Revolve Group, Inc. (NYSE:RVLV) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its position in shares of Revolve Group, Inc. (NYSE:RVLV) by 83.4% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 349,670 shares of the company’s stock after purchasing an additional 158,960 shares during the period. JPMorgan Chase & Co. owned approximately 0.49% of Revolve Group worth $8,665,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Precision Wealth Strategies LLC increased its position in shares of Revolve Group by 3.3% during the third quarter. Precision Wealth Strategies LLC now owns 12,741 shares of the company’s stock worth $316,000 after acquiring an additional 407 shares during the period. Farther Finance Advisors LLC increased its position in shares of Revolve Group by 249.7% during the third quarter. Farther Finance Advisors LLC now owns 1,126 shares of the company’s stock worth $28,000 after acquiring an additional 804 shares during the period. Franklin Resources Inc. increased its position 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 worth $699,000 after acquiring an additional 1,753 shares during the period. Benjamin F. Edwards & Company Inc. increased its position in shares of Revolve Group by 91.1% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,069 shares of the company’s stock worth $65,000 after acquiring an additional 1,940 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Revolve Group by 0.9% during 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 during the period. 67.60% of the stock is currently owned by institutional investors and hedge funds.

Revolve Group Stock Performance

Shares of RVLV stock opened at $29.37 on Tuesday. The stock’s 50-day moving average is $34.15 and its two-hundred day moving average is $26.29. The firm has a market cap of $2.08 billion, a price-to-earnings ratio of 52.45, a PEG ratio of 2.34 and a beta of 2.18. Revolve Group, Inc. has a 1 year low of $13.96 and a 1 year high of $39.58.

Revolve Group (NYSE:RVLV) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarter last year, the company posted $0.04 earnings per share. The business’s quarterly revenue was up 9.9% compared to the same quarter last year. As a group, research analysts predict that Revolve Group, Inc. will post 0.6 EPS for the current year.

Analyst Ratings Changes

RVLV has been the topic of a number of recent research reports. TD Cowen upped their price objective on Revolve Group from $28.00 to $34.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. UBS Group upped their price objective on Revolve Group from $25.00 to $30.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Robert W. Baird increased their target price on Revolve Group from $24.00 to $33.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Roth Mkm reissued a “buy” rating and issued a $35.00 target price (up previously from $29.00) on shares of Revolve Group in a report on Wednesday, November 6th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $26.00 target price (up previously from $17.00) on shares of Revolve Group in a report on Monday, October 21st. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $29.07.

Insider Transactions at Revolve Group

In other news, CEO Michael Mente sold 48,346 shares of the stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $26.32, for a total transaction of $1,272,466.72. Following the completion of the sale, the chief executive officer now owns 73,000 shares in the company, valued at approximately $1,921,360. This represents a 39.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Mmmk Development, Inc. sold 33,164 shares of the stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $26.26, for a total transaction of $870,886.64. The disclosure for this sale can be found here. Over the last quarter, insiders sold 982,317 shares of company stock worth $31,650,456. Company insiders own 46.56% of the company’s stock.

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.