Revolve Group, Inc. (NYSE:RVLV) Shares Sold by GW&K Investment Management LLC

GW&K Investment Management LLC lowered its holdings in Revolve Group, Inc. (NYSE:RVLV) by 7.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 927,100 shares of the company’s stock after selling 71,096 shares during the quarter. GW&K Investment Management LLC owned about 1.28% of Revolve Group worth $15,371,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Signaturefd LLC raised its position in Revolve Group by 452.4% in the 3rd quarter. Signaturefd LLC now owns 1,823 shares of the company’s stock valued at $25,000 after purchasing an additional 1,493 shares during the last quarter. Corton Capital Inc. purchased a new stake in shares of Revolve Group in the third quarter valued at about $140,000. Handelsbanken Fonder AB acquired a new stake in shares of Revolve Group during the fourth quarter worth about $179,000. Klein Pavlis & Peasley Financial Inc. purchased a new position in shares of Revolve Group during the fourth quarter worth about $240,000. Finally, Qsemble Capital Management LP acquired a new position in Revolve Group in the 3rd quarter valued at about $201,000. Institutional investors and hedge funds own 67.60% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on RVLV shares. Needham & Company LLC reiterated a “buy” rating and issued a $25.00 target price on shares of Revolve Group in a research note on Friday, May 17th. Stifel Nicolaus boosted their price objective on shares of Revolve Group from $20.00 to $24.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Roth Mkm raised their target price on shares of Revolve Group from $21.00 to $26.00 and gave the stock a “buy” rating in a research note on Wednesday, May 8th. Wedbush boosted their price target on shares of Revolve Group from $17.00 to $19.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 8th. Finally, Evercore ISI raised their price objective on shares of Revolve Group from $17.00 to $20.00 and gave the company an “in-line” rating in a research report on Monday, May 6th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $20.50.

Revolve Group Price Performance

RVLV traded down $0.47 during midday trading on Wednesday, reaching $20.52. 67,793 shares of the company’s stock were exchanged, compared to its average volume of 1,060,764. Revolve Group, Inc. has a 1-year low of $12.25 and a 1-year high of $23.19. The stock has a market capitalization of $1.45 billion, a PE ratio of 61.75, a P/E/G ratio of 2.91 and a beta of 2.15. The business’s 50-day moving average price is $20.40 and its 200 day moving average price is $17.63.

Revolve Group (NYSE:RVLV) last issued its quarterly earnings data on Tuesday, May 7th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.07. The business had revenue of $270.60 million for the quarter, compared to the consensus estimate of $271.80 million. Revolve Group had a return on equity of 6.30% and a net margin of 2.34%. The business’s revenue was down 3.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.19 earnings per share. As a group, analysts expect that Revolve Group, Inc. will post 0.47 EPS for the current fiscal 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.