Revolve Group, Inc. $RVLV Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC cut its stake in shares of Revolve Group, Inc. (NYSE:RVLV) by 49.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,404 shares of the company’s stock after selling 21,983 shares during the quarter. Hsbc Holdings PLC’s holdings in Revolve Group were worth $501,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in RVLV. Tudor Investment Corp ET AL lifted its position in Revolve Group by 197.1% during the 3rd quarter. Tudor Investment Corp ET AL now owns 435,437 shares of the company’s stock worth $9,275,000 after acquiring an additional 288,868 shares during the period. Vanguard Group Inc. grew its stake in Revolve Group by 9.2% during the 4th quarter. Vanguard Group Inc. now owns 4,299,273 shares of the company’s stock valued at $129,795,000 after purchasing an additional 360,598 shares during the last quarter. Wakefield Asset Management LLLP acquired a new position in shares of Revolve Group in the fourth quarter valued at about $1,323,000. GW&K Investment Management LLC raised its stake in shares of Revolve Group by 5.7% in the fourth quarter. GW&K Investment Management LLC now owns 797,389 shares of the company’s stock worth $24,073,000 after purchasing an additional 42,852 shares during the last quarter. Finally, Comerica Bank lifted its holdings in shares of Revolve Group by 2,253.8% during the fourth quarter. Comerica Bank now owns 42,250 shares of the company’s stock worth $1,276,000 after purchasing an additional 40,455 shares during the period. 67.60% of the stock is owned by institutional investors and hedge funds.

Revolve Group Stock Down 1.3%

Shares of RVLV stock opened at $25.12 on Friday. The stock has a market cap of $1.80 billion, a PE ratio of 28.22, a price-to-earnings-growth ratio of 2.75 and a beta of 1.61. The business has a 50-day simple moving average of $22.43 and a 200-day simple moving average of $23.91. Revolve Group, Inc. has a 52-week low of $17.35 and a 52-week high of $31.68.

Revolve Group (NYSE:RVLV) last posted its earnings results on Tuesday, May 5th. The company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.18 by $0.02. The firm had revenue of $342.88 million for the quarter, compared to analyst estimates of $328.84 million. Revolve Group had a return on equity of 12.17% and a net margin of 5.05%.Revolve Group’s revenue for the quarter was up 15.6% compared to the same quarter last year. During the same period last year, the company earned $0.16 earnings per share. Sell-side analysts anticipate that Revolve Group, Inc. will post 0.85 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently commented on RVLV. Wall Street Zen lowered Revolve Group from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. BTIG Research reissued a “buy” rating and set a $35.00 price target on shares of Revolve Group in a research report on Wednesday, May 6th. Piper Sandler decreased their price objective on shares of Revolve Group from $30.00 to $27.00 and set an “overweight” rating for the company in a research note on Wednesday, May 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Revolve Group in a report on Friday, July 17th. Finally, KeyCorp cut their price objective on shares of Revolve Group from $35.00 to $32.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 6th. Seven equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, Revolve Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.33.

Revolve Group Company Profile

Revolve Group, Inc operates as a leading online fashion retailer primarily serving millennial and Gen Z consumers through its flagship e-commerce platform. The company offers a curated assortment of apparel, accessories and beauty products from more than 500 established and emerging brands, alongside private label labels covering contemporary and premium segments. With a focus on trend-driven merchandise and seamless user experience, the website features shoppable editorial content and digital styling advice aimed at strengthening customer engagement and brand loyalty.

Founded in 2003 and headquartered in Cerritos, California, Revolve has expanded its footprint beyond North America by launching localized sites and logistics centers in Europe and the Middle East.