Semanteon Capital Management LP Buys Shares of 35,445 Revolve Group, Inc. (NYSE:RVLV)

Semanteon Capital Management LP bought a new stake in Revolve Group, Inc. (NYSE:RVLV) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 35,445 shares of the company’s stock, valued at approximately $588,000.

Several other hedge funds and other institutional investors also recently modified their holdings of RVLV. CWM LLC grew its stake in shares of Revolve Group by 761.5% in the 3rd quarter. CWM LLC now owns 2,929 shares of the company’s stock valued at $40,000 after purchasing an additional 2,589 shares during the last quarter. Raymond James & Associates lifted its holdings in shares of Revolve Group by 43.2% in the 3rd quarter. Raymond James & Associates now owns 251,382 shares of the company’s stock valued at $3,421,000 after buying an additional 75,832 shares during the period. Assetmark Inc. lifted its holdings in shares of Revolve Group by 11.7% in the 3rd quarter. Assetmark Inc. now owns 7,621 shares of the company’s stock valued at $104,000 after buying an additional 797 shares during the period. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Revolve Group by 50.9% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 19,725 shares of the company’s stock valued at $268,000 after buying an additional 6,657 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in shares of Revolve Group by 27.0% in the 3rd quarter. Principal Financial Group Inc. now owns 38,344 shares of the company’s stock valued at $522,000 after buying an additional 8,157 shares during the period. 67.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on RVLV. TD Cowen raised Revolve Group from a “market perform” rating to an “outperform” rating and raised their price target for the company from $23.00 to $25.00 in a report on Thursday, March 21st. Wedbush raised their price target on Revolve Group from $12.00 to $17.00 and gave the company a “neutral” rating in a report on Wednesday, February 28th. Stifel Nicolaus raised their price target on Revolve Group from $20.00 to $24.00 and gave the company a “buy” rating in a report on Friday. BTIG Research raised their price target on Revolve Group from $22.00 to $24.00 and gave the company a “buy” rating in a report on Wednesday, April 3rd. Finally, Piper Sandler lifted their price objective on Revolve Group from $21.00 to $22.50 and gave the stock an “overweight” rating in a report on Wednesday, February 28th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $19.09.

Revolve Group Trading Up 2.0 %

Shares of NYSE:RVLV traded up $0.38 on Friday, hitting $19.81. The company had a trading volume of 800,119 shares, compared to its average volume of 1,087,940. Revolve Group, Inc. has a 52-week low of $12.25 and a 52-week high of $23.19. The business has a 50 day moving average of $19.82 and a 200 day moving average of $16.72. The company has a market cap of $1.40 billion, a PE ratio of 52.13, a PEG ratio of 1.39 and a beta of 2.17.

Revolve Group (NYSE:RVLV) last issued its quarterly earnings data on Tuesday, February 27th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.03. Revolve Group had a return on equity of 7.11% and a net margin of 2.63%. The business had revenue of $257.78 million for the quarter, compared to the consensus estimate of $246.20 million. During the same period in the prior year, the business earned $0.11 earnings per share. The business’s revenue was down .5% on a year-over-year basis. As a group, equities analysts predict that Revolve Group, Inc. will post 0.48 EPS for the current 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.