Orchard Capital Management LLC Has $6.91 Million Stock Position in Revolve Group, Inc. (NYSE:RVLV)

Orchard Capital Management LLC decreased its stake in shares of Revolve Group, Inc. (NYSE:RVLV) by 1.3% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 434,189 shares of the company’s stock after selling 5,795 shares during the quarter. Revolve Group comprises about 2.1% of Orchard Capital Management LLC’s portfolio, making the stock its 23rd biggest holding. Orchard Capital Management LLC owned about 0.61% of Revolve Group worth $6,908,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in RVLV. Assetmark Inc. boosted its stake in shares of Revolve Group by 8.3% during the 4th quarter. Assetmark Inc. now owns 8,252 shares of the company’s stock worth $137,000 after acquiring an additional 631 shares during the period. US Bancorp DE boosted its stake in shares of Revolve Group by 1.8% during the 1st quarter. US Bancorp DE now owns 39,255 shares of the company’s stock worth $831,000 after acquiring an additional 677 shares during the period. Essex Investment Management Co. LLC boosted its stake in shares of Revolve Group by 0.7% during the 1st quarter. Essex Investment Management Co. LLC now owns 115,035 shares of the company’s stock worth $2,435,000 after acquiring an additional 767 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in shares of Revolve Group by 4.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 26,498 shares of the company’s stock worth $561,000 after acquiring an additional 1,227 shares during the period. Finally, Versor Investments LP boosted its stake in shares of Revolve Group by 9.0% during the 2nd quarter. Versor Investments LP now owns 16,953 shares of the company’s stock worth $270,000 after acquiring an additional 1,405 shares during the period. Institutional investors and hedge funds own 67.60% of the company’s stock.

Analysts Set New Price Targets

RVLV has been the subject of several research analyst reports. Wedbush reiterated a “neutral” rating and set a $19.00 target price on shares of Revolve Group in a research note on Wednesday, August 7th. BTIG Research lifted their target price on Revolve Group from $24.00 to $26.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Barclays reduced their price target on Revolve Group from $15.00 to $14.00 and set an “underweight” rating for the company in a research note on Thursday, July 18th. Robert W. Baird boosted their price target on Revolve Group from $23.00 to $24.00 and gave the company a “neutral” rating in a research note on Wednesday, August 14th. Finally, Piper Sandler restated an “overweight” rating and issued a $30.00 price target on shares of Revolve Group in a research note on Friday, August 23rd. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $21.44.

Revolve Group Stock Performance

NYSE:RVLV opened at $25.78 on Friday. The stock has a fifty day moving average price of $21.10 and a 200-day moving average price of $19.84. The company has a market cap of $1.82 billion, a price-to-earnings ratio of 75.82, a PEG ratio of 2.28 and a beta of 2.04. Revolve Group, Inc. has a fifty-two week low of $12.25 and a fifty-two week high of $25.96.

Revolve Group (NYSE:RVLV) last released its earnings results on Tuesday, August 6th. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.08. The firm had revenue of $282.50 million during the quarter, compared to the consensus estimate of $277.06 million. Revolve Group had a return on equity of 8.35% and a net margin of 3.08%. The company’s revenue was up 3.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.10 EPS. Research analysts predict that Revolve Group, Inc. will post 0.56 EPS for the current fiscal year.

About Revolve Group

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.