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 have also recently added to or reduced their stakes in the company. Spire Wealth Management increased its stake in Revolve Group by 33.6% in the third quarter. Spire Wealth Management now owns 2,031 shares of the company’s stock valued at $44,000 after purchasing an additional 511 shares during the last quarter. Point72 Hong Kong Ltd acquired a new stake in Revolve Group during the third quarter worth about $126,000. Great West Life Assurance Co. Can acquired a new stake in Revolve Group during the third quarter worth about $132,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Revolve Group by 18.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,975 shares of the company’s stock worth $155,000 after acquiring an additional 1,062 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in Revolve Group by 55.0% during the first quarter. PNC Financial Services Group Inc. now owns 3,052 shares of the company’s stock worth $163,000 after acquiring an additional 1,083 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. Credit Suisse Group upped their price target on Revolve Group from $30.00 to $33.00 and gave the stock an “outperform” rating in a research note on Friday, February 24th. Stifel Nicolaus dropped their price target on Revolve Group from $29.00 to $24.00 in a research note on Thursday, May 4th. Wedbush dropped their price target on Revolve Group from $27.00 to $19.00 in a research note on Thursday, May 4th. BMO Capital Markets decreased their target price on Revolve Group from $22.00 to $17.00 in a research report on Thursday, May 4th. Finally, KeyCorp decreased their target price on Revolve Group from $30.00 to $24.00 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

(Get Rating)

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.