Algert Global LLC Sells 20,002 Shares of Revolve Group, Inc. (NYSE:RVLV)

Algert Global LLC lessened its holdings in Revolve Group, Inc. (NYSE:RVLV) by 18.1% in the third quarter, Holdings Channel reports. The firm owned 90,375 shares of the company’s stock after selling 20,002 shares during the period. Algert Global LLC’s holdings in Revolve Group were worth $2,239,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD grew its position in shares of Revolve Group by 4.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 26,498 shares of the company’s stock valued at $561,000 after purchasing an additional 1,227 shares in the last quarter. Comerica Bank boosted its position in shares of Revolve Group by 12,630.9% in the first quarter. Comerica Bank now owns 179,888 shares of the company’s stock valued at $3,808,000 after acquiring an additional 178,475 shares during the period. Harbor Capital Advisors Inc. grew its stake in Revolve Group by 410.8% during the second quarter. Harbor Capital Advisors Inc. now owns 73,336 shares of the company’s stock valued at $1,167,000 after acquiring an additional 58,979 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Revolve Group by 8.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 163,495 shares of the company’s stock worth $2,601,000 after acquiring an additional 12,094 shares during the period. Finally, BloombergSen Inc. lifted its stake in Revolve Group by 21.6% in the 2nd quarter. BloombergSen Inc. now owns 25,335 shares of the company’s stock worth $403,000 after purchasing an additional 4,500 shares in the last quarter. Institutional investors own 67.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. BTIG Research boosted their price target on shares of Revolve Group from $30.00 to $35.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Evercore ISI upped their target price on Revolve Group from $21.00 to $33.00 and gave the stock an “in-line” rating in a research note on Wednesday, November 6th. Piper Sandler lifted their price target on Revolve Group from $30.00 to $35.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. Morgan Stanley reissued an “equal weight” rating and set a $26.00 price objective (up previously from $17.00) on shares of Revolve Group in a report on Monday, October 21st. Finally, TD Cowen raised their target price on shares of Revolve Group from $28.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $26.19.

Insider Buying and Selling

In other Revolve Group news, CEO Michael Mente sold 36,114 shares of the stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $25.95, for a total value of $937,158.30. Following the completion of the sale, the chief executive officer now owns 73,000 shares in the company, valued at approximately $1,894,350. This trade represents a 33.10 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Mmmk Development, Inc. sold 6,493 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $25.92, for a total value of $168,298.56. The disclosure for this sale can be found here. Insiders have sold a total of 581,817 shares of company stock valued at $17,870,621 over the last three months. 46.56% of the stock is owned by company insiders.

Revolve Group Trading Up 2.2 %

RVLV opened at $38.80 on Wednesday. Revolve Group, Inc. has a 12 month low of $13.24 and a 12 month high of $39.03. The business’s 50-day moving average price is $27.58 and its 200-day moving average price is $22.35. The company has a market cap of $2.75 billion, a P/E ratio of 69.29, a P/E/G ratio of 2.21 and a beta of 2.05.

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

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.