Cwm LLC Sells 768 Shares of Revolve Group, Inc. (NYSE:RVLV)

Cwm LLC decreased its holdings in shares of Revolve Group, Inc. (NYSE:RVLV) by 26.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,161 shares of the company’s stock after selling 768 shares during the period. Cwm LLC’s holdings in Revolve Group were worth $36,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of RVLV. Signaturefd LLC lifted its position in Revolve Group by 452.4% during the third quarter. Signaturefd LLC now owns 1,823 shares of the company’s stock valued at $25,000 after purchasing an additional 1,493 shares in the last quarter. Assetmark Inc. lifted its position in shares of Revolve Group by 11.7% during the 3rd quarter. Assetmark Inc. now owns 7,621 shares of the company’s stock valued at $104,000 after buying an additional 797 shares in the last quarter. Corton Capital Inc. purchased a new position in shares of Revolve Group during the 3rd quarter valued at about $140,000. Qsemble Capital Management LP bought a new position in shares of Revolve Group during the 3rd quarter valued at approximately $201,000. Finally, Teza Capital Management LLC purchased a new stake in Revolve Group in the 3rd quarter worth approximately $236,000. 67.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on RVLV. Stifel Nicolaus lifted their price target on shares of Revolve Group from $20.00 to $24.00 and gave the company a “buy” rating in a report on Friday, April 26th. Raymond James upgraded Revolve Group from a “market perform” rating to an “outperform” rating and set a $21.00 price target for the company in a research note on Wednesday, February 28th. Roth Mkm raised their price target on Revolve Group from $21.00 to $26.00 and gave the company a “buy” rating in a report on Wednesday. Evercore ISI upped their price objective on Revolve Group from $17.00 to $20.00 and gave the stock an “in-line” rating in a research note on Monday. Finally, Robert W. Baird lifted their target price on Revolve Group from $19.00 to $23.00 and gave the company a “neutral” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $20.50.

Revolve Group Stock Performance

Shares of RVLV opened at $21.66 on Friday. Revolve Group, Inc. has a fifty-two week low of $12.25 and a fifty-two week high of $23.19. The company’s fifty day moving average is $20.30 and its 200 day moving average is $17.09. The stock has a market capitalization of $1.53 billion, a PE ratio of 63.71, a P/E/G ratio of 1.38 and a beta of 2.15.

Revolve Group (NYSE:RVLV) last announced its earnings results on Tuesday, May 7th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.07. The firm had revenue of $270.60 million for the quarter, compared to analysts’ expectations of $271.80 million. Revolve Group had a net margin of 2.63% and a return on equity of 7.11%. The business’s revenue was down 3.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.19 EPS. As a group, research analysts forecast that Revolve Group, Inc. will post 0.48 earnings per share for the current year.

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.