Farther Finance Advisors LLC Has $28,000 Stock Position in Revolve Group, Inc. (NYSE:RVLV)

Farther Finance Advisors LLC grew its holdings in shares of Revolve Group, Inc. (NYSE:RVLV) by 249.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,126 shares of the company’s stock after acquiring an additional 804 shares during the quarter. Farther Finance Advisors LLC’s holdings in Revolve Group were worth $28,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Westfield Capital Management Co. LP acquired a new position in Revolve Group in the 1st quarter valued at approximately $33,735,000. Marshall Wace LLP grew its position in shares of Revolve Group by 141.2% during the 2nd quarter. Marshall Wace LLP now owns 478,623 shares of the company’s stock worth $7,615,000 after buying an additional 280,151 shares during the period. Comerica Bank increased its stake in shares of Revolve Group by 12,630.9% in the 1st quarter. Comerica Bank now owns 179,888 shares of the company’s stock valued at $3,808,000 after acquiring an additional 178,475 shares in the last quarter. Millennium Management LLC lifted its position in shares of Revolve Group by 68.1% during the 2nd quarter. Millennium Management LLC now owns 342,084 shares of the company’s stock valued at $5,443,000 after acquiring an additional 138,600 shares during the period. Finally, Silvercrest Asset Management Group LLC raised its stake in Revolve Group by 55.7% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 376,620 shares of the company’s stock worth $7,973,000 after buying an additional 134,775 shares during the period. Institutional investors own 67.60% of the company’s stock.

Wall Street Analyst Weigh In

RVLV has been the subject of a number of analyst reports. Wedbush reiterated a “neutral” rating and set a $19.00 price objective on shares of Revolve Group in a report on Wednesday, August 7th. Piper Sandler raised their price objective on shares of Revolve Group from $30.00 to $35.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. TD Cowen boosted their target price on shares of Revolve Group from $28.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. UBS Group lifted their price objective on Revolve Group from $25.00 to $30.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Finally, BTIG Research raised their target price on Revolve Group from $30.00 to $35.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $26.19.

Revolve Group Stock Down 1.9 %

Shares of RVLV opened at $32.89 on Friday. The stock has a market capitalization of $2.32 billion, a P/E ratio of 58.73, a PEG ratio of 2.10 and a beta of 2.05. Revolve Group, Inc. has a twelve month low of $13.24 and a twelve month high of $35.20. The firm has a fifty day simple moving average of $26.20 and a two-hundred day simple moving average of $21.74.

Revolve Group (NYSE:RVLV) last announced its quarterly 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 during the quarter, compared to analyst estimates of $271.08 million. During the same quarter last year, the firm posted $0.04 earnings per share. The firm’s revenue was up 9.9% on a year-over-year basis. Sell-side analysts expect that Revolve Group, Inc. will post 0.6 EPS for the current fiscal year.

Insider Transactions at Revolve Group

In other Revolve Group news, major shareholder Mmmk Development, Inc. sold 6,493 shares of the stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $25.92, for a total transaction of $168,298.56. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Jesse Timmermans sold 91,625 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $30.72, for a total value of $2,814,720.00. Following the transaction, the chief financial officer now directly owns 3,054 shares in the company, valued at approximately $93,818.88. The trade was a 96.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 436,571 shares of company stock valued at $12,890,034. Corporate insiders own 46.56% of the company’s stock.

About Revolve Group

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.