Revolve Group, Inc. (NYSE:RVLV) Stock Holdings Trimmed by Voya Investment Management LLC

Voya Investment Management LLC decreased its holdings in Revolve Group, Inc. (NYSE:RVLV) by 8.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,802 shares of the company’s stock after selling 1,020 shares during the quarter. Voya Investment Management LLC’s holdings in Revolve Group were worth $395,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of RVLV. Venturi Wealth Management LLC grew its position in Revolve Group by 1,302.1% in the 4th quarter. Venturi Wealth Management LLC now owns 1,346 shares of the company’s stock valued at $45,000 after buying an additional 1,250 shares in the last quarter. Sugar Maple Asset Management LLC bought a new position in shares of Revolve Group in the fourth quarter valued at approximately $50,000. Northwest & Ethical Investments L.P. acquired a new position in shares of Revolve Group during the fourth quarter valued at approximately $87,000. Harvest Fund Management Co. Ltd bought a new stake in Revolve Group during the fourth quarter worth approximately $117,000. Finally, AlphaQuest LLC lifted its position in Revolve Group by 7.7% in the fourth quarter. AlphaQuest LLC now owns 5,535 shares of the company’s stock worth $185,000 after purchasing an additional 396 shares during the period. 67.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Piper Sandler lowered their price target on Revolve Group from $35.00 to $22.00 and set an “overweight” rating on the stock in a research report on Friday, April 11th. Stifel Nicolaus lowered their target price on Revolve Group from $40.00 to $28.00 and set a “buy” rating on the stock in a report on Thursday, April 10th. Raymond James dropped their price target on shares of Revolve Group from $25.00 to $21.00 and set an “outperform” rating on the stock in a research report on Wednesday. UBS Group reduced their price objective on shares of Revolve Group from $22.00 to $19.00 and set a “neutral” rating for the company in a research report on Wednesday. Finally, Barclays reissued a “reduce” rating on shares of Revolve Group in a research note on Wednesday. One research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Revolve Group has a consensus rating of “Moderate Buy” and a consensus price target of $26.00.

Revolve Group Price Performance

NYSE:RVLV opened at $17.74 on Friday. The stock’s 50-day moving average is $20.96 and its two-hundred day moving average is $27.98. The stock has a market cap of $1.26 billion, a PE ratio of 31.68, a price-to-earnings-growth ratio of 1.48 and a beta of 2.10. Revolve Group, Inc. has a fifty-two week low of $14.87 and a fifty-two week high of $39.58.

Revolve Group (NYSE:RVLV) last announced its quarterly earnings results 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. The business had revenue of $296.71 million during the quarter, compared to analyst estimates of $297.56 million. Revolve Group had a return on equity of 10.17% and a net margin of 3.72%. The firm’s revenue was up 9.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.15 EPS. On average, equities research analysts anticipate 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 Karanikolas sold 12,566 shares of the business’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $25.94, for a total transaction of $325,962.04. Following the completion of the transaction, the chief executive officer now owns 123,000 shares of the company’s stock, valued at $3,190,620. The trade was a 9.27 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael Mente sold 67,118 shares of the firm’s stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $30.91, for a total value of $2,074,617.38. Following the completion of the sale, the chief executive officer now directly owns 73,000 shares in the company, valued at approximately $2,256,430. This represents a 47.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 145,406 shares of company stock worth $4,378,812. 43.82% of the stock is owned by insiders.

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.