Revolve Group (RVLV)

• Market cap: $2.12B
• 1 day: 1.42%
• 5 days: 3.06%
• 1 month: -17.78%
• 3 months: 13.93%
• 6 months: 63.15%
• Year to date: -10.55%
• 1 year: 102.84%
• 5 years: 43.77%
• 10 years: -11.71%
• Sector: Consumer Discretionary
• Industry: Catalog & Mail-Order Houses

About: The Revolve Group is an emerging e-commerce retailer, selling women's dresses, handbags, shoes, beauty products, and incidentals across its marketplace properties, Revolve and FWRD. The platform is built to suit the "next-generation customer," emphasizing mobile commerce, influencer marketing, and occupying an aspirational but attainable luxury niche. With $1.1 billion in 2023 net sales, the firm sits just outside the top 30 apparel retailers (by sales) in the US, but has consistently generated robust top-line growth as the industry continues to favor digital channels. Revolve generates approximately 20% of sales from private-label offerings, while focusing on building an inventory of unique products from emerging fashion brands with less than $10 million in annual sales.

Employees: 1,478

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

49% more capital invested

Capital invested by funds: $795M [Q2] → $1.18B (+$386M) [Q3]

8% more first-time investments, than exits

New positions opened: 27 | Existing positions closed: 25

1% less funds holding

Funds holding: 194 [Q2] → 192 (-2) [Q3]

5.43% less ownership

Funds ownership: 130.66% [Q2] → 125.23% (-5.43%) [Q3]

45% less repeat investments, than reductions

Existing positions increased: 48 | Existing positions reduced: 87

58% less call options, than puts

Call options by funds: $6.88M | Put options by funds: $16.4M

Research analyst outlook

10 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $25 17% downside
• Avg. target: $33 9% upside
• High target: $41 37% upside

10 analyst ratings

• positive: 5 50%
• neutral: 5 50%
• negative: 0 0%

Stifel Jim Duffy 67% 1-year accuracy 22 / 33 met price target	37% upside $41	Buy Maintained	11 Dec 2024
UBS Jay Sole 67% 1-year accuracy 32 / 48 met price target	0% downside $30	Neutral Maintained	6 Nov 2024
BTIG Janine Stichter 69% 1-year accuracy 11 / 16 met price target	17% upside $35	Buy Maintained	6 Nov 2024
Roth MKM Matt Koranda 50% 1-year accuracy 14 / 28 met price target	17% upside $35	Buy Reiterated	6 Nov 2024
TD Cowen Oliver Chen 42% 1-year accuracy 13 / 31 met price target	13% upside $34	Buy Maintained	6 Nov 2024