Barclays PLC Boosts Stake in Revolve Group, Inc. (NYSE:RVLV)

Barclays PLC grew its stake in Revolve Group, Inc. (NYSE:RVLV) by 156.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 85,613 shares of the company’s stock after acquiring an additional 52,257 shares during the quarter. Barclays PLC owned about 0.12% of Revolve Group worth $2,122,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Marshall Wace LLP grew its stake in Revolve Group by 141.2% in the second quarter. Marshall Wace LLP now owns 478,623 shares of the company’s stock valued at $7,615,000 after purchasing an additional 280,151 shares during the last quarter. Polar Asset Management Partners Inc. bought a new stake in shares of Revolve Group in the 3rd quarter valued at about $3,982,000. Millennium Management LLC grew its position in shares of Revolve Group by 68.1% in the 2nd quarter. Millennium Management LLC now owns 342,084 shares of the company’s stock worth $5,443,000 after buying an additional 138,600 shares during the last quarter. Dimensional Fund Advisors LP raised 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 acquiring an additional 123,745 shares in the last quarter. Finally, Lisanti Capital Growth LLC bought a new position in shares of Revolve Group during the 3rd quarter worth approximately $2,276,000. 67.60% of the stock is owned by institutional investors.

Insider Transactions at Revolve Group

In other Revolve Group news, 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 transaction of $2,814,720.00. Following the completion of the transaction, the chief financial officer now directly owns 3,054 shares in the company, valued at approximately $93,818.88. This represents a 96.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Michael Mente sold 62,441 shares of Revolve Group stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $34.20, for a total transaction of $2,135,482.20. Following the completion of the sale, the chief executive officer now owns 73,000 shares in the company, valued at approximately $2,496,600. This trade represents a 46.10 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 902,839 shares of company stock valued at $29,112,870 in the last ninety days. 46.56% of the stock is currently owned by corporate insiders.

Revolve Group Stock Performance

NYSE:RVLV opened at $33.06 on Friday. The firm has a market cap of $2.34 billion, a price-to-earnings ratio of 59.04, a PEG ratio of 2.34 and a beta of 2.18. The firm’s fifty day moving average is $32.57 and its two-hundred day moving average is $24.85. Revolve Group, Inc. has a one year low of $13.96 and a one year high of $39.58.

Revolve Group (NYSE:RVLV) last posted its earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.05. The firm had revenue of $283.15 million during the quarter, compared to analysts’ expectations of $271.08 million. Revolve Group had a net margin of 3.72% and a return on equity of 10.17%. The business’s revenue was up 9.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.04 EPS. As a group, equities research analysts predict that Revolve Group, Inc. will post 0.6 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Morgan Stanley reaffirmed an “equal weight” rating and issued a $26.00 price target (up from $17.00) on shares of Revolve Group in a report on Monday, October 21st. Stifel Nicolaus upped their target price on Revolve Group from $35.00 to $41.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Robert W. Baird increased their price target on Revolve Group from $24.00 to $33.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Piper Sandler boosted their price target on Revolve Group from $30.00 to $35.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. Finally, Roth Mkm reiterated a “buy” rating and issued a $35.00 target price (up from $29.00) on shares of Revolve Group in a research note on Wednesday, November 6th. One analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $27.25.

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.