Alliance Wealth Advisors LLC UT lowered its stake in shares of Revolve Group, Inc. (NYSE:RVLV – Free Report) by 2.9% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 10,511 shares of the company’s stock after selling 319 shares during the period. Alliance Wealth Advisors LLC UT’s holdings in Revolve Group were worth $352,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in RVLV. Janney Montgomery Scott LLC bought a new position in Revolve Group during the fourth quarter valued at approximately $275,000. Dakota Wealth Management bought a new stake in shares of Revolve Group in the fourth quarter worth $211,000. Sugar Maple Asset Management LLC purchased a new stake in Revolve Group during the fourth quarter valued at $50,000. JPMorgan Chase & Co. lifted its holdings in Revolve Group by 83.4% in the third quarter. JPMorgan Chase & Co. now owns 349,670 shares of the company’s stock valued at $8,665,000 after acquiring an additional 158,960 shares during the period. Finally, Franklin Resources Inc. boosted its position in Revolve Group by 6.9% in the third quarter. Franklin Resources Inc. now owns 27,195 shares of the company’s stock worth $699,000 after purchasing an additional 1,753 shares during the last quarter. Hedge funds and other institutional investors own 67.60% of the company’s stock.
Insider Transactions at Revolve Group
In other news, CEO Michael Mente sold 44,962 shares of the company’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $30.93, for a total transaction of $1,390,674.66. Following the sale, the chief executive officer now directly owns 73,000 shares in the company, valued at approximately $2,257,890. This represents a 38.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 700,184 shares of company stock valued at $23,292,646 in the last ninety days. Corporate insiders own 46.56% of the company’s stock.
Revolve Group Stock Performance
Revolve Group (NYSE:RVLV – Get Free Report) last posted its earnings results on Tuesday, November 5th. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.05. Revolve Group had a return on equity of 10.17% and a net margin of 3.72%. The company had revenue of $283.15 million for the quarter, compared to the consensus estimate of $271.08 million. During the same period in the previous year, the business earned $0.04 earnings per share. The firm’s revenue for the quarter was up 9.9% on a year-over-year basis. As a group, analysts forecast that Revolve Group, Inc. will post 0.6 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several equities research analysts have recently commented on the stock. Morgan Stanley reaffirmed an “equal weight” rating and set a $26.00 price target (up previously from $17.00) on shares of Revolve Group in a research report on Monday, October 21st. Roth Mkm reaffirmed a “buy” rating and set a $35.00 target price (up from $29.00) on shares of Revolve Group in a report on Wednesday, November 6th. Robert W. Baird lifted their price target on shares of Revolve Group from $24.00 to $33.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. Evercore ISI upped their price objective on Revolve Group from $21.00 to $33.00 and gave the stock an “in-line” rating in a research note on Wednesday, November 6th. Finally, Barclays raised Revolve Group from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $17.00 to $25.00 in a report on Wednesday, November 6th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Revolve Group has an average rating of “Moderate Buy” and an average target price of $29.60.
Read Our Latest Report on Revolve Group
Revolve Group Company Profile
Revolve Group, Inc operates as an online fashion retailer for millennial and generation z consumers in the United States and internationally. The company operates in two segments, REVOLVE and FWRD. It operates a platform that connects consumers and global fashion influencers, as well as emerging, established, and owned brands.
Featured Articles
- Five stocks we like better than Revolve Group
- Want to Profit on the Downtrend? Downtrends, Explained.
- Rocket Lab’s Growth Strategy: Small Rockets, Massive Potential
- What Makes a Stock a Good Dividend Stock?
- Goldman Sachs vs. Morgan Stanley—Which Stock Has More Upside?
- How to Calculate Return on Investment (ROI)
- 3 Reasons Bulls Will Win on Super Micro Computer Stock
Want to see what other hedge funds are holding RVLV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Revolve Group, Inc. (NYSE:RVLV – Free Report).
Receive News & Ratings for Revolve Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Revolve Group and related companies with MarketBeat.com's FREE daily email newsletter.