M&T Bank Corp Has $634,000 Position in Revolve Group, Inc. (NYSE:RVLV)

M&T Bank Corp lessened its stake in shares of Revolve Group, Inc. (NYSE:RVLV) by 3.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,509 shares of the company’s stock after selling 959 shares during the quarter. M&T Bank Corp’s holdings in Revolve Group were worth $634,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Charles Schwab Investment Management Inc. increased its holdings in Revolve Group by 1.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 318,683 shares of the company’s stock valued at $10,673,000 after purchasing an additional 3,470 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Revolve Group in the 4th quarter valued at $333,000. HighTower Advisors LLC increased its stake in shares of Revolve Group by 86.3% in the 4th quarter. HighTower Advisors LLC now owns 18,782 shares of the company’s stock valued at $629,000 after buying an additional 8,702 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Revolve Group by 484.4% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 80,656 shares of the company’s stock valued at $2,701,000 after buying an additional 66,855 shares during the period. Finally, Madison Investment Advisors LLC acquired a new stake in shares of Revolve Group in the 4th quarter valued at $3,606,000. Institutional investors own 67.60% of the company’s stock.

Analysts Set New Price Targets

RVLV has been the subject of a number of analyst reports. UBS Group decreased their price objective on Revolve Group from $22.00 to $19.00 and set a “neutral” rating for the company in a research note on Wednesday, May 7th. Raymond James Financial cut their price target on Revolve Group from $25.00 to $21.00 and set an “outperform” rating on the stock in a report on Wednesday, May 7th. Morgan Stanley cut their price target on Revolve Group from $29.00 to $21.00 and set an “equal weight” rating on the stock in a report on Thursday, April 17th. Robert W. Baird lifted their target price on Revolve Group from $23.00 to $25.00 and gave the company a “neutral” rating in a research report on Friday, June 6th. Finally, Piper Sandler lowered their price target on Revolve Group from $35.00 to $22.00 and set an “overweight” rating on the stock in a research report on Friday, April 11th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the company. According to MarketBeat, Revolve Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $26.20.

Revolve Group Stock Performance

NYSE:RVLV opened at $20.95 on Wednesday. The stock’s fifty day moving average is $20.58 and its 200 day moving average is $23.94. Revolve Group, Inc. has a fifty-two week low of $16.68 and a fifty-two week high of $39.58. The firm has a market capitalization of $1.49 billion, a PE ratio of 30.36, a PEG ratio of 3.10 and a beta of 1.98.

Revolve Group (NYSE:RVLV) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.03. The firm had revenue of $296.71 million during the quarter, compared to analysts’ expectations of $297.56 million. Revolve Group had a return on equity of 11.76% and a net margin of 4.37%. The firm’s quarterly revenue was up 9.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.15 EPS. Equities analysts forecast that Revolve Group, Inc. will post 0.6 EPS for the current 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.