Allspring Global Investments Holdings LLC Boosts Stock Position in Revolve Group, Inc. (NYSE:RVLV)

Allspring Global Investments Holdings LLC increased its stake in Revolve Group, Inc. (NYSE:RVLV - Free Report) by 7.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 814,882 shares of the company's stock after acquiring an additional 59,354 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 1.13% of Revolve Group worth $13,511,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Signaturefd LLC increased its holdings in Revolve Group by 452.4% in the 3rd quarter. Signaturefd LLC now owns 1,823 shares of the company's stock worth $25,000 after acquiring an additional 1,493 shares in the last quarter. CWM LLC boosted its stake in Revolve Group by 761.5% during the 3rd quarter. CWM LLC now owns 2,929 shares of the company's stock worth $40,000 after purchasing an additional 2,589 shares during the last quarter. Systematic Financial Management LP acquired a new stake in Revolve Group during the 1st quarter worth $88,000. PNC Financial Services Group Inc. boosted its stake in Revolve Group by 36.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,109 shares of the company's stock worth $91,000 after purchasing an additional 1,089 shares during the last quarter. Finally, Assetmark Inc. boosted its stake in Revolve Group by 11.7% during the 3rd quarter. Assetmark Inc. now owns 7,621 shares of the company's stock worth $104,000 after purchasing an additional 797 shares during the last quarter. Hedge funds and other institutional investors own 67.60% of the company's stock.

Revolve Group Trading Down 0.5 %

NYSE RVLV traded down $0.10 during trading hours on Tuesday, reaching $18.75. The company had a trading volume of 832,793 shares, compared to its average volume of 1,121,420. The stock has a 50-day moving average of $19.29 and a 200 day moving average of $16.42. Revolve Group, Inc. has a 1-year low of $12.25 and a 1-year high of $23.90. The stock has a market capitalization of $1.33 billion, a P/E ratio of 49.61, a price-to-earnings-growth ratio of 1.31 and a beta of 2.17.

Revolve Group (NYSE:RVLV - Get Free Report) last issued its quarterly earnings results on Tuesday, February 27th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.02 by $0.03. The company had revenue of $257.78 million for the quarter, compared to analyst estimates of $246.20 million. Revolve Group had a net margin of 2.63% and a return on equity of 7.11%. The business's revenue for the quarter was down .5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.11 earnings per share. As a group, sell-side analysts predict that Revolve Group, Inc. will post 0.48 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Evercore ISI lifted their target price on shares of Revolve Group from $15.00 to $17.00 and gave the stock an "in-line" rating in a research note on Wednesday, February 28th. Jefferies Financial Group reissued a "hold" rating and set a $17.00 price target on shares of Revolve Group in a research report on Thursday, January 4th. Morgan Stanley started coverage on shares of Revolve Group in a research report on Wednesday, February 28th. They set an "equal weight" rating on the stock. TD Cowen raised shares of Revolve Group from a "market perform" rating to an "outperform" rating and boosted their price target for the company from $23.00 to $25.00 in a research report on Thursday, March 21st. Finally, Wedbush boosted their price target on shares of Revolve Group from $12.00 to $17.00 and gave the company a "neutral" rating in a research report on Wednesday, February 28th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $18.85.

About Revolve Group

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.