Oppenheimer Asset Management Inc. raised its position in Revolve Group, Inc. (NYSE:RVLV – Get Rating) by 3.4% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 18,033 shares of the company's stock after purchasing an additional 596 shares during the period. Oppenheimer Asset Management Inc.'s holdings in Revolve Group were worth $968,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of RVLV. Marshall Wace LLP grew its holdings in Revolve Group by 258.8% in the fourth quarter. Marshall Wace LLP now owns 1,330,838 shares of the company's stock valued at $74,578,000 after purchasing an additional 959,875 shares during the last quarter. Fisher Asset Management LLC grew its holdings in Revolve Group by 91.0% in the first quarter. Fisher Asset Management LLC now owns 1,703,038 shares of the company's stock valued at $91,436,000 after purchasing an additional 811,381 shares during the last quarter. William Blair Investment Management LLC grew its holdings in Revolve Group by 14.0% in the first quarter. William Blair Investment Management LLC now owns 4,267,736 shares of the company's stock valued at $229,135,000 after purchasing an additional 522,770 shares during the last quarter. Ardmore Road Asset Management LP acquired a new stake in Revolve Group in the fourth quarter valued at $21,575,000. Finally, Stephens Investment Management Group LLC grew its holdings in Revolve Group by 20.6% in the first quarter. Stephens Investment Management Group LLC now owns 1,397,390 shares of the company's stock valued at $75,026,000 after purchasing an additional 239,140 shares during the last quarter. Institutional investors and hedge funds own 71.06% of the company's stock.
Get Revolve Group alerts:Analysts Set New Price Targets
A number of analysts recently commented on RVLV shares. Piper Sandler decreased their price objective on Revolve Group from $42.00 to $34.00 and set an "overweight" rating on the stock in a research note on Thursday, August 4th. Needham & Company LLC decreased their price objective on Revolve Group from $60.00 to $40.00 and set a "buy" rating on the stock in a research note on Monday, August 8th. Raymond James decreased their price objective on Revolve Group from $42.00 to $30.00 and set an "outperform" rating on the stock in a research note on Thursday, August 4th. BTIG Research decreased their price objective on Revolve Group from $50.00 to $31.00 in a research note on Thursday, August 4th. Finally, Morgan Stanley decreased their price objective on Revolve Group from $51.00 to $28.00 and set an "equal weight" rating on the stock in a research note on Thursday, August 4th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, Revolve Group presently has a consensus rating of "Moderate Buy" and an average target price of $38.72.
Revolve Group Stock Performance
Revolve Group stock opened at $23.49 on Friday. The stock's 50-day moving average is $27.17 and its 200-day moving average is $37.12. The company has a market cap of $1.72 billion, a price-to-earnings ratio of 20.79, a price-to-earnings-growth ratio of 6.82 and a beta of 2.19. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.59 and a quick ratio of 1.55. Revolve Group, Inc. has a 12 month low of $22.27 and a 12 month high of $89.60.Revolve Group (NYSE:RVLV – Get Rating) last released its quarterly earnings data on Wednesday, August 3rd. The company reported $0.22 EPS for the quarter, missing analysts' consensus estimates of $0.30 by ($0.08). The firm had revenue of $290.05 million during the quarter, compared to analysts' expectations of $294.63 million. Revolve Group had a return on equity of 26.18% and a net margin of 8.03%. Equities analysts anticipate that Revolve Group, Inc. will post 0.72 earnings per share for the current year.
About Revolve Group
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Revolve Group, Inc operates as an online fashion retailer for 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. The company offers women's apparel, footwear, accessories, and beauty styles under established and emerging brands, as well as owned brands.
Further Reading
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