Revolve Group, Inc. $RVLV Shares Acquired by William Blair Investment Management LLC

William Blair Investment Management LLC increased its holdings in shares of Revolve Group, Inc. (NYSE:RVLV) by 80.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,775,735 shares of the company’s stock after purchasing an additional 790,205 shares during the period. William Blair Investment Management LLC’s holdings in Revolve Group were worth $35,603,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in RVLV. GAMMA Investing LLC raised its holdings in shares of Revolve Group by 5,057.8% during the first quarter. GAMMA Investing LLC now owns 11,605 shares of the company’s stock worth $249,000 after purchasing an additional 11,380 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of Revolve Group by 22.5% during the first quarter. SG Americas Securities LLC now owns 19,734 shares of the company’s stock worth $424,000 after purchasing an additional 3,631 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Revolve Group by 16.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 588,964 shares of the company’s stock worth $12,963,000 after purchasing an additional 82,043 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Revolve Group by 5.6% during the first quarter. Principal Financial Group Inc. now owns 102,440 shares of the company’s stock worth $2,201,000 after purchasing an additional 5,390 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Revolve Group by 3.4% during the first quarter. Bank of New York Mellon Corp now owns 115,457 shares of the company’s stock worth $2,481,000 after purchasing an additional 3,827 shares during the last quarter. Hedge funds and other institutional investors own 67.60% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on RVLV. Zacks Research cut shares of Revolve Group from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Revolve Group in a report on Wednesday, October 8th. UBS Group reissued a “neutral” rating and set a $22.00 target price (up previously from $19.00) on shares of Revolve Group in a report on Friday, July 25th. Raymond James Financial lifted their price objective on shares of Revolve Group from $21.00 to $25.00 and gave the company an “outperform” rating in a report on Tuesday, July 22nd. Finally, Roth Capital reaffirmed a “buy” rating and issued a $24.00 price objective (up previously from $19.00) on shares of Revolve Group in a report on Tuesday, August 5th. Ten analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $27.40.

Revolve Group Trading Down 0.1%

Shares of RVLV stock opened at $20.78 on Friday. The company has a market capitalization of $1.48 billion, a P/E ratio of 33.52, a P/E/G ratio of 2.27 and a beta of 1.88. The business’s 50 day moving average is $22.12 and its two-hundred day moving average is $21.03. Revolve Group, Inc. has a 12-month low of $16.80 and a 12-month high of $39.58.

Revolve Group (NYSE:RVLV) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. The company had revenue of $308.97 million for the quarter, compared to the consensus estimate of $297.91 million. Revolve Group had a return on equity of 10.17% and a net margin of 3.83%.Revolve Group’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.21 earnings per share. On average, research analysts predict that Revolve Group, Inc. will post 0.6 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.