Revolve Group, Inc. (NYSE:RVLV) Stock Position Raised by Geode Capital Management LLC

Geode Capital Management LLC lifted its position in Revolve Group, Inc. (NYSE:RVLV) by 0.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 861,648 shares of the company’s stock after buying an additional 974 shares during the quarter. Geode Capital Management LLC’s holdings in Revolve Group were worth $21,356,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Marshall Wace LLP raised its holdings in Revolve Group by 141.2% during the second quarter. Marshall Wace LLP now owns 478,623 shares of the company’s stock valued at $7,615,000 after buying an additional 280,151 shares in the last quarter. Polar Asset Management Partners Inc. acquired a new position in shares of Revolve Group during the 3rd quarter valued at about $3,982,000. Millennium Management LLC raised its stake in shares of Revolve Group by 68.1% in the 2nd quarter. Millennium Management LLC now owns 342,084 shares of the company’s stock valued at $5,443,000 after acquiring an additional 138,600 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Revolve Group by 22.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 683,101 shares of the company’s stock valued at $10,867,000 after acquiring an additional 123,745 shares in the last quarter. Finally, Lisanti Capital Growth LLC acquired a new stake in Revolve Group in the 3rd quarter worth approximately $2,276,000. Institutional investors and hedge funds own 67.60% of the company’s stock.

Insider Buying and Selling

In related news, CEO Michael Mente sold 62,441 shares of the business’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of $34.20, for a total value of $2,135,482.20. Following the sale, the chief executive officer now owns 73,000 shares of the company’s stock, valued at $2,496,600. The trade was a 46.10 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Mmmk Development, Inc. sold 33,164 shares of the stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $26.26, for a total value of $870,886.64. The disclosure for this sale can be found here. Insiders sold 902,839 shares of company stock valued at $29,112,870 over the last quarter. Corporate insiders own 46.56% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the company. Piper Sandler increased their price target on Revolve Group from $30.00 to $35.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. BTIG Research raised their target price on shares of Revolve Group from $30.00 to $35.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. TD Cowen boosted their target price on shares of Revolve Group from $28.00 to $34.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Roth Mkm reaffirmed a “buy” rating and issued a $35.00 price target (up from $29.00) on shares of Revolve Group in a research report on Wednesday, November 6th. Finally, Evercore ISI lifted their price objective on Revolve Group from $21.00 to $33.00 and gave the stock an “in-line” rating in a research note 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 company. According to data from MarketBeat.com, Revolve Group has a consensus rating of “Hold” and a consensus price target of $27.25.

Revolve Group Trading Up 1.6 %

RVLV opened at $33.58 on Friday. The stock has a market cap of $2.38 billion, a PE ratio of 59.96, a P/E/G ratio of 2.34 and a beta of 2.19. Revolve Group, Inc. has a 1 year low of $13.96 and a 1 year high of $39.58. The stock’s 50 day simple moving average is $32.71 and its 200-day simple moving average is $25.01.

Revolve Group (NYSE:RVLV) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.05. The firm had revenue of $283.15 million for the quarter, compared to analyst estimates of $271.08 million. Revolve Group had a net margin of 3.72% and a return on equity of 10.17%. The business’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.04 EPS. Equities analysts forecast 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.