Revolve Group, Inc. $RVLV Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC cut its position in shares of Revolve Group, Inc. (NYSE:RVLV) by 49.5% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 22,404 shares of the company’s stock after selling 21,983 shares during the quarter. Hsbc Holdings PLC’s holdings in Revolve Group were worth $501,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in RVLV. Vanguard Group Inc. increased its holdings in Revolve Group by 9.2% in the fourth quarter. Vanguard Group Inc. now owns 4,299,273 shares of the company’s stock valued at $129,795,000 after buying an additional 360,598 shares in the last quarter. William Blair Investment Management LLC raised its position in shares of Revolve Group by 16.6% in the fourth quarter. William Blair Investment Management LLC now owns 2,148,125 shares of the company’s stock worth $64,852,000 after acquiring an additional 306,547 shares during the period. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of Revolve Group during the 4th quarter worth about $59,421,000. Balyasny Asset Management L.P. boosted its stake in shares of Revolve Group by 55.7% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,862,955 shares of the company’s stock worth $56,243,000 after acquiring an additional 666,784 shares in the last quarter. Finally, Marshall Wace LLP grew its position in shares of Revolve Group by 44.4% during the 4th quarter. Marshall Wace LLP now owns 1,489,581 shares of the company’s stock valued at $44,970,000 after acquiring an additional 458,287 shares during the period. Institutional investors and hedge funds own 67.60% of the company’s stock.

Revolve Group Stock Down 1.3%

Shares of NYSE RVLV opened at $25.12 on Friday. The firm has a market cap of $1.80 billion, a price-to-earnings ratio of 28.22, a price-to-earnings-growth ratio of 2.75 and a beta of 1.61. The company’s 50-day simple moving average is $22.43 and its 200-day simple moving average is $23.91. Revolve Group, Inc. has a 52-week low of $17.35 and a 52-week high of $31.68.

Revolve Group (NYSE:RVLV) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.02. Revolve Group had a net margin of 5.05% and a return on equity of 12.17%. The firm had revenue of $342.88 million during the quarter, compared to the consensus estimate of $328.84 million. During the same quarter in the prior year, the firm earned $0.16 EPS. The company’s revenue for the quarter was up 15.6% on a year-over-year basis. Equities research analysts anticipate that Revolve Group, Inc. will post 0.85 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on RVLV shares. Morgan Stanley set a $27.00 price target on Revolve Group in a research note on Wednesday, May 6th. Wall Street Zen downgraded Revolve Group from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. UBS Group dropped their price objective on Revolve Group from $31.00 to $28.00 and set a “neutral” rating on the stock in a report on Wednesday, May 6th. Raymond James Financial set a $28.00 price objective on Revolve Group in a research report on Wednesday, May 6th. Finally, Robert W. Baird set a $28.00 target price on Revolve Group in a research note on Wednesday, May 6th. Seven research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.33.

Revolve Group Company Profile

Revolve Group, Inc operates as a leading online fashion retailer primarily serving millennial and Gen Z consumers through its flagship e-commerce platform. The company offers a curated assortment of apparel, accessories and beauty products from more than 500 established and emerging brands, alongside private label labels covering contemporary and premium segments. With a focus on trend-driven merchandise and seamless user experience, the website features shoppable editorial content and digital styling advice aimed at strengthening customer engagement and brand loyalty.

Founded in 2003 and headquartered in Cerritos, California, Revolve has expanded its footprint beyond North America by launching localized sites and logistics centers in Europe and the Middle East.