Envestnet Asset Management Inc. Has $5.23 Million Stock Holdings in Revolve Group, Inc. $RVLV

Envestnet Asset Management Inc. decreased its holdings in shares of Revolve Group, Inc. (NYSE:RVLV) by 5.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 261,005 shares of the company’s stock after selling 15,975 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Revolve Group were worth $5,233,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CWM LLC lifted its holdings in shares of Revolve Group by 40.4% during the first quarter. CWM LLC now owns 2,905 shares of the company’s stock worth $62,000 after buying an additional 836 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Revolve Group by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,773 shares of the company’s stock worth $489,000 after acquiring an additional 964 shares during the period. Summit Securities Group LLC acquired a new position in Revolve Group during the 1st quarter valued at $25,000. Precision Wealth Strategies LLC raised its stake in Revolve Group by 12.0% during the 2nd quarter. Precision Wealth Strategies LLC now owns 15,322 shares of the company’s stock valued at $307,000 after purchasing an additional 1,644 shares during the last quarter. Finally, Rhumbline Advisers boosted its holdings in Revolve Group by 3.4% in the 1st quarter. Rhumbline Advisers now owns 55,133 shares of the company’s stock valued at $1,185,000 after purchasing an additional 1,788 shares during the period. Institutional investors and hedge funds own 67.60% of the company’s stock.

Revolve Group Trading Down 0.7%

Shares of RVLV opened at $21.83 on Thursday. The stock has a market cap of $1.56 billion, a PE ratio of 28.72, a PEG ratio of 2.44 and a beta of 1.93. Revolve Group, Inc. has a 1 year low of $16.80 and a 1 year high of $39.58. The stock has a 50 day simple moving average of $22.29 and a 200-day simple moving average of $21.32.

Revolve Group (NYSE:RVLV) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.11 by $0.13. Revolve Group had a return on equity of 11.26% and a net margin of 4.64%.The business had revenue of $295.63 million for the quarter, compared to analyst estimates of $297.36 million. During the same quarter in the previous year, the firm earned $0.15 EPS. Revolve Group’s quarterly revenue was up 4.4% on a year-over-year basis. On average, sell-side analysts forecast that Revolve Group, Inc. will post 0.6 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. UBS Group boosted their price objective on shares of Revolve Group from $22.00 to $23.00 and gave the stock a “neutral” rating in a report on Tuesday, October 21st. Weiss Ratings restated a “hold (c)” rating on shares of Revolve Group in a research note on Wednesday, October 8th. Zacks Research cut Revolve Group from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Piper Sandler lifted their price objective on Revolve Group from $22.00 to $25.00 and gave the stock an “overweight” rating in a report on Wednesday, August 6th. Finally, Evercore ISI restated a “mixed” rating on shares of Revolve Group in a research report on Wednesday, November 5th. Eight equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Revolve Group presently has an average rating of “Moderate Buy” and a consensus target price of $25.92.

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.