Fintel reports that on September 18, 2023, Stifel reiterated coverage of Revolve Group Inc – (NYSE:RVLV) with a Buy recommendation.
Analyst Price Forecast Suggests 63.22% Upside
As of August 31, 2023, the average one-year price target for Revolve Group Inc – is $20.66. The forecasts range from a low of $14.14 to a high of $34.65. The average price target represents an increase of 63.22% from its latest reported closing price of $12.66.
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The projected annual revenue for Revolve Group Inc – is $1,182MM, an increase of 9.32%. The projected annual non-GAAP EPS is $0.89.
What is the Fund Sentiment?
There are 400 funds or institutions reporting positions in Revolve Group Inc -. This is a decrease of 23 owner(s) or 5.44% in the last quarter. Average portfolio weight of all funds dedicated to RVLV is 0.12%, a decrease of 36.73%. Total shares owned by institutions increased in the last three months by 1.82% to 62,990K shares. The put/call ratio of RVLV is 0.91, indicating a bullish outlook.
What are Other Shareholders Doing?
Kayne Anderson Rudnick Investment Management holds 7,076K shares representing 9.63% ownership of the company. In its prior filing, the firm reported owning 6,533K shares, representing an increase of 7.67%. The firm decreased its portfolio allocation in RVLV by 7.12% over the last quarter.
William Blair Investment Management holds 5,572K shares representing 7.58% ownership of the company. In its prior filing, the firm reported owning 5,616K shares, representing a decrease of 0.80%. The firm decreased its portfolio allocation in RVLV by 43.07% over the last quarter.
PSGAX – Virtus KAR Small-Cap Growth Fund holds 4,711K shares representing 6.41% ownership of the company. No change in the last quarter.
Fisher Asset Management holds 2,510K shares representing 3.42% ownership of the company. In its prior filing, the firm reported owning 2,525K shares, representing a decrease of 0.62%. The firm decreased its portfolio allocation in RVLV by 43.46% over the last quarter.
FDGRX – Fidelity Growth Company Fund holds 1,845K shares representing 2.51% ownership of the company. In its prior filing, the firm reported owning 1,868K shares, representing a decrease of 1.24%. The firm decreased its portfolio allocation in RVLV by 50.63% over the last quarter.
Revolve Group Background Information
(This description is provided by the company.)
Revolve Group, Inc. (RVLV) is the next-generation fashion retailer for Millennial and Generation Z consumers. As a trusted, premium lifestyle brand, and a go-to online source for discovery and inspiration, we deliver an engaging customer experience from a vast yet curated offering of apparel, footwear, accessories and beauty styles. Our dynamic platform connects a deeply engaged community of millions of consumers, thousands of global fashion influencers, and hundreds of emerging, established and owned brands. We were founded in 2003 by our co-CEOs, Michael Mente and Mike Karanikolas. We sell merchandise through two differentiated segments, REVOLVE and FORWARD, that leverage one platform. Through REVOLVE we offer a highly curated assortment of premium apparel and footwear, accessories and beauty products from emerging, established and owned brands. Through FORWARD we offer an assortment of iconic and emerging luxury brands.
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