Polen Capital: “Revolve (RVLV) had Another Favorable Quarter”

Polen Capital, an investment management firm, published its “Polen US SMID Company Growth Fund” first quarter 2022 investor letter – a copy of which can be downloaded here. Over the first quarter, the Polen U.S. SMID Company Growth Composite Portfolio (the “Portfolio”) returned -23.81% gross and -24.02% net of fees, respectively, underperforming the Russell 2500 Growth Index’s -12.30% return.  Try to spend some time looking at the fund’s top 5 holdings to be informed about their best picks for 2022. 

In its Q1 2022 investor letter, Polen US SMID Company Growth Fund mentioned Revolve Group, Inc. (NYSE:RVLV) and explained its insights for the company. Founded in 2003, Revolve Group, Inc. (NYSE:RVLV) is a Cerritos, California-based online fashion retailer with a $2.2 billion market capitalization. Revolve Group, Inc. (NYSE:RVLV) delivered a -46.42% return since the beginning of the year, while its 12-month returns are down by -46.86%. The stock closed at $31.03 per share on June 02, 2022.

Here is what Polen US SMID Company Growth Fund has to say about Revolve Group, Inc. (NYSE:RVLV) in its Q1 2022 investor letter:

“Online fashion retailer Revolve had another favorable quarter, and our investment in this company has continued to compound at a high level. We were impressed with the company’s recent results, especially the combination of customer growth, the growing number of orders per customer, and improving average order values. We believe the company still has considerable room for growth as it benefits from the bourgeoning trend of fashion going online, while its investments in adjacent categories, like beauty, are increasing the market opportunity its addressing.”

Our calculations show that Revolve Group, Inc. (NYSE:RVLV) fell short and didn’t make it on our list of the 30 Most Popular Stocks Among Hedge Funds. Revolve Group, Inc. (NYSE:RVLV) was in 23  hedge fund portfolios at the end of the first quarter of 2022, compared to 29 funds in the previous quarter. Revolve Group, Inc. (NYSE:RVLV) delivered a -31.75% return in the past 3 months.

In September 2021, we also shared another hedge fund’s views on Revolve Group, Inc. (NYSE:RVLV) in another article. You can find other investor letters from hedge funds and prominent investors on our hedge fund investor letters 2022 Q1 page.

Disclosure: None. This article is originally published at Insider Monkey.