Kayne Anderson Rudnick Investment Management LLC Cuts Holdings in Revolve Group, Inc. (NYSE:RVLV)

Kayne Anderson Rudnick Investment Management LLC lowered its position in Revolve Group, Inc. (NYSE:RVLV) by 10.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,777,641 shares of the company’s stock after selling 681,742 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC owned 8.16% of Revolve Group worth $91,922,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. acquired a new position in shares of Revolve Group in the 1st quarter valued at about $45,000. Assetmark Inc. lifted its position in Revolve Group by 8.3% during the fourth quarter. Assetmark Inc. now owns 8,252 shares of the company’s stock valued at $137,000 after buying an additional 631 shares in the last quarter. American Century Companies Inc. purchased a new stake in Revolve Group during the second quarter worth approximately $165,000. Pier 88 Investment Partners LLC acquired a new stake in shares of Revolve Group in the second quarter worth $182,000. Finally, SYSTM Wealth Solutions LLC purchased a new position in shares of Revolve Group in the 1st quarter valued at $216,000. Hedge funds and other institutional investors own 67.60% of the company’s stock.

Revolve Group Price Performance

RVLV opened at $25.48 on Friday. Revolve Group, Inc. has a 12-month low of $12.25 and a 12-month high of $25.96. The stock has a market capitalization of $1.80 billion, a PE ratio of 74.94, a P/E/G ratio of 2.28 and a beta of 2.04. The firm’s fifty day moving average price is $21.48 and its 200 day moving average price is $19.89.

Revolve Group (NYSE:RVLV) last issued its earnings results on Tuesday, August 6th. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.08. The business had revenue of $282.50 million for the quarter, compared to analyst estimates of $277.06 million. Revolve Group had a net margin of 3.08% and a return on equity of 8.35%. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.10 EPS. On average, equities research analysts forecast that Revolve Group, Inc. will post 0.56 earnings per share for the current fiscal year.

Insider Buying and Selling at Revolve Group

In other news, major shareholder Mmmk Development, Inc. sold 6,493 shares of Revolve Group stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $25.92, for a total value of $168,298.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 46.56% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on RVLV shares. Wedbush reaffirmed a “neutral” rating and set a $19.00 price target on shares of Revolve Group in a research report on Wednesday, August 7th. Barclays decreased their target price on Revolve Group from $15.00 to $14.00 and set an “underweight” rating for the company in a research report on Thursday, July 18th. BTIG Research raised their target price on Revolve Group from $24.00 to $26.00 and gave the company a “buy” rating in a report on Friday, August 16th. Evercore ISI boosted their price target on Revolve Group from $20.00 to $21.00 and gave the stock an “in-line” rating in a research report on Wednesday, August 7th. Finally, Robert W. Baird increased their price objective on shares of Revolve Group from $23.00 to $24.00 and gave the company a “neutral” rating in a research report on Wednesday, August 14th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $21.44.

Revolve Group 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.