Envestnet Asset Management Inc. Boosts Stock Position in Revolve Group, Inc. (NYSE:RVLV)

Envestnet Asset Management Inc. boosted its holdings in shares of Revolve Group, Inc. (NYSE:RVLV – Get Rating) by 9.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 76,468 shares of the company’s stock after buying an additional 6,758 shares during the period. Envestnet Asset Management Inc. owned approximately 0.10% of Revolve Group worth $1,702,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Hodges Capital Management Inc. increased its holdings in shares of Revolve Group by 71.7% in the fourth quarter. Hodges Capital Management Inc. now owns 613,550 shares of the company’s stock worth $13,658,000 after buying an additional 256,178 shares during the period. Fisher Asset Management LLC increased its stake in shares of Revolve Group by 0.4% in the 4th quarter. Fisher Asset Management LLC now owns 2,637,604 shares of the company’s stock worth $58,713,000 after purchasing an additional 10,900 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Revolve Group in the 4th quarter worth $416,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Revolve Group by 18.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,975 shares of the company’s stock worth $155,000 after buying an additional 1,062 shares in the last quarter. Finally, Legato Capital Management LLC bought a new position in shares of Revolve Group during the 4th quarter valued at about $424,000. Institutional investors own 71.64% of the company’s stock.

Revolve Group Stock Performance

Shares of RVLV stock opened at $16.55 on Monday. Revolve Group, Inc. has a one year low of $16.16 and a one year high of $33.67. The firm’s 50 day moving average price is $22.16 and its 200-day moving average price is $24.23. The firm has a market cap of $1.21 billion, a P/E ratio of 24.34, a P/E/G ratio of 9.50 and a beta of 2.12. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.86 and a current ratio of 2.85.

Revolve Group (NYSE:RVLV – Get Rating) last announced its quarterly earnings data on Wednesday, May 3rd. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.04. Revolve Group had a net margin of 4.58% and a return on equity of 13.42%. The company had revenue of $279.60 million for the quarter, compared to the consensus estimate of $290.14 million. During the same period in the prior year, the firm posted $0.30 EPS. The company’s quarterly revenue was down 1.4% compared to the same quarter last year. As a group, equities research analysts predict that Revolve Group, Inc. will post 0.63 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on RVLV shares. Wedbush lowered their price target on shares of Revolve Group from $27.00 to $19.00 in a report on Thursday, May 4th. BTIG Research decreased their target price on shares of Revolve Group from $35.00 to $27.00 and set a “buy” rating for the company in a research report on Thursday, May 4th. KeyCorp cut their price objective on shares of Revolve Group from $30.00 to $24.00 in a report on Thursday, May 4th. Raymond James cut shares of Revolve Group from an “outperform” rating to a “market perform” rating in a research note on Thursday, May 4th. Finally, Barclays lowered their price target on shares of Revolve Group from $20.00 to $17.00 in a research report on Thursday, May 4th. Two analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $26.06.

Revolve Group Company Profile

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Revolve Group, Inc engages in the retail of next-generation fashion for millennial and generation Z consumers. It operates through the Revolve and Forward (FWRD) segments. The Revolve segment offers constant newness and discovery through a broad assortment of premium apparel, footwear, accessories and beauty products.