Azzad Asset Management Inc. ADV Cuts Holdings in Revolve Group, Inc. (NYSE:RVLV)

Azzad Asset Management Inc. ADV reduced its position in Revolve Group, Inc. (NYSE:RVLV) by 2.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 70,172 shares of the company’s stock after selling 2,095 shares during the quarter. Azzad Asset Management Inc. ADV owned about 0.10% of Revolve Group worth $1,116,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Assetmark Inc. raised its position in Revolve Group by 8.3% in the fourth quarter. Assetmark Inc. now owns 8,252 shares of the company’s stock valued at $137,000 after purchasing an additional 631 shares during the period. US Bancorp DE raised its position in Revolve Group by 1.8% in the first quarter. US Bancorp DE now owns 39,255 shares of the company’s stock valued at $831,000 after purchasing an additional 677 shares during the period. Essex Investment Management Co. LLC raised its position in Revolve Group by 0.7% in the first quarter. Essex Investment Management Co. LLC now owns 115,035 shares of the company’s stock valued at $2,435,000 after purchasing an additional 767 shares during the period. Price T Rowe Associates Inc. MD raised its position in Revolve Group by 4.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 26,498 shares of the company’s stock valued at $561,000 after purchasing an additional 1,227 shares during the period. Finally, Logan Capital Management Inc. raised its position in Revolve Group by 2.3% in the fourth quarter. Logan Capital Management Inc. now owns 81,417 shares of the company’s stock valued at $1,350,000 after purchasing an additional 1,807 shares during the period. 67.60% of the stock is owned by hedge funds and other institutional investors.

Revolve Group Stock Performance

NYSE:RVLV opened at $22.92 on Friday. The company has a market capitalization of $1.62 billion, a price-to-earnings ratio of 67.41, a price-to-earnings-growth ratio of 2.33 and a beta of 2.09. Revolve Group, Inc. has a one year low of $12.25 and a one year high of $24.64. The stock has a 50-day simple moving average of $19.20 and a 200 day simple moving average of $19.37.

Revolve Group (NYSE:RVLV) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.08. The business had revenue of $282.50 million during the quarter, compared to the consensus estimate of $277.06 million. Revolve Group had a return on equity of 8.35% and a net margin of 3.08%. The company’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period last year, the firm earned $0.10 earnings per share. On average, equities research analysts forecast that Revolve Group, Inc. will post 0.55 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

RVLV has been the topic of several research reports. TD Cowen raised their price objective on Revolve Group from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Monday, August 26th. Evercore ISI raised their target price on Revolve Group from $20.00 to $21.00 and gave the company an “in-line” rating in a research note on Wednesday, August 7th. BMO Capital Markets raised their target price on 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 target price on Revolve Group from $23.00 to $24.00 and gave the company a “neutral” rating in a research note on Wednesday, August 14th. Finally, BTIG Research raised their target price on Revolve Group from $24.00 to $26.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, Revolve Group has an average rating of “Hold” and a consensus target price of $21.44.

About Revolve Group

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.