ProShare Advisors LLC Purchases 56,486 Shares of Revolve Group, Inc. $RVLV

ProShare Advisors LLC grew its position in shares of Revolve Group, Inc. (NYSE:RVLV) by 47.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 176,665 shares of the company’s stock after acquiring an additional 56,486 shares during the quarter. ProShare Advisors LLC owned about 0.25% of Revolve Group worth $3,542,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of RVLV. CWM LLC lifted its position in shares of Revolve Group by 40.4% during the 1st quarter. CWM LLC now owns 2,905 shares of the company’s stock worth $62,000 after buying an additional 836 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased 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 valued at $489,000 after acquiring an additional 964 shares during the last quarter. Summit Securities Group LLC purchased a new stake in shares of Revolve Group during the first quarter valued at approximately $25,000. Logan Capital Management Inc. lifted its holdings in Revolve Group by 35.5% during the second quarter. Logan Capital Management Inc. now owns 5,579 shares of the company’s stock worth $112,000 after acquiring an additional 1,463 shares during the period. Finally, Precision Wealth Strategies LLC boosted its position in Revolve Group by 12.0% in the second quarter. Precision Wealth Strategies LLC now owns 15,322 shares of the company’s stock worth $307,000 after purchasing an additional 1,644 shares during the last quarter. 67.60% of the stock is owned by institutional investors and hedge funds.

Revolve Group Stock Down 1.8%

NYSE RVLV opened at $20.91 on Friday. The firm has a market cap of $1.49 billion, a P/E ratio of 27.51, a price-to-earnings-growth ratio of 2.37 and a beta of 1.93. The company’s 50 day moving average is $22.20 and its 200-day moving average is $21.33. Revolve Group, Inc. has a 12-month low of $16.80 and a 12-month high of $39.58.

Revolve Group (NYSE:RVLV) last released its quarterly earnings data on Tuesday, November 4th. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.11 by $0.13. Revolve Group had a net margin of 4.64% and a return on equity of 11.26%. The company had revenue of $295.63 million during the quarter, compared to the consensus estimate of $297.36 million. During the same period last year, the firm earned $0.15 EPS. Revolve Group’s revenue for the quarter was up 4.4% on a year-over-year basis. Equities analysts expect that Revolve Group, Inc. will post 0.6 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on RVLV shares. Zacks Research lowered Revolve Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Piper Sandler increased their price target on shares of Revolve Group from $22.00 to $25.00 and gave the company an “overweight” rating in a research report on Wednesday, August 6th. UBS Group raised their price objective on shares of Revolve Group from $22.00 to $23.00 and gave the stock a “neutral” rating in a report on Tuesday, October 21st. Wall Street Zen upgraded shares of Revolve Group from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Evercore ISI restated a “mixed” rating on shares of Revolve Group in a research note on Wednesday, November 5th. Eight equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, Revolve Group currently has an average rating of “Moderate Buy” and an average price target of $25.92.

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.