Thrivent Financial for Lutherans Acquires New Position in Revolve Group, Inc. (NYSE:RVLV)

Thrivent Financial for Lutherans purchased a new position in Revolve Group, Inc. (NYSE:RVLV - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 60,899 shares of the company's stock, valued at approximately $1,509,000. Thrivent Financial for Lutherans owned about 0.09% of Revolve Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Farther Finance Advisors LLC lifted its stake in shares of Revolve Group by 249.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,126 shares of the company's stock worth $28,000 after acquiring an additional 804 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its stake in Revolve Group by 91.1% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,069 shares of the company's stock worth $65,000 after purchasing an additional 1,940 shares during the period. Quarry LP bought a new stake in shares of Revolve Group during the second quarter worth $68,000. American Century Companies Inc. purchased a new stake in shares of Revolve Group during the second quarter valued at $165,000. Finally, nVerses Capital LLC bought a new position in shares of Revolve Group in the third quarter worth about $171,000. Hedge funds and other institutional investors own 67.60% of the company's stock.

Revolve Group Stock Performance

RVLV traded down $0.85 during trading on Friday, reaching $36.08. The company's stock had a trading volume of 678,090 shares, compared to its average volume of 1,177,251. The company's fifty day moving average price is $28.54 and its 200-day moving average price is $22.77. Revolve Group, Inc. has a 52-week low of $13.24 and a 52-week high of $39.03. The company has a market capitalization of $2.55 billion, a price-to-earnings ratio of 64.43, a price-to-earnings-growth ratio of 2.28 and a beta of 2.05.

Revolve Group (NYSE:RVLV - Get Free Report) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.10 by $0.05. Revolve Group had a net margin of 3.72% and a return on equity of 10.17%. The business had revenue of $283.15 million during the quarter, compared to the consensus estimate of $271.08 million. During the same quarter last year, the firm posted $0.04 EPS. The business's revenue was up 9.9% compared to the same quarter last year. Equities analysts predict that Revolve Group, Inc. will post 0.6 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on RVLV. Morgan Stanley reaffirmed an "equal weight" rating and issued a $26.00 price objective (up from $17.00) on shares of Revolve Group in a research note on Monday, October 21st. Piper Sandler upped their price target on shares of Revolve Group from $30.00 to $35.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 6th. Evercore ISI lifted their price objective on shares of Revolve Group from $21.00 to $33.00 and gave the company an "in-line" rating in a report on Wednesday, November 6th. Wedbush restated a "neutral" rating and set a $19.00 target price on shares of Revolve Group in a report on Wednesday, August 7th. Finally, Robert W. Baird increased their target price on Revolve Group from $24.00 to $33.00 and gave the company a "neutral" rating in a research report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Revolve Group has a consensus rating of "Hold" and an average price target of $26.19.

Insider Buying and Selling at Revolve Group

In other Revolve Group news, CFO Jesse Timmermans sold 91,625 shares of the company's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $30.72, for a total value of $2,814,720.00. Following the transaction, the chief financial officer now directly owns 3,054 shares in the company, valued at approximately $93,818.88. This represents a 96.77 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael Mente sold 36,114 shares of the firm's stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $25.95, for a total transaction of $937,158.30. Following the sale, the chief executive officer now owns 73,000 shares in the company, valued at approximately $1,894,350. This trade represents a 33.10 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 581,817 shares of company stock valued at $17,870,621 over the last quarter. Corporate insiders own 46.56% of the company's stock.

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.