Revolve Group, Inc. (NYSE:RVLV) Shares Acquired by Deutsche Bank AG

Deutsche Bank AG lifted its stake in shares of Revolve Group, Inc. (NYSE:RVLV) by 6.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 50,884 shares of the company’s stock after acquiring an additional 2,976 shares during the quarter. Deutsche Bank AG owned 0.07% of Revolve Group worth $1,704,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. AlphaQuest LLC grew its stake in Revolve Group by 7.7% during the 4th quarter. AlphaQuest LLC now owns 5,535 shares of the company’s stock worth $185,000 after purchasing an additional 396 shares in the last quarter. Navellier & Associates Inc. raised its position in Revolve Group by 4.1% in the 4th quarter. Navellier & Associates Inc. now owns 25,711 shares of the company’s stock valued at $861,000 after purchasing an additional 1,008 shares in the last quarter. Venturi Wealth Management LLC boosted its stake in shares of Revolve Group by 1,302.1% in the 4th quarter. Venturi Wealth Management LLC now owns 1,346 shares of the company’s stock valued at $45,000 after buying an additional 1,250 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of Revolve Group by 15.5% in the 4th quarter. Ameriprise Financial Inc. now owns 10,190 shares of the company’s stock valued at $341,000 after buying an additional 1,364 shares during the period. Finally, Franklin Resources Inc. grew its position in shares of Revolve Group by 5.1% during the fourth quarter. Franklin Resources Inc. now owns 28,571 shares of the company’s stock worth $957,000 after buying an additional 1,376 shares in the last quarter. 67.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Michael Karanikolas sold 12,566 shares of the company’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $25.94, for a total value of $325,962.04. Following the completion of the sale, the chief executive officer now owns 123,000 shares in the company, valued at $3,190,620. This represents a 9.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 43.82% of the stock is currently owned by company insiders.

Revolve Group Price Performance

Shares of RVLV opened at $19.36 on Friday. Revolve Group, Inc. has a 1-year low of $14.87 and a 1-year high of $39.58. The stock has a market cap of $1.38 billion, a PE ratio of 34.58, a price-to-earnings-growth ratio of 1.48 and a beta of 2.10. The firm has a fifty day moving average price of $20.36 and a 200 day moving average price of $27.62.

Revolve Group (NYSE:RVLV) last posted its earnings results on Tuesday, May 6th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.03. Revolve Group had a return on equity of 10.17% and a net margin of 3.72%. The business had revenue of $296.71 million for the quarter, compared to analysts’ expectations of $297.56 million. During the same quarter in the previous year, the firm earned $0.15 earnings per share. The business’s revenue was up 9.7% compared to the same quarter last year. As a group, equities analysts expect that Revolve Group, Inc. will post 0.6 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently weighed in on RVLV shares. BMO Capital Markets raised their target price on shares of Revolve Group from $15.00 to $19.00 and gave the company a “market perform” rating in a report on Wednesday, February 26th. Piper Sandler lowered their price target on shares of Revolve Group from $35.00 to $22.00 and set an “overweight” rating for the company in a report on Friday, April 11th. Barclays restated a “reduce” rating on shares of Revolve Group in a report on Wednesday, May 7th. Stifel Nicolaus decreased their price objective on shares of Revolve Group from $40.00 to $28.00 and set a “buy” rating for the company in a research report on Thursday, April 10th. Finally, KeyCorp lowered their target price on shares of Revolve Group from $37.00 to $25.00 and set an “overweight” rating for the company in a research note on Wednesday, May 7th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $26.07.

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.