17,199 Shares in Revolve Group, Inc. (NYSE:RVLV) Bought by Quest Partners LLC

Quest Partners LLC purchased a new position in Revolve Group, Inc. (NYSE:RVLV) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 17,199 shares of the company’s stock, valued at approximately $274,000.

A number of other hedge funds also recently modified their holdings of the stock. Westfield Capital Management Co. LP bought a new position in shares of Revolve Group in the first quarter worth $33,735,000. Allspring Global Investments Holdings LLC increased its position in shares of Revolve Group by 1.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 825,606 shares of the company’s stock worth $17,478,000 after purchasing an additional 10,724 shares during the period. Stephens Investment Management Group LLC boosted 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 buying an additional 229,964 shares in the last quarter. Orchard Capital Management LLC boosted its stake in Revolve Group by 5.5% in the fourth quarter. Orchard Capital Management LLC now owns 434,189 shares of the company’s stock valued at $7,199,000 after buying an additional 22,543 shares in the last quarter. Finally, Silvercrest Asset Management Group LLC boosted its stake in Revolve Group by 55.7% in the first quarter. Silvercrest Asset Management Group LLC now owns 376,620 shares of the company’s stock valued at $7,973,000 after buying an additional 134,775 shares in the last quarter. Institutional investors own 67.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Piper Sandler reaffirmed an “overweight” rating and issued a $30.00 price objective on shares of Revolve Group in a research note on Friday, August 23rd. Evercore ISI raised their price objective on Revolve Group from $20.00 to $21.00 and gave the company an “in-line” rating in a research note on Wednesday, August 7th. Barclays reduced their price objective on Revolve Group from $15.00 to $14.00 and set an “underweight” rating on the stock in a research note on Thursday, July 18th. TD Cowen raised their price objective on Revolve Group from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Monday, August 26th. Finally, BTIG Research raised their price objective on Revolve Group from $24.00 to $26.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $21.44.

Revolve Group Price Performance

Revolve Group stock opened at $24.65 on Friday. The stock’s 50 day moving average is $20.55 and its 200 day moving average is $19.78. The firm has a market cap of $1.75 billion, a P/E ratio of 72.50, a P/E/G ratio of 2.18 and a beta of 2.04. Revolve Group, Inc. has a one year low of $12.25 and a one year high of $24.89.

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

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.