Oppenheimer Asset Management Inc. Has $288,000 Stock Holdings in Revolve Group, Inc. (NYSE:RVLV)

Oppenheimer Asset Management Inc. lowered its position in shares of Revolve Group, Inc. (NYSE:RVLV) by 7.6% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,072 shares of the company’s stock after selling 1,490 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Revolve Group were worth $288,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. acquired a new stake in shares of Revolve Group during the first quarter worth approximately $45,000. Assetmark Inc. increased its holdings in Revolve Group by 8.3% during the 4th quarter. Assetmark Inc. now owns 8,252 shares of the company’s stock valued at $137,000 after purchasing an additional 631 shares in the last quarter. American Century Companies Inc. acquired a new stake in Revolve Group during the 2nd quarter valued at $165,000. Pier 88 Investment Partners LLC bought a new position in Revolve Group in the 2nd quarter valued at $182,000. Finally, SYSTM Wealth Solutions LLC acquired a new position in Revolve Group in the first quarter worth $216,000. 67.60% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, major shareholder Mmmk Development, Inc. sold 6,493 shares of the company’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $25.92, for a total value of $168,298.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 46.56% of the company’s stock.

Revolve Group Trading Down 1.2 %

NYSE:RVLV opened at $25.48 on Friday. Revolve Group, Inc. has a 1-year low of $12.25 and a 1-year high of $25.96. The firm has a market capitalization of $1.80 billion, a price-to-earnings ratio of 74.94, a PEG ratio of 2.28 and a beta of 2.04. The business’s 50-day moving average price is $21.48 and its two-hundred day moving average price is $19.90.

Revolve Group (NYSE:RVLV) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.21 earnings per share 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 the consensus estimate of $277.06 million. Revolve Group had a net margin of 3.08% and a return on equity of 8.35%. Revolve Group’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period last year, the company posted $0.10 EPS. Sell-side analysts predict that Revolve Group, Inc. will post 0.56 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on RVLV shares. Piper Sandler restated an “overweight” rating and issued a $30.00 target price on shares of Revolve Group in a research note on Friday, August 23rd. Wedbush restated a “neutral” rating and issued a $19.00 price objective on shares of Revolve Group in a research report on Wednesday, August 7th. Robert W. Baird upped their target price on shares of Revolve Group from $23.00 to $24.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 14th. BTIG Research increased their price target on shares of Revolve Group from $24.00 to $26.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Finally, TD Cowen boosted their price objective on shares of Revolve Group from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Monday, August 26th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Revolve Group presently 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.