Portside Wealth Group LLC Has $474,000 Stake in Revolve Group, Inc. $RVLV

Portside Wealth Group LLC increased its position in Revolve Group, Inc. (NYSE:RVLV) by 26.6% in the 2nd quarter, Holdings Channel reports. The firm owned 23,628 shares of the company’s stock after buying an additional 4,958 shares during the quarter. Portside Wealth Group LLC’s holdings in Revolve Group were worth $474,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Summit Securities Group LLC bought a new position in shares of Revolve Group during the 1st quarter worth 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 position in Revolve Group by 40.4% in the first quarter. CWM LLC now owns 2,905 shares of the company’s stock worth $62,000 after purchasing an additional 836 shares in the last quarter. Logan Capital Management Inc. lifted 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 worth $112,000 after purchasing an additional 1,463 shares during the period. Finally, Police & Firemen s Retirement System of New Jersey boosted its holdings in Revolve Group by 15.5% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 9,156 shares of the company’s stock valued at $184,000 after purchasing an additional 1,231 shares in the last quarter. Institutional investors own 67.60% of the company’s stock.

Revolve Group Stock Performance

Shares of RVLV opened at $22.06 on Thursday. 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. The stock has a fifty day moving average price of $22.07 and a two-hundred day moving average price of $21.37. Revolve Group, Inc. has a 52-week low of $16.80 and a 52-week high of $39.58.

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on RVLV shares. Evercore ISI reiterated a “mixed” rating on shares of Revolve Group in a research note on Wednesday, November 5th. BTIG Research reiterated a “buy” rating and issued a $30.00 price target on shares of Revolve Group in a research report on Wednesday. Wall Street Zen upgraded Revolve Group from a “hold” rating to a “buy” rating in a research note on Saturday, November 15th. UBS Group boosted their target price on shares of Revolve Group from $22.00 to $23.00 and gave the company a “neutral” rating in a research note on Tuesday, October 21st. Finally, Barclays upped their target price on shares of Revolve Group from $23.00 to $24.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 5th. Nine analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, Revolve Group currently has a consensus rating of “Moderate Buy” and a consensus target price 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.