Revolve Group, Inc. (NYSE:RVLV) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC trimmed its stake in Revolve Group, Inc. (NYSE:RVLV) by 51.7% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 16,103 shares of the company’s stock after selling 17,264 shares during the quarter. SG Americas Securities LLC’s holdings in Revolve Group were worth $539,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Dakota Wealth Management acquired a new stake in shares of Revolve Group in the 4th quarter worth about $211,000. Sugar Maple Asset Management LLC bought a new position in Revolve Group in the 4th quarter worth about $50,000. JPMorgan Chase & Co. increased its stake in shares of Revolve Group by 83.4% in the third quarter. JPMorgan Chase & Co. now owns 349,670 shares of the company’s stock valued at $8,665,000 after purchasing an additional 158,960 shares during the period. Franklin Resources Inc. raised its holdings in shares of Revolve Group by 6.9% during the third quarter. Franklin Resources Inc. now owns 27,195 shares of the company’s stock valued at $699,000 after buying an additional 1,753 shares during the last quarter. Finally, Barclays PLC boosted its position in shares of Revolve Group by 156.7% during the third quarter. Barclays PLC now owns 85,613 shares of the company’s stock worth $2,122,000 after buying an additional 52,257 shares during the period. Institutional investors and hedge funds own 67.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. UBS Group raised their target price on Revolve Group from $25.00 to $30.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. TD Cowen raised their price target on Revolve Group from $28.00 to $34.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. KeyCorp raised shares of Revolve Group from a “sector weight” rating to an “overweight” rating and set a $37.00 price objective for the company in a report on Thursday, January 23rd. Roth Mkm reiterated a “buy” rating and issued a $35.00 target price (up previously from $29.00) on shares of Revolve Group in a research report on Wednesday, November 6th. Finally, Barclays upgraded shares of Revolve Group from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $17.00 to $25.00 in a research report on Wednesday, November 6th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $29.60.

Insider Buying and Selling at Revolve Group

In related news, CFO Jesse Timmermans sold 91,625 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $30.72, for a total transaction of $2,814,720.00. Following the transaction, the chief financial officer now directly owns 3,054 shares of the company’s stock, valued at approximately $93,818.88. The trade was a 96.77 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael Mente sold 200,000 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $31.43, for a total value of $6,286,000.00. Following the completion of the sale, the chief executive officer now directly owns 73,000 shares of the company’s stock, valued at approximately $2,294,390. This represents a 73.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,012,182 shares of company stock valued at $32,922,045. 46.56% of the stock is currently owned by corporate insiders.

Revolve Group Stock Performance

NYSE RVLV opened at $31.61 on Friday. The stock has a market capitalization of $2.24 billion, a P/E ratio of 56.45, a P/E/G ratio of 1.52 and a beta of 2.18. The business’s fifty day moving average is $33.50 and its two-hundred day moving average is $27.59. Revolve Group, Inc. has a 1 year low of $14.04 and a 1 year high of $39.58.

Revolve Group (NYSE:RVLV) last announced its earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share (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 for the quarter, compared to analyst estimates of $271.08 million. During the same period in the previous year, the firm earned $0.04 earnings per share. Revolve Group’s revenue for the quarter was up 9.9% compared to the same quarter last year. On average, research analysts forecast that Revolve Group, Inc. will post 0.6 earnings per share for the current 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.