Revolve Group, Inc. (NYSE:RVLV) Shares Sold by Aviva PLC

Aviva PLC reduced its holdings in Revolve Group, Inc. (NYSE:RVLV – Get Rating) by 37.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 39,161 shares of the company’s stock after selling 23,605 shares during the quarter. Aviva PLC’s holdings in Revolve Group were worth $872,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Essex Investment Management Co. LLC increased its stake in Revolve Group by 12.9% during the third quarter. Essex Investment Management Co. LLC now owns 155,896 shares of the company’s stock worth $3,381,000 after acquiring an additional 17,852 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in Revolve Group by 41.3% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 20,568 shares of the company’s stock worth $446,000 after acquiring an additional 6,014 shares during the last quarter. Logan Capital Management Inc. increased its stake in Revolve Group by 1.8% during the third quarter. Logan Capital Management Inc. now owns 90,616 shares of the company’s stock worth $1,965,000 after acquiring an additional 1,579 shares during the last quarter. Atom Investors LP acquired a new stake in Revolve Group during the third quarter worth about $604,000. Finally, Polen Capital Management LLC increased its stake in Revolve Group by 30.2% during the third quarter. Polen Capital Management LLC now owns 498,621 shares of the company’s stock worth $10,815,000 after acquiring an additional 115,791 shares during the last quarter. 71.64% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have commented on RVLV. Stifel Nicolaus dropped their price target on Revolve Group from $29.00 to $24.00 in a research note on Thursday, May 4th. Credit Suisse Group upped their target price on Revolve Group from $30.00 to $33.00 and gave the stock an “outperform” rating in a research report on Friday, February 24th. BTIG Research decreased their target price on Revolve Group from $35.00 to $27.00 and set a “buy” rating for the company in a research report on Thursday, May 4th. Robert W. Baird decreased their target price on Revolve Group from $33.00 to $25.00 in a research report on Thursday, May 4th. Finally, Raymond James downgraded Revolve Group from an “outperform” rating to a “market perform” rating in a research report on Thursday, May 4th. Two analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $26.06.

Revolve Group Price Performance

Shares of NYSE RVLV opened at $16.55 on Monday. Revolve Group, Inc. has a fifty-two week low of $16.16 and a fifty-two week high of $33.67. The business has a 50 day moving average price of $22.16 and a two-hundred day moving average price of $24.23. The company has a quick ratio of 1.86, a current ratio of 2.85 and a debt-to-equity ratio of 0.10. The firm has a market cap of $1.21 billion, a PE ratio of 24.34, a price-to-earnings-growth ratio of 9.14 and a beta of 2.12.

Revolve Group (NYSE:RVLV – Get Rating) last issued its earnings results on Wednesday, May 3rd. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.15 by $0.04. The company had revenue of $279.60 million during the quarter, compared to analyst estimates of $290.14 million. Revolve Group had a return on equity of 13.42% and a net margin of 4.58%. The business’s revenue was down 1.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.30 EPS. Sell-side analysts expect that Revolve Group, Inc. will post 0.63 earnings per share for the current fiscal year.

Revolve Group Profile

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Revolve Group, Inc engages in the retail of next-generation fashion for millennial and generation Z consumers. It operates through the Revolve and Forward (FWRD) segments. The Revolve segment offers constant newness and discovery through a broad assortment of premium apparel, footwear, accessories and beauty products.