Gilder Gagnon Howe & Co. LLC increased its holdings in shares of Revolve Group (NYSE:RVLV) by 105.1% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 41,498 shares of the company’s stock after purchasing an additional 21,269 shares during the period. Gilder Gagnon Howe & Co. LLC owned approximately 0.06% of Revolve Group worth $970,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Bamco Inc. NY acquired a new position in shares of Revolve Group during the 2nd quarter worth about $17,250,000. Morgan Stanley bought a new position in Revolve Group during the second quarter valued at about $2,170,000. Envestnet Asset Management Inc. increased its stake in Revolve Group by 423.8% during the third quarter. Envestnet Asset Management Inc. now owns 51,033 shares of the company’s stock valued at $1,193,000 after acquiring an additional 41,290 shares during the period. Janus Henderson Group PLC bought a new position in Revolve Group during the second quarter valued at about $345,000. Finally, BlueMountain Capital Management LLC bought a new position in Revolve Group during the second quarter valued at about $1,725,000. 25.54% of the stock is owned by institutional investors and hedge funds.
Several brokerages recently issued reports on RVLV. DA Davidson began coverage on Revolve Group in a research note on Tuesday. They set a “neutral” rating and a $19.00 price target on the stock. Robert W. Baird began coverage on Revolve Group in a research note on Tuesday, November 12th. They set an “outperform” rating and a $26.00 price target on the stock. Cowen restated a “buy” rating and set a $34.00 price target on shares of Revolve Group in a research note on Monday. Guggenheim restated a “buy” rating and set a $50.00 price target on shares of Revolve Group in a research note on Monday, November 4th. Finally, Morgan Stanley began coverage on Revolve Group in a research note on Thursday, December 5th. They set a “buy” rating on the stock. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $34.36.
RVLV stock opened at $16.81 on Thursday. Revolve Group has a 1-year low of $14.35 and a 1-year high of $48.36. The firm has a 50 day moving average of $17.79.
Revolve Group (NYSE:RVLV) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.01. The company had revenue of $154.20 million during the quarter, compared to the consensus estimate of $153.13 million. During the same quarter in the prior year, the company posted $0.10 earnings per share. The company’s revenue for the quarter was up 22.5% on a year-over-year basis. On average, sell-side analysts predict that Revolve Group will post 0.55 earnings per share for the current year.
About Revolve Group
Revolve Group, Inc operates as an online fashion retailer for consumers in the United States and internationally. The company operates a platform that connects consumers and global fashion influencers, as well as emerging, established, and owned brands. It provides women's apparel, footwear, accessories, and beauty styles under a range of established and emerging brands, as well as owned brands.
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