Precision Wealth Strategies LLC Buys 1,644 Shares of Revolve Group, Inc. $RVLV

Precision Wealth Strategies LLC lifted its stake in shares of Revolve Group, Inc. (NYSE:RVLV) by 12.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,322 shares of the company’s stock after purchasing an additional 1,644 shares during the period. Precision Wealth Strategies LLC’s holdings in Revolve Group were worth $307,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Norden Group LLC raised its stake in shares of Revolve Group by 29.4% during the 2nd quarter. Norden Group LLC now owns 30,119 shares of the company’s stock worth $604,000 after purchasing an additional 6,846 shares in the last quarter. Rhumbline Advisers raised its stake 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 acquiring an additional 1,788 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Revolve Group by 10.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 109,066 shares of the company’s stock valued at $2,344,000 after acquiring an additional 10,146 shares during the period. Caxton Associates LLP bought a new stake in Revolve Group in the 1st quarter valued at $232,000. Finally, Dynamic Technology Lab Private Ltd raised its stake in Revolve Group by 29.7% in the 1st quarter. Dynamic Technology Lab Private Ltd now owns 25,240 shares of the company’s stock valued at $542,000 after acquiring an additional 5,775 shares during the period. Institutional investors own 67.60% of the company’s stock.

Revolve Group Price Performance

RVLV stock opened at $21.46 on Friday. The stock has a market capitalization of $1.53 billion, a price-to-earnings ratio of 34.62, a PEG ratio of 2.28 and a beta of 1.88. The business’s fifty day moving average price is $21.97 and its two-hundred day moving average price is $21.13. Revolve Group, Inc. has a fifty-two week low of $16.80 and a fifty-two week high of $39.58.

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

Analysts Set New Price Targets

A number of research firms recently weighed in on RVLV. Roth Capital restated a “buy” rating and issued a $24.00 price target (up previously from $19.00) on shares of Revolve Group in a research note on Tuesday, August 5th. Robert W. Baird increased their price target on Revolve Group from $23.00 to $25.00 and gave the company a “neutral” rating in a research note on Friday, June 6th. Cowen restated a “buy” rating on shares of Revolve Group in a research note on Friday, June 6th. Piper Sandler increased their price target on Revolve Group from $22.00 to $25.00 and gave the company an “overweight” rating in a research note on Wednesday, August 6th. Finally, Raymond James Financial increased their price target on Revolve Group from $21.00 to $25.00 and gave the company an “outperform” rating in a research note on Tuesday, July 22nd. Ten investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $27.40.

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.