Revolve Group, Inc. (NYSE:RVLV) Shares Sold by Atria Investments Inc

Atria Investments Inc lowered its stake in shares of Revolve Group, Inc. (NYSE:RVLV) by 32.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,276 shares of the company’s stock after selling 7,887 shares during the quarter. Atria Investments Inc’s holdings in Revolve Group were worth $403,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Marshall Wace LLP raised its stake in Revolve Group by 141.2% during the 2nd quarter. Marshall Wace LLP now owns 478,623 shares of the company’s stock valued at $7,615,000 after acquiring an additional 280,151 shares during the last quarter. Comerica Bank grew its stake in 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 during the last quarter. Millennium Management LLC increased its stake 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 worth $5,443,000 after purchasing an additional 138,600 shares in the last quarter. Silvercrest Asset Management Group LLC lifted its position in shares of Revolve Group by 55.7% in the first quarter. Silvercrest Asset Management Group LLC now owns 376,620 shares of the company’s stock valued at $7,973,000 after acquiring an additional 134,775 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Revolve Group by 22.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 683,101 shares of the company’s stock worth $10,867,000 after purchasing an additional 123,745 shares during the last quarter. 67.60% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Michael Mente sold 36,114 shares of Revolve Group stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $25.95, for a total transaction of $937,158.30. Following the completion of the sale, the chief executive officer now owns 73,000 shares of the company’s stock, valued at approximately $1,894,350. The trade was a 33.10 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Mmmk Development, Inc. sold 6,493 shares of the company’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $25.92, for a total transaction of $168,298.56. The disclosure for this sale can be found here. Over the last three months, insiders have sold 436,571 shares of company stock valued at $12,890,034. 46.56% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

RVLV has been the topic of several research analyst reports. Morgan Stanley reissued an “equal weight” rating and issued a $26.00 target price (up from $17.00) on shares of Revolve Group in a research report on Monday, October 21st. Wedbush reaffirmed a “neutral” rating and issued a $19.00 price objective on shares of Revolve Group in a research note on Wednesday, August 7th. Roth Mkm reiterated a “buy” rating and set a $35.00 price objective (up from $29.00) on shares of Revolve Group in a research note on Wednesday, November 6th. Barclays raised shares of Revolve Group from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $17.00 to $25.00 in a research note on Wednesday, November 6th. Finally, Piper Sandler upped their price target on shares of Revolve Group from $30.00 to $35.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $26.19.

Revolve Group Stock Up 3.2 %

Shares of NYSE RVLV opened at $34.87 on Friday. Revolve Group, Inc. has a twelve month low of $13.24 and a twelve month high of $35.28. The stock has a market cap of $2.47 billion, a price-to-earnings ratio of 62.27, a P/E/G ratio of 2.10 and a beta of 2.05. The company’s fifty day moving average is $27.09 and its 200-day moving average is $22.12.

Revolve Group (NYSE:RVLV) last issued its quarterly earnings data 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 net margin of 3.72% and a return on equity of 10.17%. The business had revenue of $283.15 million for the quarter, compared to analyst estimates of $271.08 million. During the same period last year, the business posted $0.04 earnings per share. The firm’s quarterly revenue was up 9.9% on a year-over-year basis. On average, research analysts anticipate that Revolve Group, Inc. will post 0.6 EPS for the current fiscal year.

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.