Revolve Group, Inc. (NYSE:RVLV) Shares Sold by Miracle Mile Advisors LLC

Miracle Mile Advisors LLC lessened its holdings in shares of Revolve Group, Inc. (NYSE:RVLV) by 59.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 28,908 shares of the company’s stock after selling 42,527 shares during the period. Miracle Mile Advisors LLC’s holdings in Revolve Group were worth $621,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. AlphaQuest LLC grew its holdings in shares of Revolve Group by 7.7% during the fourth quarter. AlphaQuest LLC now owns 5,535 shares of the company’s stock valued at $185,000 after purchasing an additional 396 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Revolve Group by 3.2% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,809 shares of the company’s stock worth $730,000 after buying an additional 668 shares during the last quarter. Navellier & Associates Inc. grew its stake in Revolve Group by 4.1% during the 4th quarter. Navellier & Associates Inc. now owns 25,711 shares of the company’s stock worth $861,000 after buying an additional 1,008 shares during the last quarter. Venturi Wealth Management LLC increased its position in Revolve Group by 1,302.1% in the fourth quarter. Venturi Wealth Management LLC now owns 1,346 shares of the company’s stock worth $45,000 after buying an additional 1,250 shares during the period. Finally, Ameriprise Financial Inc. lifted its stake in Revolve Group by 15.5% in the fourth quarter. Ameriprise Financial Inc. now owns 10,190 shares of the company’s stock valued at $341,000 after buying an additional 1,364 shares during the last quarter. Institutional investors own 67.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on RVLV shares. BMO Capital Markets increased their price objective on shares of Revolve Group from $15.00 to $19.00 and gave the stock a “market perform” rating in a report on Wednesday, February 26th. Cowen reiterated a “buy” rating on shares of Revolve Group in a research report on Friday. Robert W. Baird upped their price objective on Revolve Group from $23.00 to $25.00 and gave the company a “neutral” rating in a report on Friday, June 6th. Raymond James lowered their target price on Revolve Group from $25.00 to $21.00 and set an “outperform” rating on the stock in a report on Wednesday, May 7th. Finally, Roth Mkm reiterated a “buy” rating and issued a $36.00 price target (up from $35.00) on shares of Revolve Group in a research report on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $26.20.

Revolve Group Stock Performance

Shares of NYSE:RVLV opened at $21.77 on Wednesday. The firm has a 50 day simple moving average of $20.10 and a 200 day simple moving average of $26.55. Revolve Group, Inc. has a 52 week low of $14.87 and a 52 week high of $39.58. The company has a market cap of $1.55 billion, a PE ratio of 38.88, a price-to-earnings-growth ratio of 1.48 and a beta of 2.02.

Revolve Group (NYSE:RVLV) last released its earnings results on Tuesday, May 6th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.03. The company 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 company’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.15 earnings per share. On average, equities analysts predict that Revolve Group, Inc. will post 0.6 earnings per share for the current 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.