Jump Financial LLC Acquires Shares of 100,418 Revolve Group, Inc. $RVLV

Jump Financial LLC acquired a new position in Revolve Group, Inc. (NYSE:RVLV) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 100,418 shares of the company’s stock, valued at approximately $2,158,000. Jump Financial LLC owned approximately 0.14% of Revolve Group as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Summit Securities Group LLC bought a new position in shares of Revolve Group during the 1st quarter valued at approximately $25,000. CWM LLC raised its holdings in Revolve Group by 40.4% during the 1st quarter. CWM LLC now owns 2,905 shares of the company’s stock valued at $62,000 after buying an additional 836 shares during the period. Castlekeep Investment Advisors LLC purchased a new stake in Revolve Group during the 4th quarter valued at $65,000. Wallace Advisory Group LLC purchased a new stake in Revolve Group in the first quarter worth $136,000. Finally, Neo Ivy Capital Management purchased a new stake in Revolve Group in the fourth quarter worth $156,000. 67.60% of the stock is currently owned by institutional investors.

Revolve Group Trading Up 3.5%

Shares of RVLV stock opened at $22.97 on Thursday. Revolve Group, Inc. has a 12-month low of $16.80 and a 12-month high of $39.58. The company has a market cap of $1.64 billion, a price-to-earnings ratio of 37.05, a price-to-earnings-growth ratio of 2.43 and a beta of 1.98. The stock has a 50 day simple moving average of $21.06 and a 200-day simple moving average of $21.88.

Revolve Group (NYSE:RVLV) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.02. The business had revenue of $308.97 million for the quarter, compared to the consensus estimate of $297.91 million. Revolve Group had a net margin of 3.83% and a return on equity of 10.17%. The company’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.21 earnings per share. On average, equities analysts forecast that Revolve Group, Inc. will post 0.6 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on RVLV shares. UBS Group reaffirmed a “neutral” rating and set a $22.00 price objective (up previously from $19.00) on shares of Revolve Group in a research report on Friday, July 25th. Barclays reiterated a “reduce” rating on shares of Revolve Group in a research report on Wednesday, May 7th. Morgan Stanley lifted their price target on Revolve Group from $22.00 to $24.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 6th. Cowen reissued a “buy” rating on shares of Revolve Group in a research note on Friday, June 6th. Finally, Roth Capital restated a “buy” rating and issued a $24.00 target price (up previously from $19.00) on shares of Revolve Group in a research report on Tuesday, August 5th. Ten analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Revolve Group presently has an average rating of “Moderate Buy” and an average price target of $27.40.

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.