XTX Topco Ltd Acquires 23,652 Shares of Revolve Group, Inc. (NYSE:RVLV)

XTX Topco Ltd grew its holdings in shares of Revolve Group, Inc. (NYSE:RVLV) by 148.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 39,586 shares of the company’s stock after acquiring an additional 23,652 shares during the quarter. XTX Topco Ltd owned about 0.06% of Revolve Group worth $630,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Stephens Investment Management Group LLC raised its stake in Revolve Group by 51.3% in the fourth quarter. Stephens Investment Management Group LLC now owns 678,515 shares of the company’s stock valued at $11,250,000 after purchasing an additional 229,964 shares in the last quarter. Madison Asset Management LLC raised its position in shares of Revolve Group by 40.4% during the 4th quarter. Madison Asset Management LLC now owns 197,982 shares of the company’s stock valued at $3,283,000 after buying an additional 56,976 shares in the last quarter. Comerica Bank raised its position in shares of Revolve Group by 12,630.9% during the 1st quarter. Comerica Bank now owns 179,888 shares of the company’s stock valued at $3,808,000 after buying an additional 178,475 shares in the last quarter. Capstone Investment Advisors LLC bought a new stake in shares of Revolve Group during the 1st quarter worth $1,591,000. Finally, Susquehanna Fundamental Investments LLC purchased a new position in Revolve Group in the first quarter worth $1,432,000. Hedge funds and other institutional investors own 67.60% of the company’s stock.

Wall Street Analysts Forecast Growth

RVLV has been the subject of several research analyst reports. BTIG Research lifted their price target on Revolve Group from $24.00 to $26.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Evercore ISI upped their target price on Revolve Group from $20.00 to $21.00 and gave the stock an “in-line” rating in a research note on Wednesday, August 7th. Wedbush reiterated a “neutral” rating and set a $19.00 price target on shares of Revolve Group in a research report on Wednesday, August 7th. Piper Sandler restated an “overweight” rating and issued a $30.00 price objective on shares of Revolve Group in a report on Friday, August 23rd. Finally, Robert W. Baird increased their target price on shares of Revolve Group from $23.00 to $24.00 and gave the company a “neutral” rating in a report on Wednesday, August 14th. Two 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. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $21.44.

Revolve Group Price Performance

Shares of NYSE:RVLV opened at $24.87 on Tuesday. Revolve Group, Inc. has a 1 year low of $12.25 and a 1 year high of $25.96. The company has a market cap of $1.76 billion, a PE ratio of 73.15, a P/E/G ratio of 2.28 and a beta of 2.04. The stock’s 50-day moving average is $21.65 and its 200 day moving average is $19.92.

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

Insider Buying and Selling at Revolve Group

In other news, major shareholder Mmmk Development, Inc. sold 6,493 shares of the company’s 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 sale was disclosed in a filing with the SEC, which is accessible through this link. 46.56% of the stock is owned by company insiders.

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.