Fintel reports that on January 10, 2024, Goldman Sachs initiated coverage of Revolve Group (NYSE:RVLV) with a Sell recommendation.
Analyst Price Forecast Suggests 2.63% Upside
As of December 16, 2023, the average one-year price target for Revolve Group is 15.54. The forecasts range from a low of 10.60 to a high of $21.00. The average price target represents an increase of 2.63% from its latest reported closing price of 15.14.
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The projected annual revenue for Revolve Group is 1,402MM, an increase of 31.02%. The projected annual non-GAAP EPS is 1.25.
What is the Fund Sentiment?
There are 413 funds or institutions reporting positions in Revolve Group. This is an increase of 8 owner(s) or 1.98% in the last quarter. Average portfolio weight of all funds dedicated to RVLV is 0.11%, a decrease of 11.28%. Total shares owned by institutions decreased in the last three months by 6.40% to 59,125K 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 7,466K shares representing 10.35% ownership of the company. In it's prior filing, the firm reported owning 7,076K shares, representing an increase of 5.23%. The firm decreased its portfolio allocation in RVLV by 38.42% over the last quarter.
William Blair Investment Management holds 5,488K shares representing 7.61% ownership of the company. In it's prior filing, the firm reported owning 5,572K shares, representing a decrease of 1.52%. The firm decreased its portfolio allocation in RVLV by 15.29% over the last quarter.
PSGAX - Virtus KAR Small-Cap Growth Fund holds 4,711K shares representing 6.53% ownership of the company. No change in the last quarter.
FDGRX - Fidelity Growth Company Fund holds 1,871K shares representing 2.59% ownership of the company. In it's prior filing, the firm reported owning 1,845K shares, representing an increase of 1.36%. The firm decreased its portfolio allocation in RVLV by 9.66% over the last quarter.
Turtle Creek Asset Management holds 1,723K shares representing 2.39% ownership of the company. In it's prior filing, the firm reported owning 395K shares, representing an increase of 77.06%. The firm increased its portfolio allocation in RVLV by 260.36% 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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