Jackson Square Capital LLC Takes $887,000 Position in Revolve Group, Inc. (NYSE:RVLV)

Jackson Square Capital LLC purchased a new stake in shares of Revolve Group, Inc. (NYSE:RVLV) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 41,287 shares of the company’s stock, valued at approximately $887,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Deutsche Bank AG boosted its position in shares of Revolve Group by 6.2% during the 4th quarter. Deutsche Bank AG now owns 50,884 shares of the company’s stock valued at $1,704,000 after acquiring an additional 2,976 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Revolve Group by 1.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 318,683 shares of the company’s stock valued at $10,673,000 after acquiring an additional 3,470 shares during the last quarter. Hsbc Holdings PLC boosted its position in shares of Revolve Group by 21.9% during the 4th quarter. Hsbc Holdings PLC now owns 16,445 shares of the company’s stock valued at $555,000 after acquiring an additional 2,955 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Revolve Group during the 4th quarter valued at about $333,000. Finally, Castlekeep Investment Advisors LLC acquired a new position in Revolve Group in the fourth quarter valued at about $65,000. Institutional investors and hedge funds own 67.60% of the company’s stock.

Revolve Group Stock Performance

RVLV stock opened at $20.28 on Friday. The company’s 50 day moving average price is $20.20 and its 200 day moving average price is $26.27. Revolve Group, Inc. has a fifty-two week low of $14.87 and a fifty-two week high of $39.58. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of 36.21, a PEG ratio of 1.48 and a beta of 2.02.

Revolve Group (NYSE:RVLV) last released its earnings results on Tuesday, May 6th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.03. Revolve Group had a net margin of 3.72% and a return on equity of 10.17%. The firm had revenue of $296.71 million for the quarter, compared to analyst estimates of $297.56 million. During the same period in the prior year, the firm earned $0.15 earnings per share. The business’s quarterly revenue was up 9.7% compared to the same quarter last year. Equities analysts forecast that Revolve Group, Inc. will post 0.6 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

RVLV has been the subject of a number of recent analyst reports. Robert W. Baird lifted their price target on shares of Revolve Group from $23.00 to $25.00 and gave the company a “neutral” rating in a research report on Friday, June 6th. Jefferies Financial Group upgraded shares of Revolve Group from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a research report on Friday, March 14th. Cowen reiterated a “buy” rating on shares of Revolve Group in a research report on Friday, June 6th. Morgan Stanley dropped their price target on shares of Revolve Group from $29.00 to $21.00 and set an “equal weight” rating for the company in a research report on Thursday, April 17th. Finally, Stifel Nicolaus dropped their price target on shares of Revolve Group from $40.00 to $28.00 and set a “buy” rating for the company in a research report on Thursday, April 10th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $26.20.

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.