Revolve Group, Inc. $RVLV Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC trimmed its holdings in Revolve Group, Inc. (NYSE:RVLV) by 12.2% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,362 shares of the company’s stock after selling 1,440 shares during the quarter. Voya Investment Management LLC’s holdings in Revolve Group were worth $223,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in RVLV. Millennium Management LLC boosted its holdings in Revolve Group by 6,190.7% in the first quarter. Millennium Management LLC now owns 986,693 shares of the company’s stock valued at $21,204,000 after purchasing an additional 1,002,893 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its stake in Revolve Group by 27.3% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 2,363,896 shares of the company’s stock valued at $50,800,000 after buying an additional 506,225 shares during the last quarter. Raymond James Financial Inc. lifted its stake in Revolve Group by 4,131.2% in the first quarter. Raymond James Financial Inc. now owns 421,043 shares of the company’s stock valued at $9,048,000 after buying an additional 411,092 shares during the last quarter. Segall Bryant & Hamill LLC purchased a new stake in Revolve Group in the first quarter valued at approximately $5,246,000. Finally, Algert Global LLC lifted its stake in Revolve Group by 42.3% in the first quarter. Algert Global LLC now owns 431,491 shares of the company’s stock valued at $9,273,000 after buying an additional 128,202 shares during the last quarter. 67.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on RVLV. UBS Group reiterated a “neutral” rating and issued a $22.00 price objective (up previously from $19.00) on shares of Revolve Group in a research note on Friday, July 25th. Robert W. Baird boosted their price objective on Revolve Group from $23.00 to $25.00 and gave the company a “neutral” rating in a research note on Friday, June 6th. Raymond James Financial boosted their price objective on Revolve Group from $21.00 to $25.00 and gave the company an “outperform” rating in a research note on Tuesday, July 22nd. Cowen reiterated a “buy” rating on shares of Revolve Group in a research note on Friday, June 6th. Finally, Roth Capital reiterated a “buy” rating and issued a $24.00 price objective (up previously from $19.00) on shares of Revolve Group in a research note on Tuesday, August 5th. Ten investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $27.40.

Revolve Group Price Performance

NYSE:RVLV opened at $21.96 on Tuesday. The firm’s fifty day moving average price is $22.00 and its 200 day moving average price is $21.13. Revolve Group, Inc. has a 1-year low of $16.80 and a 1-year high of $39.58. The firm has a market cap of $1.57 billion, a price-to-earnings ratio of 35.41, a price-to-earnings-growth ratio of 2.40 and a beta of 1.94.

Revolve Group (NYSE:RVLV) last released its quarterly earnings data 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. The firm had revenue of $308.97 million during the quarter, compared to analysts’ expectations of $297.91 million. Revolve Group had a return on equity of 10.17% and a net margin of 3.83%.Revolve Group’s revenue was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.21 earnings per share. As a group, analysts expect that Revolve Group, Inc. will post 0.6 earnings per share for the current fiscal year.

About Revolve Group

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.