Revolve Group, Inc. $RVLV Position Lifted by Atria Investments Inc

Atria Investments Inc grew its stake in shares of Revolve Group, Inc. (NYSE:RVLV) by 25.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,018 shares of the company’s stock after acquiring an additional 3,696 shares during the period. Atria Investments Inc’s holdings in Revolve Group were worth $361,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Summit Securities Group LLC acquired a new stake in shares of Revolve Group in the 1st quarter valued at about $25,000. Generali Investments Towarzystwo Funduszy Inwestycyjnych bought a new stake in Revolve Group in the second quarter valued at about $60,000. CWM LLC raised its stake in Revolve Group by 40.4% during the first 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. Logan Capital Management Inc. raised its stake in Revolve Group by 35.5% during the second quarter. Logan Capital Management Inc. now owns 5,579 shares of the company’s stock valued at $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 1st quarter worth approximately $203,000. Institutional investors own 67.60% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on RVLV shares. Barclays boosted their price target on Revolve Group from $23.00 to $24.00 and gave the company an “equal weight” rating in a report on Wednesday, November 5th. Zacks Research lowered shares of Revolve Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Roth Capital restated a “buy” rating and issued a $30.00 price target (up from $27.00) on shares of Revolve Group in a research report on Wednesday, November 5th. UBS Group boosted their price objective on shares of Revolve Group from $22.00 to $23.00 and gave the company a “neutral” rating in a research report on Tuesday, October 21st. Finally, Piper Sandler increased their price objective on shares of Revolve Group from $22.00 to $25.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 6th. 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 data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $25.92.

Revolve Group Stock Performance

Shares of RVLV opened at $21.92 on Wednesday. The firm has a fifty day moving average of $22.30 and a 200-day moving average of $21.32. The company has a market cap of $1.56 billion, a price-to-earnings ratio of 28.84, a price-to-earnings-growth ratio of 2.46 and a beta of 1.93. Revolve Group, Inc. has a 1 year low of $16.80 and a 1 year high of $39.58.

Revolve Group (NYSE:RVLV) last released its quarterly earnings data on Tuesday, November 4th. The company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.13. The business had revenue of $295.63 million for the quarter, compared to analysts’ expectations of $297.36 million. Revolve Group had a net margin of 4.64% and a return on equity of 11.26%. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.15 EPS. Analysts predict that Revolve Group, Inc. will post 0.6 EPS for the current year.

Revolve Group Company 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.