Intech Investment Management LLC Makes New $241,000 Investment in Revolve Group, Inc. (NYSE:RVLV)

Intech Investment Management LLC acquired a new position in shares of Revolve Group, Inc. (NYSE:RVLV) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 9,737 shares of the company’s stock, valued at approximately $241,000.

A number of other institutional investors also recently modified their holdings of the company. XTX Topco Ltd grew its holdings in Revolve Group by 148.4% during the 2nd quarter. XTX Topco Ltd now owns 39,586 shares of the company’s stock worth $630,000 after acquiring an additional 23,652 shares during the last quarter. Harbor Capital Advisors Inc. lifted its position in shares of Revolve Group by 46.1% during the third quarter. Harbor Capital Advisors Inc. now owns 107,148 shares of the company’s stock worth $2,655,000 after purchasing an additional 33,812 shares in the last quarter. Lisanti Capital Growth LLC acquired a new position in shares of Revolve Group during the third quarter worth approximately $2,276,000. Farther Finance Advisors LLC grew its stake 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 valued at $28,000 after purchasing an additional 804 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of Revolve Group in the third quarter valued at approximately $827,000. Institutional investors own 67.60% of the company’s stock.

Revolve Group Stock Up 1.4 %

NYSE:RVLV opened at $36.17 on Friday. Revolve Group, Inc. has a twelve month low of $13.76 and a twelve month high of $39.03. The firm has a market capitalization of $2.56 billion, a price-to-earnings ratio of 63.71, a price-to-earnings-growth ratio of 2.24 and a beta of 2.19. The stock’s 50 day moving average price is $29.16 and its two-hundred day moving average price is $23.05.

Revolve Group (NYSE:RVLV) last released its quarterly earnings data on Tuesday, November 5th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.05. Revolve Group had a net margin of 3.72% and a return on equity of 10.17%. 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 business earned $0.04 EPS. Revolve Group’s revenue for the quarter was up 9.9% compared to the same quarter last year. As a group, analysts anticipate that Revolve Group, Inc. will post 0.6 earnings per share for the current year.

Insider Activity

In related news, CEO Michael Mente sold 36,114 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $25.95, for a total value of $937,158.30. Following the transaction, the chief executive officer now directly owns 73,000 shares in the company, valued at approximately $1,894,350. This represents a 33.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Mmmk Development, Inc. sold 6,493 shares of the stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $25.92, for a total transaction of $168,298.56. The disclosure for this sale can be found here. Insiders have sold 770,512 shares of company stock valued at $24,534,363 over the last ninety days. 46.56% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts recently commented on RVLV shares. TD Cowen lifted 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. Barclays upgraded shares of Revolve Group from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $17.00 to $25.00 in a research report on Wednesday, November 6th. Morgan Stanley reissued an “equal weight” rating and set a $26.00 price target (up from $17.00) on shares of Revolve Group in a research note on Monday, October 21st. Robert W. Baird raised their price objective on shares of Revolve Group from $24.00 to $33.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Finally, Evercore ISI lifted their target price on shares of Revolve Group from $21.00 to $33.00 and gave the stock an “in-line” rating in a report on Wednesday, November 6th. One equities research 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. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $26.19.

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.