Assetmark Inc. Trims Stock Position in Revolve Group, Inc. (NYSE:RVLV)

Assetmark Inc. lessened its position in shares of Revolve Group, Inc. (NYSE:RVLV) by 85.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,636 shares of the company’s stock after selling 9,907 shares during the quarter. Assetmark Inc.’s holdings in Revolve Group were worth $35,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Castlekeep Investment Advisors LLC purchased a new stake in shares of Revolve Group during the 4th quarter valued at approximately $65,000. CWM LLC increased its holdings in Revolve Group by 40.4% in the 1st quarter. CWM LLC now owns 2,905 shares of the company’s stock valued at $62,000 after purchasing an additional 836 shares during the last quarter. Neo Ivy Capital Management acquired a new stake in Revolve Group in the 4th quarter valued at approximately $156,000. First Trust Advisors LP acquired a new stake in Revolve Group in the 4th quarter valued at approximately $209,000. Finally, Wallace Advisory Group LLC acquired a new stake in Revolve Group in the 1st quarter valued at approximately $136,000. Hedge funds and other institutional investors own 67.60% of the company’s stock.

Revolve Group Trading Up 1.3%

Shares of RVLV stock opened at $20.38 on Tuesday. Revolve Group, Inc. has a 12 month low of $16.80 and a 12 month high of $39.58. The company has a market cap of $1.45 billion, a P/E ratio of 29.53, a PEG ratio of 2.74 and a beta of 1.98. The firm has a fifty day moving average price of $21.05 and a 200 day moving average price of $22.92.

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

Analyst Upgrades and Downgrades

Several analysts recently weighed in on RVLV shares. Robert W. Baird lifted their target price on shares of Revolve Group from $23.00 to $25.00 and gave the company a “neutral” rating in a report on Friday, June 6th. UBS Group reiterated a “neutral” rating and issued a $22.00 target price (up previously from $19.00) on shares of Revolve Group in a report on Friday, July 25th. Stifel Nicolaus dropped their target price on shares of Revolve Group from $40.00 to $28.00 and set a “buy” rating for the company in a report on Thursday, April 10th. Barclays restated a “reduce” rating on shares of Revolve Group in a research note on Wednesday, May 7th. Finally, Morgan Stanley boosted their price target on shares of Revolve Group from $19.00 to $22.00 and gave the stock an “equal weight” rating in a research note on Monday, July 21st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $26.73.

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.