outperform" rating in a report on Tuesday, July 22nd. UBS Group reissued a "neutral" rating and set a $22.00 price objective (up previously from $19.00) on shares of Revolve Group in a report on Friday, July 25th. Morgan Stanley increased their price objective on Revolve Group from $19.00 to $22.00 and gave the stock an "equal weight" rating in a research report on Monday, July 21st. KeyCorp lowered their price objective on Revolve Group from $37.00 to $25.00 and set an "overweight" rating on the stock in a research report on Wednesday, May 7th. Finally, Barclays reiterated a "reduce" rating on shares of Revolve Group in a research report on Wednesday, May 7th. One analyst has rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average 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.