Los Angeles Capital Management LLC Takes Position in Revolve Group, Inc. (NYSE:RVLV)

Los Angeles Capital Management LLC bought a new stake in shares of Revolve Group, Inc. (NYSE:RVLV) in the 2nd quarter, Holdings Channel.com reports. The firm bought 28,690 shares of the company’s stock, valued at approximately $456,000.

A number of other hedge funds have also recently bought and sold shares of the company. Westfield Capital Management Co. LP acquired a new stake in shares of Revolve Group during the first quarter worth $33,735,000. Allspring Global Investments Holdings LLC lifted its stake in Revolve Group by 1.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 825,606 shares of the company’s stock valued at $17,478,000 after buying an additional 10,724 shares in the last quarter. Stephens Investment Management Group LLC boosted its holdings in shares of Revolve Group by 51.3% in the fourth quarter. Stephens Investment Management Group LLC now owns 678,515 shares of the company’s stock worth $11,250,000 after buying an additional 229,964 shares during the period. Orchard Capital Management LLC boosted its holdings in shares of Revolve Group by 5.5% in the fourth quarter. Orchard Capital Management LLC now owns 434,189 shares of the company’s stock worth $7,199,000 after buying an additional 22,543 shares during the period. Finally, Silvercrest Asset Management Group LLC increased its position in shares of Revolve Group by 55.7% in the first quarter. Silvercrest Asset Management Group LLC now owns 376,620 shares of the company’s stock worth $7,973,000 after acquiring an additional 134,775 shares in the last quarter. 67.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently commented on RVLV. Piper Sandler reaffirmed an “overweight” rating and issued a $30.00 price objective on shares of Revolve Group in a research note on Friday, August 23rd. Evercore ISI raised their target price on Revolve Group from $20.00 to $21.00 and gave the stock an “in-line” rating in a research report on Wednesday, August 7th. TD Cowen upped their price target on Revolve Group from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Monday, August 26th. Barclays reduced their price objective on Revolve Group from $15.00 to $14.00 and set an “underweight” rating for the company in a research note on Thursday, July 18th. Finally, BTIG Research lifted their target price on Revolve Group from $24.00 to $26.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Revolve Group has a consensus rating of “Hold” and a consensus price target of $21.44.

Revolve Group Stock Up 3.3 %

Shares of RVLV opened at $24.65 on Friday. Revolve Group, Inc. has a 12 month low of $12.25 and a 12 month high of $24.89. The company’s fifty day moving average is $20.55 and its 200-day moving average is $19.78. The firm has a market cap of $1.75 billion, a price-to-earnings ratio of 72.50, a price-to-earnings-growth ratio of 2.18 and a beta of 2.04.

Revolve Group (NYSE:RVLV) last posted its earnings results on Tuesday, August 6th. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.08. Revolve Group had a return on equity of 8.35% and a net margin of 3.08%. The company had revenue of $282.50 million for the quarter, compared to analyst estimates of $277.06 million. During the same period last year, the company earned $0.10 earnings per share. The business’s revenue was up 3.2% compared to the same quarter last year. As a group, research analysts predict that Revolve Group, Inc. will post 0.56 earnings per share for the current fiscal year.

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.