State Street Corp Decreases Stock Holdings in Revolve Group, Inc. (NYSE:RVLV)

State Street Corp lowered its stake in Revolve Group, Inc. (NYSE:RVLV) by 6.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,123,289 shares of the company’s stock after selling 79,959 shares during the quarter. State Street Corp owned 1.59% of Revolve Group worth $27,835,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its position in shares of Revolve Group by 249.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,126 shares of the company’s stock valued at $28,000 after purchasing an additional 804 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its position in Revolve Group by 91.1% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,069 shares of the company’s stock valued at $65,000 after buying an additional 1,940 shares during the period. Quarry LP purchased a new stake in Revolve Group during the second quarter valued at approximately $68,000. American Century Companies Inc. bought a new position in Revolve Group in the second quarter worth approximately $165,000. Finally, nVerses Capital LLC purchased a new position in shares of Revolve Group during the 3rd quarter worth $171,000. Institutional investors own 67.60% of the company’s stock.

Revolve Group Stock Up 1.0 %

RVLV opened at $34.10 on Monday. The company has a market capitalization of $2.41 billion, a PE ratio of 60.89, a price-to-earnings-growth ratio of 2.34 and a beta of 2.19. The firm has a 50-day simple moving average of $31.96 and a two-hundred day simple moving average of $24.46. Revolve Group, Inc. has a 52 week low of $13.96 and a 52 week high of $39.58.

Revolve Group (NYSE:RVLV) last announced its quarterly 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. 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 period in the prior year, the company earned $0.04 earnings per share. The firm’s revenue was up 9.9% on a year-over-year basis. As a group, sell-side analysts expect that Revolve Group, Inc. will post 0.6 earnings per share for the current year.

Analyst Ratings Changes

RVLV has been the subject of several analyst reports. Stifel Nicolaus upped their price objective on Revolve Group from $35.00 to $41.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Morgan Stanley restated an “equal weight” rating and issued a $26.00 price target (up previously from $17.00) on shares of Revolve Group in a research report on Monday, October 21st. Roth Mkm reaffirmed a “buy” rating and set a $35.00 price objective (up from $29.00) on shares of Revolve Group in a research report on Wednesday, November 6th. Robert W. Baird increased their target price on shares of Revolve Group from $24.00 to $33.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Finally, UBS Group lifted their price target on shares of Revolve Group from $25.00 to $30.00 and gave the company a “neutral” rating in a 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 given a buy rating to the company’s stock. Based on data from MarketBeat, Revolve Group presently has a consensus rating of “Hold” and an average target price of $27.25.

Insider Activity

In other Revolve Group news, CEO Michael Mente sold 90,266 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $35.80, for a total transaction of $3,231,522.80. Following the sale, the chief executive officer now directly owns 123,000 shares of the company’s stock, valued at $4,403,400. The trade was a 42.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Jesse Timmermans sold 91,625 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief financial officer now directly owns 3,054 shares of the company’s stock, valued at $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 ninety days, insiders sold 902,839 shares of company stock worth $29,112,870. 46.56% of the stock is currently owned by insiders.

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.