Revolve Group, Inc. (NYSE:RVLV) Stock Holdings Decreased by Azzad Asset Management Inc. ADV

Azzad Asset Management Inc. ADV reduced its position in Revolve Group, Inc. (NYSE:RVLV) by 2.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 72,267 shares of the company’s stock after selling 1,679 shares during the period. Azzad Asset Management Inc. ADV’s holdings in Revolve Group were worth $1,530,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Assetmark Inc. boosted its holdings in shares of Revolve Group by 8.3% during the fourth quarter. Assetmark Inc. now owns 8,252 shares of the company’s stock worth $137,000 after purchasing an additional 631 shares during the period. Handelsbanken Fonder AB acquired a new stake in shares of Revolve Group during the fourth quarter worth approximately $179,000. Teza Capital Management LLC acquired a new stake in shares of Revolve Group during the third quarter worth approximately $236,000. Klein Pavlis & Peasley Financial Inc. acquired a new stake in shares of Revolve Group during the fourth quarter worth approximately $240,000. Finally, Baker Tilly Wealth Management LLC lifted its stake in Revolve Group by 12.2% in the fourth quarter. Baker Tilly Wealth Management LLC now owns 16,028 shares of the company’s stock valued at $266,000 after acquiring an additional 1,737 shares during the last quarter. 67.60% of the stock is owned by hedge funds and other institutional investors.

Revolve Group Stock Up 0.4 %

Revolve Group stock traded up $0.06 on Wednesday, hitting $15.62. The company’s stock had a trading volume of 111,115 shares, compared to its average volume of 1,039,724. The firm has a market cap of $1.11 billion, a P/E ratio of 45.76, a price-to-earnings-growth ratio of 2.17 and a beta of 2.09. The company has a fifty day moving average price of $18.80 and a 200-day moving average price of $18.23. Revolve Group, Inc. has a one year low of $12.25 and a one year high of $23.19.

Revolve Group (NYSE:RVLV) last announced its quarterly earnings results 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. Revolve Group had a net margin of 2.34% and a return on equity of 6.30%. The firm had revenue of $270.60 million for the quarter, compared to analyst estimates of $271.80 million. During the same quarter in the previous year, the firm posted $0.19 EPS. The business’s revenue for the quarter was down 3.2% on a year-over-year basis. Analysts anticipate that Revolve Group, Inc. will post 0.47 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on RVLV. Stifel Nicolaus lifted their target price 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. Robert W. Baird lifted their target price on shares of Revolve Group from $19.00 to $23.00 and gave the company a “neutral” rating in a research note on Wednesday, May 8th. UBS Group lifted their target price on shares of Revolve Group from $21.00 to $22.00 and gave the company a “neutral” rating in a research note on Thursday, May 9th. BTIG Research lifted their target price on shares of Revolve Group from $22.00 to $24.00 and gave the company a “buy” rating in a research note on Wednesday, April 3rd. Finally, BMO Capital Markets lifted their target price on shares of Revolve Group from $13.00 to $15.00 and gave the company a “market perform” rating in a research note on Wednesday, May 8th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $20.50.

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.