ProShare Advisors LLC Buys 56,486 Shares of Revolve Group, Inc. $RVLV

ProShare Advisors LLC increased its position in Revolve Group, Inc. (NYSE:RVLV) by 47.0% in the second quarter, Holdings Channel.com reports. The fund owned 176,665 shares of the company’s stock after acquiring an additional 56,486 shares during the quarter. ProShare Advisors LLC’s holdings in Revolve Group were worth $3,542,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Summit Securities Group LLC purchased a new position in shares of Revolve Group in the 1st quarter worth about $25,000. CWM LLC raised its holdings in shares of Revolve Group by 40.4% during the 1st quarter. CWM LLC now owns 2,905 shares of the company’s stock valued at $62,000 after buying an additional 836 shares in the last quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych bought a new stake in Revolve Group in the 2nd quarter worth approximately $60,000. Logan Capital Management Inc. boosted its stake in Revolve Group by 35.5% in the second quarter. Logan Capital Management Inc. now owns 5,579 shares of the company’s stock worth $112,000 after buying an additional 1,463 shares in the last quarter. Finally, Petrus Trust Company LTA bought a new position in Revolve Group during the first quarter valued at approximately $203,000. Hedge funds and other institutional investors own 67.60% of the company’s stock.

Revolve Group Stock Down 1.8%

Shares of Revolve Group stock opened at $20.91 on Friday. The firm has a market cap of $1.49 billion, a PE ratio of 27.51, a price-to-earnings-growth ratio of 2.37 and a beta of 1.93. Revolve Group, Inc. has a 12-month low of $16.80 and a 12-month high of $39.58. The company’s fifty day simple moving average is $22.20 and its two-hundred day simple moving average is $21.33.

Revolve Group (NYSE:RVLV) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.11 by $0.13. The firm had revenue of $295.63 million during the quarter, compared to the consensus estimate of $297.36 million. Revolve Group had a net margin of 4.64% and a return on equity of 11.26%. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.15 earnings per share. As a group, sell-side analysts expect that Revolve Group, Inc. will post 0.6 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on RVLV shares. Morgan Stanley boosted their price objective on shares of Revolve Group from $24.00 to $26.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 5th. Raymond James Financial lifted their target price on shares of Revolve Group from $21.00 to $25.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 22nd. Zacks Research lowered shares of Revolve Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Revolve Group in a research note on Wednesday, October 8th. Finally, Evercore ISI reissued a “mixed” rating on shares of Revolve Group in a research note on Wednesday, November 5th. Eight investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $25.92.

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.