Deutsche Bank AG Sells 10,117 Shares of Revolve Group, Inc. $RVLV

Deutsche Bank AG cut its stake in shares of Revolve Group, Inc. (NYSE:RVLV) by 19.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,767 shares of the company’s stock after selling 10,117 shares during the period. Deutsche Bank AG owned 0.06% of Revolve Group worth $876,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Balyasny Asset Management L.P. increased its position in shares of Revolve Group by 596.9% during the 4th quarter. Balyasny Asset Management L.P. now owns 795,607 shares of the company’s stock valued at $26,645,000 after purchasing an additional 681,451 shares during the last quarter. Driehaus Capital Management LLC bought a new position in Revolve Group during the fourth quarter valued at $14,531,000. Segall Bryant & Hamill LLC purchased a new stake in shares of Revolve Group in the first quarter valued at $5,246,000. Algert Global LLC raised its stake in shares of Revolve Group by 235.6% in the fourth quarter. Algert Global LLC now owns 303,289 shares of the company’s stock valued at $10,157,000 after acquiring an additional 212,914 shares during the period. Finally, Woodline Partners LP bought a new stake in shares of Revolve Group in the 4th quarter worth about $6,477,000. 67.60% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Robert W. Baird upped their price target 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. Piper Sandler boosted their target price on Revolve Group from $22.00 to $25.00 and gave the company an “overweight” rating in a research report on Wednesday, August 6th. Cowen reiterated a “buy” rating on shares of Revolve Group in a report on Friday, June 6th. Morgan Stanley raised their price target on Revolve Group from $22.00 to $24.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 6th. Finally, Barclays restated a “reduce” rating on shares of Revolve Group in a report on Wednesday, May 7th. Ten equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $27.40.

Revolve Group Price Performance

RVLV stock opened at $22.5030 on Monday. Revolve Group, Inc. has a 1-year low of $16.80 and a 1-year high of $39.58. The business has a 50-day moving average price of $20.95 and a 200 day moving average price of $21.91. The company has a market capitalization of $1.60 billion, a P/E ratio of 36.30, a PEG ratio of 2.46 and a beta of 1.98.

Revolve Group (NYSE:RVLV) last issued its earnings results on Tuesday, August 5th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.02. Revolve Group had a net margin of 3.83% and a return on equity of 10.17%. The company had revenue of $308.97 million for the quarter, compared to analysts’ expectations of $297.91 million. During the same period in the prior year, the business earned $0.21 EPS. The firm’s quarterly revenue was up 9.3% on a year-over-year basis. On average, analysts anticipate that Revolve Group, Inc. will post 0.6 earnings per share for the current fiscal 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.