Handelsbanken Fonder AB Takes $179,000 Position in Revolve Group, Inc. (NYSE:RVLV)

Handelsbanken Fonder AB purchased a new position in Revolve Group, Inc. (NYSE:RVLV) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 10,800 shares of the company’s stock, valued at approximately $179,000.

Other institutional investors also recently added to or reduced their stakes in the company. Kayne Anderson Rudnick Investment Management LLC increased its position in Revolve Group by 5.5% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 7,466,195 shares of the company’s stock worth $101,615,000 after buying an additional 390,670 shares during the last quarter. Vanguard Group Inc. increased its holdings in Revolve Group by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 3,915,304 shares of the company’s stock worth $53,287,000 after acquiring an additional 18,228 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Revolve Group by 7.9% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 814,882 shares of the company’s stock worth $13,511,000 after acquiring an additional 59,354 shares during the last quarter. Qube Research & Technologies Ltd raised its stake in Revolve Group by 38.3% in the 3rd quarter. Qube Research & Technologies Ltd now owns 534,242 shares of the company’s stock valued at $7,271,000 after acquiring an additional 148,050 shares during the period. Finally, Polen Capital Management LLC lifted its holdings in Revolve Group by 14.6% during the third quarter. Polen Capital Management LLC now owns 483,103 shares of the company’s stock valued at $6,575,000 after purchasing an additional 61,499 shares during the last quarter. Institutional investors own 67.60% of the company’s stock.

Revolve Group Stock Performance

Shares of RVLV stock opened at $19.67 on Friday. The company has a market capitalization of $1.39 billion, a P/E ratio of 51.76, a PEG ratio of 1.38 and a beta of 2.15. Revolve Group, Inc. has a fifty-two week low of $12.25 and a fifty-two week high of $23.19. The stock has a 50 day moving average price of $20.08 and a two-hundred day moving average price of $16.87.

Revolve Group (NYSE:RVLV) last issued its earnings results on Tuesday, February 27th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.02 by $0.03. The company had revenue of $257.78 million for the quarter, compared to the consensus estimate of $246.20 million. Revolve Group had a net margin of 2.63% and a return on equity of 7.11%. The firm’s revenue for the quarter was down .5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.11 earnings per share. As a group, equities analysts predict that Revolve Group, Inc. will post 0.48 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on RVLV shares. The Goldman Sachs Group initiated coverage on shares of Revolve Group in a research report on Wednesday, January 10th. They issued a “sell” rating and a $12.00 price target on the stock. BTIG Research boosted their target price on shares of Revolve Group from $22.00 to $24.00 and gave the company a “buy” rating in a report on Wednesday, April 3rd. Wedbush increased their target price on Revolve Group from $12.00 to $17.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 28th. Morgan Stanley began coverage on Revolve Group in a research report on Wednesday, February 28th. They issued an “equal weight” rating for the company. Finally, Raymond James raised shares of Revolve Group from a “market perform” rating to an “outperform” rating and set a $21.00 price objective for the company in a report on Wednesday, February 28th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Revolve Group presently has an average rating of “Hold” and an average price target of $19.09.

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.