Azzad Asset Management Inc. ADV Lowers Stake in Revolve Group, Inc. (NYSE:RVLV)

Azzad Asset Management Inc. ADV reduced its holdings in shares of Revolve Group, Inc. (NYSE:RVLV) by 2.3% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 72,267 shares of the company’s stock after selling 1,679 shares during the period. Azzad Asset Management Inc. ADV owned approximately 0.10% of Revolve Group worth $1,530,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. GSA Capital Partners LLP purchased a new stake in shares of Revolve Group in the third quarter valued at about $3,820,000. Stephens Investment Management Group LLC boosted its holdings in shares of Revolve Group by 51.3% in the fourth quarter. Stephens Investment Management Group LLC now owns 678,515 shares of the company’s stock valued at $11,250,000 after acquiring an additional 229,964 shares in the last quarter. Schonfeld Strategic Advisors LLC purchased a new stake in shares of Revolve Group in the third quarter valued at about $2,945,000. Qube Research & Technologies Ltd boosted its holdings in shares of Revolve Group by 38.3% in the third quarter. Qube Research & Technologies Ltd now owns 534,242 shares of the company’s stock valued at $7,271,000 after acquiring an additional 148,050 shares in the last quarter. Finally, Jump Financial LLC acquired a new stake in shares of Revolve Group in the fourth quarter valued at about $2,209,000. 67.60% of the stock is owned by hedge funds and other institutional investors.

Revolve Group Stock Performance

Revolve Group stock traded up $0.06 during trading on Wednesday, reaching $15.62. The company had a trading volume of 111,115 shares, compared to its average volume of 1,039,724. Revolve Group, Inc. has a 12-month low of $12.25 and a 12-month high of $23.19. The stock’s 50 day moving average price is $18.80 and its two-hundred day moving average price is $18.23. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of 45.76, a PEG ratio of 2.17 and a beta of 2.09.

Revolve Group (NYSE:RVLV) last released its earnings results on Tuesday, May 7th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.07. Revolve Group had a net margin of 2.34% and a return on equity of 6.30%. The firm had revenue of $270.60 million during the quarter, compared to the consensus estimate of $271.80 million. During the same period in the previous year, the firm earned $0.19 earnings per share. Revolve Group’s revenue was down 3.2% compared to the same quarter last year. As a group, research analysts expect that Revolve Group, Inc. will post 0.47 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts recently commented on RVLV shares. Barclays raised their price objective on shares of Revolve Group from $13.00 to $15.00 and gave the company an “underweight” rating in a research note on Wednesday, May 8th. Evercore ISI raised their price objective on shares of Revolve Group from $17.00 to $20.00 and gave the company an “in-line” rating in a research note on Monday, May 6th. BMO Capital Markets raised their price objective on shares of Revolve Group from $13.00 to $15.00 and gave the company a “market perform” rating in a research note on Wednesday, May 8th. Robert W. Baird raised their price objective on shares of Revolve Group from $19.00 to $23.00 and gave the company a “neutral” rating in a research note on Wednesday, May 8th. Finally, TD Cowen upgraded shares of Revolve Group from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $23.00 to $25.00 in a research note on Thursday, March 21st. Two analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $20.50.

Revolve Group 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.