Bryce Point Capital LLC Has $350,000 Holdings in Revolve Group, Inc. $RVLV

Bryce Point Capital LLC trimmed its position in shares of Revolve Group, Inc. (NYSE:RVLV) by 51.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,435 shares of the company’s stock after selling 18,155 shares during the quarter. Bryce Point Capital LLC’s holdings in Revolve Group were worth $350,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of RVLV. Hussman Strategic Advisors Inc. boosted its holdings in shares of Revolve Group by 100.0% in the 2nd quarter. Hussman Strategic Advisors Inc. now owns 84,000 shares of the company’s stock worth $1,684,000 after acquiring an additional 42,000 shares in the last quarter. Corton Capital Inc. acquired a new position in Revolve Group in the second quarter worth $221,000. Atria Investments Inc increased its stake in shares of Revolve Group by 25.8% in the second quarter. Atria Investments Inc now owns 18,018 shares of the company’s stock valued at $361,000 after buying an additional 3,696 shares in the last quarter. Logan Capital Management Inc. raised its holdings in shares of Revolve Group by 35.5% in the second quarter. Logan Capital Management Inc. now owns 5,579 shares of the company’s stock valued at $112,000 after buying an additional 1,463 shares during the last quarter. Finally, Generali Investments Towarzystwo Funduszy Inwestycyjnych bought a new position in shares of Revolve Group in the second quarter valued at about $60,000. Institutional investors own 67.60% of the company’s stock.

Revolve Group Price Performance

Shares of NYSE RVLV opened at $19.85 on Wednesday. Revolve Group, Inc. has a fifty-two week low of $16.80 and a fifty-two week high of $39.58. The firm has a market capitalization of $1.42 billion, a P/E ratio of 32.01, a P/E/G ratio of 2.31 and a beta of 1.93. The company’s 50 day simple moving average is $22.37 and its 200 day simple moving average is $21.25.

Revolve Group (NYSE:RVLV) last issued its earnings results on Tuesday, November 4th. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.11 by $0.18. Revolve Group had a net margin of 3.83% and a return on equity of 10.17%. The company had revenue of $295.63 million during the quarter, compared to analysts’ expectations of $297.36 million. During the same quarter in the previous year, the company posted $0.15 EPS. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. Sell-side analysts expect that Revolve Group, Inc. will post 0.6 EPS for the current fiscal year.

Wall Street Analyst Weigh In

RVLV has been the subject of several research reports. Roth Capital restated a “buy” rating and issued a $24.00 price objective (up previously from $19.00) on shares of Revolve Group in a research report on Tuesday, August 5th. Piper Sandler increased their price target on shares of Revolve Group from $22.00 to $25.00 and gave the company an “overweight” rating in a research note on Wednesday, August 6th. UBS Group boosted their price objective on shares of Revolve Group from $22.00 to $23.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 21st. Morgan Stanley upped their price objective on Revolve Group from $22.00 to $24.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 6th. Finally, Zacks Research lowered Revolve Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Ten research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Revolve Group has a consensus rating of “Moderate Buy” and an average target price of $27.47.

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.