Steward Partners Investment Advisory LLC Sells 6,742 Shares of Revolve Group, Inc. (NYSE:RVLV)

Steward Partners Investment Advisory LLC trimmed its position in shares of Revolve Group, Inc. (NYSE:RVLVGet Rating) by 82.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,484 shares of the company’s stock after selling 6,742 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Revolve Group were worth $80,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. CWM LLC boosted its holdings in Revolve Group by 1,478.9% during the first quarter. CWM LLC now owns 900 shares of the company’s stock valued at $48,000 after acquiring an additional 843 shares during the period. Nisa Investment Advisors LLC boosted its holdings in Revolve Group by 134.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,170 shares of the company’s stock valued at $58,000 after acquiring an additional 670 shares during the period. Focused Wealth Management Inc bought a new stake in Revolve Group during the first quarter valued at about $70,000. Rockefeller Capital Management L.P. boosted its holdings in Revolve Group by 16.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 3,634 shares of the company’s stock valued at $203,000 after acquiring an additional 500 shares during the period. Finally, Spinnaker Investment Group LLC bought a new stake in Revolve Group during the fourth quarter valued at about $217,000. 54.50% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

RVLV has been the subject of a number of recent analyst reports. KeyCorp initiated coverage on shares of Revolve Group in a report on Wednesday, July 20th. They set an “overweight” rating and a $36.00 price target for the company. Wedbush cut their price objective on shares of Revolve Group from $68.00 to $59.00 in a research report on Wednesday, May 4th. Piper Sandler reaffirmed an “overweight” rating and set a $42.00 price objective on shares of Revolve Group in a research report on Friday, July 22nd. BTIG Research cut their price objective on shares of Revolve Group from $66.00 to $50.00 and set a “buy” rating for the company in a research report on Thursday, July 21st. Finally, Robert W. Baird cut their price objective on shares of Revolve Group from $70.00 to $65.00 in a research report on Wednesday, May 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Revolve Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $57.47.

Revolve Group Stock Performance

NYSE:RVLV opened at $29.05 on Wednesday. The firm has a market capitalization of $2.13 billion, a PE ratio of 21.29, a price-to-earnings-growth ratio of 1.82 and a beta of 2.20. The firm has a 50-day moving average price of $28.69 and a 200 day moving average price of $40.73. The company has a quick ratio of 1.57, a current ratio of 2.39 and a debt-to-equity ratio of 0.04. Revolve Group, Inc. has a 12-month low of $24.10 and a 12-month high of $89.60.

Revolve Group (NYSE:RVLVGet Rating) last posted its quarterly earnings data on Tuesday, May 3rd. The company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.05. The company had revenue of $283.50 million during the quarter, compared to analyst estimates of $256.78 million. Revolve Group had a net margin of 10.06% and a return on equity of 33.24%. The company’s revenue was up 58.5% on a year-over-year basis. During the same quarter last year, the business posted $0.30 earnings per share. Research analysts anticipate that Revolve Group, Inc. will post 1.22 earnings per share for the current fiscal year.

About Revolve Group

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Revolve Group, Inc operates as an online fashion retailer for 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. The company offers women's apparel, footwear, accessories, and beauty styles under established and emerging brands, as well as owned brands.

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Institutional Ownership by Quarter for Revolve Group (NYSE:RVLV)

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