Quantinno Capital Management LP Purchases 24,709 Shares of Revolve Group, Inc. $RVLV

Quantinno Capital Management LP lifted its position in Revolve Group, Inc. (NYSE:RVLV) by 194.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,447 shares of the company’s stock after buying an additional 24,709 shares during the period. Quantinno Capital Management LP’s holdings in Revolve Group were worth $847,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. AQR Capital Management LLC grew its stake in Revolve Group by 94.7% in the first quarter. AQR Capital Management LLC now owns 24,242 shares of the company’s stock valued at $521,000 after acquiring an additional 11,793 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Revolve Group by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,773 shares of the company’s stock worth $489,000 after purchasing an additional 964 shares during the period. Caxton Associates LLP acquired a new stake in shares of Revolve Group during the first quarter worth about $232,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Revolve Group by 10.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 109,066 shares of the company’s stock valued at $2,344,000 after purchasing an additional 10,146 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of Revolve Group by 13.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 41,501 shares of the company’s stock valued at $832,000 after purchasing an additional 4,781 shares during the period. Institutional investors and hedge funds own 67.60% of the company’s stock.

Revolve Group Stock Down 2.4%

NYSE:RVLV opened at $23.11 on Tuesday. The company has a market cap of $1.65 billion, a P/E ratio of 22.88, a price-to-earnings-growth ratio of 2.95 and a beta of 1.60. Revolve Group, Inc. has a twelve month low of $17.35 and a twelve month high of $31.68. The business has a 50 day moving average price of $23.54 and a two-hundred day moving average price of $23.44.

Revolve Group (NYSE:RVLV) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.05. The company had revenue of $347.41 million for the quarter, compared to the consensus estimate of $341.91 million. Revolve Group had a net margin of 5.54% and a return on equity of 13.38%. The firm’s revenue was up 12.5% compared to the same quarter last year. During the same period last year, the company earned $0.14 earnings per share. As a group, analysts anticipate that Revolve Group, Inc. will post 0.82 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on RVLV shares. Roth Capital reissued a “buy” rating and set a $37.00 target price on shares of Revolve Group in a research note on Wednesday, August 5th. TD Cowen upped their price target on shares of Revolve Group from $28.00 to $31.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. BTIG Research reissued a “buy” rating and set a $35.00 price objective on shares of Revolve Group in a research report on Wednesday, May 6th. Barclays dropped their price objective on shares of Revolve Group from $28.00 to $26.00 and set an “equal weight” rating on the stock in a report on Thursday, May 7th. Finally, UBS Group upped their target price on shares of Revolve Group from $28.00 to $29.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. Seven equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $30.08.

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.