Federated Hermes Inc. Buys 5,251 Shares of Revolve Group, Inc. (NYSE:RVLV)

Federated Hermes Inc. grew its stake in Revolve Group, Inc. (NYSE:RVLV) by 7.1% during the 2nd quarter, HoldingsChannel reports. The fund owned 78,934 shares of the company’s stock after purchasing an additional 5,251 shares during the quarter. Federated Hermes Inc.’s holdings in Revolve Group were worth $1,256,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Assetmark Inc. boosted its stake in Revolve Group by 8.3% in the 4th quarter. Assetmark Inc. now owns 8,252 shares of the company’s stock worth $137,000 after purchasing an additional 631 shares in the last quarter. Madison Asset Management LLC grew its holdings in shares of Revolve Group by 40.4% during the fourth quarter. Madison Asset Management LLC now owns 197,982 shares of the company’s stock valued at $3,283,000 after buying an additional 56,976 shares during the last quarter. Stephens Investment Management Group LLC grew its holdings in shares of Revolve Group by 51.3% during the fourth quarter. Stephens Investment Management Group LLC now owns 678,515 shares of the company’s stock valued at $11,250,000 after buying an additional 229,964 shares during the last quarter. Logan Capital Management Inc. raised its holdings in Revolve Group by 2.3% in the 4th quarter. Logan Capital Management Inc. now owns 81,417 shares of the company’s stock worth $1,350,000 after acquiring an additional 1,807 shares during the last quarter. Finally, Orchard Capital Management LLC lifted its position in Revolve Group by 5.5% in the 4th quarter. Orchard Capital Management LLC now owns 434,189 shares of the company’s stock valued at $7,199,000 after acquiring an additional 22,543 shares in the last quarter. 67.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on RVLV. Barclays decreased their price target on Revolve Group from $15.00 to $14.00 and set an “underweight” rating for the company in a research note on Thursday, July 18th. TD Cowen upped their target price on shares of Revolve Group from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Monday, August 26th. BTIG Research lifted their price target on shares of Revolve Group from $24.00 to $26.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Wedbush restated a “neutral” rating and set a $19.00 price objective on shares of Revolve Group in a research report on Wednesday, August 7th. Finally, Evercore ISI lifted their target price on shares of Revolve Group from $20.00 to $21.00 and gave the stock an “in-line” rating in a research report on Wednesday, August 7th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $21.44.

Insider Activity

In related news, major shareholder Mmmk Development, Inc. sold 6,493 shares of the stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $25.92, for a total transaction of $168,298.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 46.56% of the company’s stock.

Revolve Group Trading Down 1.2 %

Shares of NYSE:RVLV opened at $25.48 on Friday. Revolve Group, Inc. has a 12-month low of $12.25 and a 12-month high of $25.96. The company has a market cap of $1.80 billion, a PE ratio of 74.94, a price-to-earnings-growth ratio of 2.28 and a beta of 2.04. The stock has a 50 day moving average of $21.48 and a 200 day moving average of $19.90.

Revolve Group (NYSE:RVLV) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.13 by $0.08. The firm had revenue of $282.50 million for the quarter, compared to the consensus estimate of $277.06 million. Revolve Group had a net margin of 3.08% and a return on equity of 8.35%. The company’s revenue was up 3.2% on a year-over-year basis. During the same period last year, the firm earned $0.10 EPS. Equities research analysts predict that Revolve Group, Inc. will post 0.56 earnings per share for the current fiscal 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.