Marshall Wace LLP Grows Stock Position in Revolve Group, Inc. (NYSE:RVLV)

Marshall Wace LLP grew its position in shares of Revolve Group, Inc. (NYSE:RVLV) by 141.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 478,623 shares of the company’s stock after purchasing an additional 280,151 shares during the period. Marshall Wace LLP owned approximately 0.68% of Revolve Group worth $7,615,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Stephens Investment Management Group LLC lifted its stake 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 acquiring an additional 229,964 shares in the last quarter. Logan Capital Management Inc. raised its position in shares of Revolve Group by 2.3% in the 4th quarter. Logan Capital Management Inc. now owns 81,417 shares of the company’s stock valued at $1,350,000 after purchasing an additional 1,807 shares in the last quarter. Orchard Capital Management LLC grew its position in shares of Revolve Group by 5.5% during 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 in the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Revolve Group by 1.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 825,606 shares of the company’s stock worth $17,478,000 after buying an additional 10,724 shares during the last quarter. Finally, Norden Group LLC boosted its stake in Revolve Group by 2,269.6% during the 1st quarter. Norden Group LLC now owns 367,200 shares of the company’s stock valued at $7,774,000 after acquiring an additional 351,704 shares during the last quarter. 67.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Barclays cut their target price on shares of Revolve Group from $15.00 to $14.00 and set an “underweight” rating on the stock in a research note on Thursday, July 18th. BTIG Research upped their price objective on Revolve Group from $24.00 to $26.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Wedbush reiterated a “neutral” rating and issued a $19.00 target price on shares of Revolve Group 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. Finally, Evercore ISI raised their price objective on Revolve Group from $20.00 to $21.00 and gave the stock an “in-line” rating in a research note on Wednesday, August 7th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $21.44.

Insider Buying and Selling

In other news, major shareholder Mmmk Development, Inc. sold 6,493 shares of the stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $25.92, for a total value of $168,298.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 46.56% of the company’s stock.

Revolve Group Stock Performance

Revolve Group stock opened at $24.78 on Tuesday. Revolve Group, Inc. has a one year low of $12.42 and a one year high of $26.14. The company has a 50-day simple moving average of $22.40 and a 200-day simple moving average of $20.06. The firm has a market capitalization of $1.75 billion, a P/E ratio of 72.88, a P/E/G ratio of 2.48 and a beta of 2.04.

Revolve Group (NYSE:RVLV) last posted its earnings results on Tuesday, August 6th. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.13 by $0.08. The firm had revenue of $282.50 million during the quarter, compared to analysts’ expectations of $277.06 million. Revolve Group had a net margin of 3.08% and a return on equity of 8.35%. Revolve Group’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.10 EPS. As a group, sell-side analysts forecast that Revolve Group, Inc. will post 0.56 earnings per share for the current 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.