Revolve Group, Inc. $RVLV Stock Position Raised by Portside Wealth Group LLC

Portside Wealth Group LLC boosted its position in shares of Revolve Group, Inc. (NYSE:RVLV) by 26.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 23,628 shares of the company’s stock after purchasing an additional 4,958 shares during the period. Portside Wealth Group LLC’s holdings in Revolve Group were worth $474,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Revolve Group during the second quarter valued at approximately $291,000. Creative Planning boosted its stake in shares of Revolve Group by 10.8% during the 2nd quarter. Creative Planning now owns 155,019 shares of the company’s stock valued at $3,108,000 after buying an additional 15,104 shares during the period. SG Americas Securities LLC boosted its stake in shares of Revolve Group by 26.7% during the 2nd quarter. SG Americas Securities LLC now owns 25,011 shares of the company’s stock valued at $501,000 after buying an additional 5,277 shares during the period. Police & Firemen s Retirement System of New Jersey grew its holdings in shares of Revolve Group by 15.5% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 9,156 shares of the company’s stock valued at $184,000 after acquiring an additional 1,231 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Revolve Group by 5.9% in the second quarter. Geode Capital Management LLC now owns 935,784 shares of the company’s stock worth $18,764,000 after acquiring an additional 52,049 shares during the last quarter. 67.60% of the stock is owned by institutional investors and hedge funds.

Revolve Group Trading Up 4.1%

Shares of Revolve Group stock opened at $22.06 on Thursday. Revolve Group, Inc. has a 1 year low of $16.80 and a 1 year high of $39.58. The company’s fifty day simple moving average is $22.07 and its 200-day simple moving average is $21.37. The company has a market cap of $1.57 billion, a price-to-earnings ratio of 29.03, a PEG ratio of 2.35 and a beta of 1.93.

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

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on RVLV. Wall Street Zen raised Revolve Group from a “hold” rating to a “buy” rating in a research report on Saturday, November 15th. BTIG Research reissued a “buy” rating and issued a $30.00 price target on shares of Revolve Group in a research note on Wednesday. Roth Capital reaffirmed a “buy” rating and set a $30.00 price objective (up previously from $27.00) on shares of Revolve Group in a research report on Wednesday, November 5th. Evercore ISI reiterated a “mixed” rating on shares of Revolve Group in a research note on Wednesday, November 5th. Finally, Morgan Stanley increased their price target on shares of Revolve Group from $24.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 5th. Nine equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $26.21.

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.