Intech Investment Management LLC Sells 2,294 Shares of Revolve Group, Inc. $RVLV

Intech Investment Management LLC lowered its holdings in shares of Revolve Group, Inc. (NYSE:RVLV) by 9.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,162 shares of the company’s stock after selling 2,294 shares during the quarter. Intech Investment Management LLC’s holdings in Revolve Group were worth $424,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of RVLV. Summit Securities Group LLC bought a new stake in shares of Revolve Group during the first quarter worth $25,000. CWM LLC increased its stake in Revolve Group by 40.4% in the 1st quarter. CWM LLC now owns 2,905 shares of the company’s stock worth $62,000 after buying an additional 836 shares during the period. Generali Investments Towarzystwo Funduszy Inwestycyjnych bought a new stake in Revolve Group during the 2nd quarter valued at about $60,000. Logan Capital Management Inc. lifted its holdings in Revolve Group by 35.5% during the 2nd 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 in the last quarter. Finally, Police & Firemen s Retirement System of New Jersey boosted its position in Revolve Group by 15.5% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 9,156 shares of the company’s stock valued at $184,000 after buying an additional 1,231 shares during the period. Hedge funds and other institutional investors own 67.60% of the company’s stock.

Wall Street Analysts Forecast Growth

RVLV has been the topic of a number of research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Revolve Group in a research report on Wednesday, October 8th. Wall Street Zen downgraded Revolve Group from a “buy” rating to a “hold” rating in a report on Sunday, November 23rd. BTIG Research reaffirmed a “buy” rating and set a $30.00 target price on shares of Revolve Group in a research report on Wednesday, November 19th. Barclays increased their price target on Revolve Group from $23.00 to $24.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 5th. Finally, Piper Sandler raised their price target on Revolve Group from $22.00 to $25.00 and gave the company an “overweight” rating in a research note on Wednesday, August 6th. Nine analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $26.21.

Revolve Group Stock Down 2.2%

Revolve Group stock opened at $24.17 on Friday. The firm has a market cap of $1.72 billion, a P/E ratio of 31.80, a P/E/G ratio of 2.68 and a beta of 1.93. The business has a fifty day moving average of $22.08 and a two-hundred day moving average of $21.62. Revolve Group, Inc. has a twelve month low of $16.80 and a twelve month high of $39.58.

Revolve Group (NYSE:RVLV) last released its quarterly earnings results on Tuesday, November 4th. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.11 by $0.13. The firm had revenue of $295.63 million during the quarter, compared to analyst estimates of $297.36 million. Revolve Group had a return on equity of 11.26% and a net margin of 4.64%.The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.15 EPS. Equities analysts expect that Revolve Group, Inc. will post 0.6 earnings per share for the current year.

About Revolve Group

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.