Logan Capital Management Inc. Boosts Holdings in Revolve Group, Inc. $RVLV

Logan Capital Management Inc. boosted its position in shares of Revolve Group, Inc. (NYSE:RVLV) by 35.5% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,579 shares of the company’s stock after buying an additional 1,463 shares during the quarter. Logan Capital Management Inc.’s holdings in Revolve Group were worth $112,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Generali Investments Towarzystwo Funduszy Inwestycyjnych purchased a new stake in shares of Revolve Group during the second quarter valued at $60,000. Stephens Investment Management Group LLC boosted its stake in shares of Revolve Group by 28.6% during the second quarter. Stephens Investment Management Group LLC now owns 817,980 shares of the company’s stock valued at $16,400,000 after purchasing an additional 181,929 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Revolve Group during the second quarter valued at $461,000. William Blair Investment Management LLC boosted its stake in shares of Revolve Group by 80.2% during the second quarter. William Blair Investment Management LLC now owns 1,775,735 shares of the company’s stock valued at $35,603,000 after purchasing an additional 790,205 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of Revolve Group by 1.9% during the second quarter. Allspring Global Investments Holdings LLC now owns 600,124 shares of the company’s stock valued at $12,777,000 after purchasing an additional 11,160 shares during the period. 67.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Zacks Research lowered shares of Revolve Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Roth Capital reissued a “buy” rating and set a $24.00 target price (up from $19.00) on shares of Revolve Group in a research note on Tuesday, August 5th. Raymond James Financial boosted their target price on shares of Revolve Group from $21.00 to $25.00 and gave the company an “outperform” rating in a research note on Tuesday, July 22nd. UBS Group lifted their price objective on Revolve Group from $22.00 to $23.00 and gave the company a “neutral” rating in a report on Tuesday, October 21st. Finally, Piper Sandler lifted their price objective on Revolve Group from $22.00 to $25.00 and gave the company an “overweight” rating in a report on Wednesday, August 6th. Ten equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Revolve Group has an average rating of “Moderate Buy” and an average price target of $27.47.

Revolve Group Price Performance

RVLV stock opened at $23.44 on Wednesday. The business has a 50-day moving average price of $22.36 and a 200 day moving average price of $21.18. The company has a market capitalization of $1.67 billion, a P/E ratio of 37.81, a PEG ratio of 2.58 and a beta of 1.88. Revolve Group, Inc. has a 1-year low of $16.80 and a 1-year high of $39.58.

Revolve Group (NYSE:RVLV) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.02. The firm had revenue of $308.97 million during the quarter, compared to the consensus estimate of $297.91 million. Revolve Group had a return on equity of 10.17% and a net margin of 3.83%.The firm’s quarterly revenue was up 9.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.21 earnings per share. On average, analysts anticipate that Revolve Group, Inc. will post 0.6 earnings per share for the current fiscal year.

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.