Fintel reports that on May 22, 2023, TD Cowen downgraded their outlook for Revolve Group Inc - (NYSE:RVLV) from Outperform to Market Perform .
Analyst Price Forecast Suggests 43.83% Upside
As of May 11, 2023, the average one-year price target for Revolve Group Inc - is 24.03. The forecasts range from a low of 17.17 to a high of $34.65. The average price target represents an increase of 43.83% from its latest reported closing price of 16.71.
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The projected annual revenue for Revolve Group Inc - is 1,182MM, an increase of 7.70%. The projected annual non-GAAP EPS is 0.89.
What is the Fund Sentiment?
There are 433 funds or institutions reporting positions in Revolve Group Inc -. This is a decrease of 16 owner(s) or 3.56% in the last quarter. Average portfolio weight of all funds dedicated to RVLV is 0.19%, a decrease of 3.87%. Total shares owned by institutions decreased in the last three months by 3.18% to 61,910K shares. 
The put/call ratio of RVLV is 3.87, indicating a bearish outlook.
What are Other Shareholders Doing?
Kayne Anderson Rudnick Investment Management holds 6,533K shares representing 8.90% ownership of the company. In it's prior filing, the firm reported owning 6,530K shares, representing an increase of 0.05%. The firm decreased its portfolio allocation in RVLV by 22.58% over the last quarter.
William Blair Investment Management holds 5,616K shares representing 7.65% ownership of the company. In it's prior filing, the firm reported owning 4,770K shares, representing an increase of 15.06%. The firm increased its portfolio allocation in RVLV by 26.70% over the last quarter.
PSGAX - Virtus KAR Small-Cap Growth Fund holds 4,711K shares representing 6.42% ownership of the company. No change in the last quarter.
Fisher Asset Management holds 2,525K shares representing 3.44% ownership of the company. In it's prior filing, the firm reported owning 2,638K shares, representing a decrease of 4.44%. The firm increased its portfolio allocation in RVLV by 1.34% over the last quarter.
FDGRX - Fidelity Growth Company Fund holds 1,868K shares representing 2.55% ownership of the company. In it's prior filing, the firm reported owning 1,894K shares, representing a decrease of 1.36%. The firm increased its portfolio allocation in RVLV by 3.83% 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.
Key filings for this company:
This story originally appeared on Fintel.
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