UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Stock Holdings in Revolve Group, Inc. (NYSE:RVLV)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Revolve Group, Inc. (NYSE:RVLV) by 25.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 98,920 shares of the company’s stock after buying an additional 19,965 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Revolve Group were worth $3,313,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in RVLV. Venturi Wealth Management LLC grew its stake in Revolve Group by 1,302.1% in the 4th quarter. Venturi Wealth Management LLC now owns 1,346 shares of the company’s stock valued at $45,000 after acquiring an additional 1,250 shares during the period. Castlekeep Investment Advisors LLC purchased a new stake in Revolve Group in the 4th quarter valued at about $65,000. Northwest & Ethical Investments L.P. purchased a new stake in Revolve Group in the 4th quarter valued at about $87,000. Harvest Fund Management Co. Ltd purchased a new stake in Revolve Group in the 4th quarter valued at about $117,000. Finally, AlphaQuest LLC increased its stake in Revolve Group by 7.7% during the fourth quarter. AlphaQuest LLC now owns 5,535 shares of the company’s stock worth $185,000 after purchasing an additional 396 shares during the period. Institutional investors and hedge funds own 67.60% of the company’s stock.

Revolve Group Stock Up 3.5%

Shares of Revolve Group stock opened at $22.60 on Friday. The firm has a market cap of $1.61 billion, a price-to-earnings ratio of 40.35, a price-to-earnings-growth ratio of 1.48 and a beta of 2.10. The business has a fifty day simple moving average of $20.03 and a 200-day simple moving average of $26.85. Revolve Group, Inc. has a fifty-two week low of $14.87 and a fifty-two week high of $39.58.

Revolve Group (NYSE:RVLV) last announced its earnings results on Tuesday, May 6th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.03. The company had revenue of $296.71 million for the quarter, compared to analyst estimates of $297.56 million. Revolve Group had a return on equity of 10.17% and a net margin of 3.72%. Revolve Group’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.15 earnings per share. Analysts anticipate that Revolve Group, Inc. will post 0.6 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

RVLV has been the topic of a number of recent research reports. Piper Sandler cut their price target on shares of Revolve Group from $35.00 to $22.00 and set an “overweight” rating on the stock in a research note on Friday, April 11th. Barclays reaffirmed a “reduce” rating on shares of Revolve Group in a report on Wednesday, May 7th. Roth Mkm reissued a “buy” rating and issued a $36.00 price objective (up from $35.00) on shares of Revolve Group in a report on Wednesday, February 26th. Raymond James decreased their price objective on Revolve Group from $25.00 to $21.00 and set an “outperform” rating for the company in a report on Wednesday, May 7th. Finally, Jefferies Financial Group upgraded Revolve Group from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a research note on Friday, March 14th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $26.07.

Revolve Group Company 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.