Swiss National Bank Boosts Stake in Revolve Group, Inc. (NYSE:RVLV)

Swiss National Bank lifted its stake in shares of Revolve Group, Inc. (NYSE:RVLV – Get Rating) by 1.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 98,300 shares of the company’s stock after acquiring an additional 1,800 shares during the quarter. Swiss National Bank owned approximately 0.13% of Revolve Group worth $2,188,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Spire Wealth Management increased its holdings in Revolve Group by 33.6% during the third quarter. Spire Wealth Management now owns 2,031 shares of the company’s stock valued at $44,000 after buying an additional 511 shares during the period. Point72 Hong Kong Ltd purchased a new position in Revolve Group during the third quarter valued at approximately $126,000. Great West Life Assurance Co. Can purchased a new position in Revolve Group during the third quarter valued at approximately $132,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Revolve Group by 18.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,975 shares of the company’s stock valued at $155,000 after buying an additional 1,062 shares during the period. Finally, PNC Financial Services Group Inc. boosted its stake in Revolve Group by 55.0% in the first quarter. PNC Financial Services Group Inc. now owns 3,052 shares of the company’s stock valued at $163,000 after acquiring an additional 1,083 shares in the last quarter. 71.64% of the stock is owned by hedge funds and other institutional investors.

Revolve Group Trading Down 4.3 %

NYSE RVLV opened at $15.73 on Friday. The company has a market capitalization of $1.15 billion, a PE ratio of 23.13, a P/E/G ratio of 9.14 and a beta of 2.12. The company has a fifty day moving average of $21.49 and a 200 day moving average of $24.04. Revolve Group, Inc. has a 1 year low of $15.55 and a 1 year high of $33.67. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.85 and a quick ratio of 1.86.

Revolve Group (NYSE:RVLV – Get Rating) last released its quarterly earnings data on Wednesday, May 3rd. The company reported $0.19 earnings per share 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 during the quarter, compared to analysts’ expectations of $290.14 million. During the same quarter in the previous year, the company earned $0.30 earnings per share. The firm’s revenue for the quarter was down 1.4% on a year-over-year basis. Research analysts forecast that Revolve Group, Inc. will post 0.63 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. BMO Capital Markets lowered their target price on shares of Revolve Group from $22.00 to $17.00 in a research note on Thursday, May 4th. Raymond James downgraded shares of Revolve Group from an “outperform” rating to a “market perform” rating in a research note on Thursday, May 4th. Barclays lowered their target price on shares of Revolve Group from $20.00 to $17.00 in a research note on Thursday, May 4th. KeyCorp lowered their target price on shares of Revolve Group from $30.00 to $24.00 in a research note on Thursday, May 4th. Finally, TD Cowen downgraded shares of Revolve Group from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $30.00 to $19.00 in a research note on Monday. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $25.67.

About Revolve Group

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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.