Revolve Group Q2 earnings of $0.21 per share exceed expectations despite varying institutional investment changes.
Revolve Group, an online fashion retailer, has experienced mixed changes in institutional investment, with some firms reducing stakes while others, including BNP Paribas and Comerica Bank, increased theirs. The company reported Q2 earnings of $0.21 per share, exceeding estimates, alongside revenue of $282.5 million. Analysts have varied outlooks, with a consensus rating of "Hold" and an average target price of $21.44. Revolve's market cap is $1.75 billion, with 67.6% of shares held by institutions.
September 15, 2024
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