Revolve Group, Inc. (NYSE:RVLV) position was increased by Algert Global LLC

VaselineOctober 3, 2024

0 3 minutes read

Algert Global LLC raised its stake in shares of Revolve Group, Inc. (NYSE:RVLV – Free Report) by 11.6% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 110,377 shares of the company’s stock after buying an additional 11,497 shares during the period. Algert Global LLC owned approximately 0.16% of Revolve Group worth $1,756,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Benjamin F. Edwards & Company Inc. bought a new position in shares of Revolve Group in the first quarter worth approximately $45,000. American Century Companies Inc. bought a new position in shares of Revolve Group in the second quarter valued at about $165,000. Pier 88 Investment Partners LLC bought a new position in shares of Revolve Group in the second quarter worth approximately $182,000. SYSTM Wealth Solutions LLC bought a new position in shares of Revolve Group in the first quarter worth about $216,000. Finally, Hsbc Holdings PLC bought a new position in shares of Revolve Group in the second quarter valued at approximately $260,000. Institutional investors hold 67.60% of the company’s shares.

Insiders place their bets

In other Revolve Group news, majority shareholder Mmmk Development, Inc. sold 6,493 shares of Revolve Group stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $25.92, for a total value of $168,298.56. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC’s website. 46.56% of the shares are currently owned by company insiders.

Revolve Group Price Performance

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NYSE RVLV opened at $24.46 on Thursday. Revolve Group, Inc. has a 12-month low of $12.42 and a 12-month high of $26.14. The firm has a market cap of $1.73 billion, a PE ratio of 71.94, a P/E/G ratio of 2.40 and a beta of 2.04. The company’s 50-day simple moving average is $22.67, and its 200-day simple moving average is $20.11.

Revolve Group (NYSE:RVLV – Get Free Report ) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.08. The firm had revenue of $282.50 million for the quarter, compared to analyst estimates of $277.06 million. Revolve Group had a net margin of 3.08% and a return on equity of 8.35%. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. In the same quarter last year, the company posted earnings of $0.10 per share. Sell-side analysts anticipate that Revolve Group, Inc. will post 0.56 earnings per share for the current fiscal year.

Changes in Analyst Ratings

A number of equities analysts have issued reports on the stock. Piper Sandler reissued an “overweight” rating and issued a $30.00 target price on shares of Revolve Group in a report on Friday, August 23rd. Barclays upped their target price on shares of Revolve Group from $15.00 to $17.00 and gave the stock an “underweight” rating in a report on Wednesday. Evercore ISI upped their target price on shares of Revolve Group from $20.00 to $21.00 and gave the stock an “in-line” rating in a report on Wednesday, August 7th. TD Cowen upped their target price on shares of Revolve Group from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Monday, August 26th. Finally, BTIG Research boosted their target price on shares of Revolve Group from $24.00 to $26.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company. Revolve Group presently has a consensus rating of “Hold” and an average price target of $21.63, based on data from MarketBeat.com.

Get the latest stock analysis on RVLV

About Revolve Group

(Free Report)

Revolve Group, Inc operates as an online fashion retailer for millennial and Gen 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.