AlphaQuest LLC Sells 1,688 Shares of Revolve Group, Inc. $RVLV

AlphaQuest LLC lessened its holdings in Revolve Group, Inc. (NYSE:RVLV) by 30.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,847 shares of the company’s stock after selling 1,688 shares during the quarter. AlphaQuest LLC’s holdings in Revolve Group were worth $83,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Summit Securities Group LLC purchased a new stake in shares of Revolve Group during the 1st quarter valued at $25,000. Castlekeep Investment Advisors LLC purchased a new stake in shares of Revolve Group during the 4th quarter valued at $65,000. CWM LLC increased its position in shares of 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 purchasing an additional 836 shares during the last quarter. Neo Ivy Capital Management purchased a new stake in shares of Revolve Group during the 4th quarter valued at $156,000. Finally, First Trust Advisors LP purchased a new stake in shares of Revolve Group during the 4th quarter valued at $209,000. 67.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

RVLV has been the subject of several research analyst reports. UBS Group reaffirmed a “neutral” rating and set a $22.00 target price (up from $19.00) on shares of Revolve Group in a research report on Friday, July 25th. Morgan Stanley raised their target price on Revolve Group from $22.00 to $24.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 6th. Raymond James Financial raised their target price on Revolve Group from $21.00 to $25.00 and gave the company an “outperform” rating in a research report on Tuesday, July 22nd. Piper Sandler increased their price target on Revolve Group from $22.00 to $25.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 6th. Finally, Roth Capital reiterated a “buy” rating and set a $24.00 price target (up previously from $19.00) on shares of Revolve Group in a research note on Tuesday, August 5th. Ten research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Revolve Group presently has an average rating of “Moderate Buy” and an average price target of $27.40.

Revolve Group Stock Down 4.0%

Shares of NYSE RVLV opened at $21.49 on Wednesday. Revolve Group, Inc. has a 52 week low of $16.80 and a 52 week high of $39.58. The business has a 50-day simple moving average of $21.20 and a two-hundred day simple moving average of $21.58. The company has a market cap of $1.53 billion, a P/E ratio of 34.65, a P/E/G ratio of 2.44 and a beta of 1.94.

Revolve Group (NYSE:RVLV) last issued its earnings results on Tuesday, August 5th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.12 by $0.02. Revolve Group had a return on equity of 10.17% and a net margin of 3.83%.The business had revenue of $308.97 million during the quarter, compared to the consensus estimate of $297.91 million. During the same quarter last year, the company earned $0.21 EPS. The firm’s revenue was up 9.3% compared to the same quarter last year. Equities research analysts anticipate that Revolve Group, Inc. will post 0.6 EPS for the current year.

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.