Atria Investments Inc Sells 7,887 Shares of Revolve Group, Inc. (NYSE:RVLV)

Atria Investments Inc reduced its stake in shares of Revolve Group, Inc. (NYSE:RVLV) by 32.6% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 16,276 shares of the company’s stock after selling 7,887 shares during the period. Atria Investments Inc’s holdings in Revolve Group were worth $403,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Farther Finance Advisors LLC lifted its stake in Revolve Group by 249.7% during the third quarter. Farther Finance Advisors LLC now owns 1,126 shares of the company’s stock worth $28,000 after purchasing an additional 804 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its holdings in shares of Revolve Group by 91.1% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 4,069 shares of the company’s stock worth $65,000 after buying an additional 1,940 shares in the last quarter. Quarry LP acquired a new stake in Revolve Group in the second quarter valued at about $68,000. nVerses Capital LLC bought a new position in Revolve Group in the third quarter valued at about $171,000. Finally, American Century Companies Inc. bought a new position in Revolve Group in the second quarter valued at about $165,000. Institutional investors own 67.60% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on RVLV. Evercore ISI boosted their price target on Revolve Group from $21.00 to $33.00 and gave the stock an “in-line” rating in a report on Wednesday, November 6th. Barclays raised shares of Revolve Group from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $17.00 to $25.00 in a report on Wednesday, November 6th. Roth Mkm reaffirmed a “buy” rating and set a $35.00 price target (up previously from $29.00) on shares of Revolve Group in a research note on Wednesday, November 6th. Robert W. Baird boosted their price objective on shares of Revolve Group from $24.00 to $33.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. Finally, BTIG Research raised their target price on Revolve Group from $30.00 to $35.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $26.19.

Revolve Group Stock Performance

Shares of RVLV stock opened at $34.87 on Friday. Revolve Group, Inc. has a fifty-two week low of $13.24 and a fifty-two week high of $35.28. The stock has a 50 day simple moving average of $27.09 and a two-hundred day simple moving average of $22.12. The company has a market cap of $2.47 billion, a P/E ratio of 62.27, a PEG ratio of 2.10 and a beta of 2.05.

Revolve Group (NYSE:RVLV) last issued its earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.05. Revolve Group had a net margin of 3.72% and a return on equity of 10.17%. The business had revenue of $283.15 million for the quarter, compared to analyst estimates of $271.08 million. During the same period in the prior year, the firm earned $0.04 earnings per share. Revolve Group’s revenue was up 9.9% on a year-over-year basis. On average, research analysts predict that Revolve Group, Inc. will post 0.6 earnings per share for the current year.

Insider Transactions at Revolve Group

In other Revolve Group news, CEO Michael Mente sold 48,346 shares of the firm’s stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $26.32, for a total value of $1,272,466.72. Following the transaction, the chief executive officer now directly owns 73,000 shares of the company’s stock, valued at approximately $1,921,360. This trade represents a 39.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Mmmk Development, Inc. sold 6,493 shares of the business’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $25.92, for a total transaction of $168,298.56. The disclosure for this sale can be found here. Insiders have sold 436,571 shares of company stock valued at $12,890,034 in the last 90 days. 46.56% of the stock is currently owned by corporate insiders.

Revolve Group Company 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.