Granahan Investment Management LLC Invests $20.48 Million in Revolve Group, Inc. (NYSE:RVLV)

Granahan Investment Management LLC bought a new position in Revolve Group, Inc. (NYSE:RVLVGet Rating) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 381,520 shares of the company’s stock, valued at approximately $20,484,000. Granahan Investment Management LLC owned about 0.52% of Revolve Group at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of RVLV. CWM LLC boosted its position in shares of Revolve Group by 1,478.9% during the first quarter. CWM LLC now owns 900 shares of the company’s stock valued at $48,000 after buying an additional 843 shares during the last quarter. Focused Wealth Management Inc purchased a new stake in shares of Revolve Group during the first quarter valued at $70,000. PNC Financial Services Group Inc. boosted its position in shares of Revolve Group by 55.0% during the first quarter. PNC Financial Services Group Inc. now owns 3,052 shares of the company’s stock valued at $163,000 after buying an additional 1,083 shares during the last quarter. Rockefeller Capital Management L.P. boosted its position in shares of Revolve Group by 16.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 3,634 shares of the company’s stock valued at $203,000 after buying an additional 500 shares during the last quarter. Finally, Los Angeles Capital Management LLC purchased a new stake in shares of Revolve Group during the first quarter valued at $204,000. 71.06% of the stock is owned by hedge funds and other institutional investors.

Revolve Group Stock Up 6.6 %

Shares of RVLV opened at $27.00 on Friday. The business’s 50 day moving average is $26.82 and its 200 day moving average is $35.78. The company has a market capitalization of $1.98 billion, a PE ratio of 23.89, a price-to-earnings-growth ratio of 6.88 and a beta of 2.23. Revolve Group, Inc. has a 12-month low of $22.27 and a 12-month high of $89.60. The company has a current ratio of 2.59, a quick ratio of 1.55 and a debt-to-equity ratio of 0.04.

Revolve Group (NYSE:RVLVGet Rating) last issued its earnings results on Wednesday, August 3rd. The company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.08). The business had revenue of $290.05 million for the quarter, compared to the consensus estimate of $294.63 million. Revolve Group had a net margin of 8.03% and a return on equity of 26.18%. Research analysts expect that Revolve Group, Inc. will post 0.71 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on RVLV shares. BMO Capital Markets dropped their target price on Revolve Group from $29.00 to $22.00 and set a “market perform” rating on the stock in a research report on Thursday, August 4th. Cowen dropped their target price on Revolve Group from $52.00 to $32.00 in a research report on Thursday, August 4th. Stifel Nicolaus dropped their target price on Revolve Group from $53.00 to $37.00 in a research report on Wednesday, July 20th. Cowen dropped their target price on Revolve Group from $52.00 to $32.00 in a research report on Thursday, August 4th. Finally, Morgan Stanley dropped their target price on Revolve Group from $51.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 4th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $38.72.

Revolve Group Profile

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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.

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

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