UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its stake in shares of Revolve Group, Inc. (NYSE:RVLV – Free Report) by 6.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 78,955 shares of the company’s stock after selling 5,526 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.11% of Revolve Group worth $1,957,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Charles Schwab Investment Management Inc. raised its position in Revolve Group by 0.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 315,213 shares of the company’s stock worth $7,811,000 after acquiring an additional 2,963 shares in the last quarter. Navellier & Associates Inc. bought a new stake in Revolve Group in the third quarter worth about $612,000. Intech Investment Management LLC bought a new stake in Revolve Group in the third quarter worth about $241,000. LMR Partners LLP bought a new stake in Revolve Group in the third quarter worth about $228,000. Finally, Thrivent Financial for Lutherans bought a new stake in Revolve Group in the third quarter worth about $1,509,000. 67.60% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on RVLV. UBS Group lifted their price target on Revolve Group from $25.00 to $30.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. Barclays raised Revolve Group from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $17.00 to $25.00 in a research note on Wednesday, November 6th. Stifel Nicolaus lifted their price target on Revolve Group from $35.00 to $41.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Roth Mkm reissued a “buy” rating and issued a $35.00 price target (up previously from $29.00) on shares of Revolve Group in a research note on Wednesday, November 6th. Finally, Robert W. Baird lifted their price target on Revolve Group from $24.00 to $33.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. One 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. Based on data from MarketBeat, Revolve Group has a consensus rating of “Hold” and a consensus price target of $27.25.
Insider Buying and Selling at Revolve Group
In other 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 legal filing with the SEC, which is available at this hyperlink. Also, CFO Jesse Timmermans sold 91,625 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $30.72, for a total value of $2,814,720.00. Following the sale, the chief financial officer now owns 3,054 shares in the company, valued at $93,818.88. The trade was a 96.77 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 770,512 shares of company stock worth $24,534,363 over the last three months. Company insiders own 46.56% of the company’s stock.
Revolve Group Stock Down 2.8 %
Shares of RVLV stock opened at $37.09 on Monday. Revolve Group, Inc. has a 12 month low of $13.96 and a 12 month high of $39.03. The firm has a market cap of $2.62 billion, a PE ratio of 66.23, a price-to-earnings-growth ratio of 2.34 and a beta of 2.19. The stock has a 50 day moving average of $30.89 and a 200-day moving average of $23.92.
Revolve Group (NYSE:RVLV – Get Free Report) last issued its earnings results on Tuesday, November 5th. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.05. The business had revenue of $283.15 million during the quarter, compared to analyst estimates of $271.08 million. Revolve Group had a return on equity of 10.17% and a net margin of 3.72%. Revolve Group’s revenue was up 9.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.04 earnings per share. As a group, equities analysts predict that Revolve Group, Inc. will post 0.6 EPS for the current fiscal year.
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.
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