Arizona State Retirement System Has $573,000 Holdings in Revolve Group, Inc. (NYSE:RVLV)

Arizona State Retirement System increased its holdings in shares of Revolve Group, Inc. (NYSE:RVLVGet Rating) by 4.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,673 shares of the company’s stock after buying an additional 438 shares during the quarter. Arizona State Retirement System’s holdings in Revolve Group were worth $573,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in RVLV. CWM LLC raised its stake in shares of Revolve Group by 1,478.9% in the 1st quarter. CWM LLC now owns 900 shares of the company’s stock valued at $48,000 after purchasing an additional 843 shares during the period. Nisa Investment Advisors LLC raised its stake in shares of Revolve Group by 134.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,170 shares of the company’s stock valued at $58,000 after purchasing an additional 670 shares during the period. Focused Wealth Management Inc acquired a new stake in shares of Revolve Group in the 1st quarter valued at about $70,000. Rockefeller Capital Management L.P. raised its stake in shares of Revolve Group by 16.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 3,634 shares of the company’s stock valued at $203,000 after purchasing an additional 500 shares during the period. Finally, Spinnaker Investment Group LLC acquired a new stake in shares of Revolve Group in the 4th quarter valued at about $217,000. Institutional investors and hedge funds own 54.50% of the company’s stock.

Revolve Group Trading Up 6.5 %

Shares of RVLV stock opened at $30.94 on Thursday. The firm has a 50 day moving average price of $28.85 and a two-hundred day moving average price of $40.58. The company has a quick ratio of 1.57, a current ratio of 2.39 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $2.27 billion, a PE ratio of 23.26, a price-to-earnings-growth ratio of 1.86 and a beta of 2.19. Revolve Group, Inc. has a 12-month low of $24.10 and a 12-month high of $89.60.

Revolve Group (NYSE:RVLVGet Rating) last issued its quarterly earnings data on Tuesday, May 3rd. The company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.05. Revolve Group had a net margin of 10.06% and a return on equity of 33.24%. The firm had revenue of $283.50 million during the quarter, compared to the consensus estimate of $256.78 million. During the same period last year, the business posted $0.30 earnings per share. The business’s revenue for the quarter was up 58.5% compared to the same quarter last year. As a group, analysts predict that Revolve Group, Inc. will post 1.22 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on RVLV shares. Credit Suisse Group decreased their price objective on Revolve Group from $74.00 to $58.00 in a report on Wednesday, May 4th. BTIG Research decreased their price objective on Revolve Group from $66.00 to $50.00 and set a “buy” rating for the company in a report on Thursday, July 21st. Bank of America cut Revolve Group from a “buy” rating to an “underperform” rating and set a $22.00 price objective for the company. in a report on Tuesday, July 26th. William Blair restated an “outperform” rating on shares of Revolve Group in a report on Wednesday, April 27th. Finally, Cowen decreased their price objective on Revolve Group from $65.00 to $52.00 in a report on Wednesday, May 4th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Revolve Group presently has a consensus rating of “Moderate Buy” and an average target price of $57.47.

Revolve Group Company Profile

(Get Rating)

Revolve Group, Inc operates as an online fashion retailer for 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. The company offers women's apparel, footwear, accessories, and beauty styles under established and emerging brands, as well as owned brands.

Recommended Stories

Institutional Ownership by Quarter for Revolve Group (NYSE:RVLV)

Want More Great Investing Ideas?

Receive News & Ratings for Revolve Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Revolve Group and related companies with MarketBeat.com's FREE daily email newsletter.