5 Best Fast Growth Stocks to Buy Now

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In this article, we discuss the 5 best fast growth stocks to buy now. If you want to read our detailed analysis of these stocks, go directly to the 10 Best Fast Growth Stocks to Buy Now.

5. Revolve Group, Inc. (NYSE:RVLV)

Number of Hedge Fund Holders: 25 

Revolve Group, Inc. (NYSE:RVLV) is an online fashion retailer. The company has developed a rabid fanbase within the young adult section of the society over the past few months and looks set to occupy that place for the foreseeable future as Redditors start noticing the stock as well. 

Revolve Group, Inc. (NYSE: RVLV) posted earnings for the third quarter on November 3, reporting earnings per share of $0.22, beating estimates by $0.07. The revenue over the period was $244 million, beating predictions by $29 million. 

At the end of the third quarter of 2021, 25 hedge funds in the database of Insider Monkey held stakes worth $229 million in Revolve Group, Inc. (NYSE: RVLV), up from 22 in the preceding quarter worth $211 million. 

In its Q1 2021 investor letter, Polen Capital, an asset management firm, highlighted a few stocks and Revolve Group, Inc. (NYSE:RVLV) was one of them. Here is what the fund said:

“Revolve is a leading, next-generation online retailer of apparel, accessories, and beauty for fashion-forward people. During the pandemic, Revolve pivoted its offerings and strategy to adapt to the new normal. The company expanded into adjacent categories like beauty, activewear, and intimates, enabling it to serve its customers’ more immediate needs, increase wallet share, and touch more aspects of their lives. This strategy shift was a success. The company delivered record profitability and free cash flow during Q4 2020.

The leadership team intends to use this strong position to prioritize several key strategic investments as the world recovers from COVID-19, including strengthening their Owned Brands portfolio, expanding marketing, and accelerating brand building around the globe. The company reported a record high Net Promoter Score (NPS) for 2020. In geographies where COVID-19 is considered generally under control, the company has seen a return of customer demand for their traditional product categories as well.”

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