Aigen Investment Management LP Sells 15,628 Shares of Revolve Group, Inc. (NYSE:RVLV)

Aigen Investment Management LP trimmed its position in shares of Revolve Group, Inc. (NYSE:RVLV - Free Report) by 61.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,714 shares of the company's stock after selling 15,628 shares during the quarter. Aigen Investment Management LP's holdings in Revolve Group were worth $241,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Comerica Bank increased its holdings in Revolve Group by 12,630.9% during the 1st quarter. Comerica Bank now owns 179,888 shares of the company's stock worth $3,808,000 after purchasing an additional 178,475 shares in the last quarter. Silvercrest Asset Management Group LLC boosted its position in shares of Revolve Group by 55.7% during the first quarter. Silvercrest Asset Management Group LLC now owns 376,620 shares of the company's stock valued at $7,973,000 after buying an additional 134,775 shares during the last quarter. XTX Topco Ltd grew its holdings in Revolve Group by 148.4% during the second quarter. XTX Topco Ltd now owns 39,586 shares of the company's stock worth $630,000 after buying an additional 23,652 shares in the last quarter. Harbor Capital Advisors Inc. raised its position in Revolve Group by 46.1% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 107,148 shares of the company's stock valued at $2,655,000 after buying an additional 33,812 shares during the last quarter. Finally, Lisanti Capital Growth LLC bought a new position in Revolve Group during the 3rd quarter valued at $2,276,000. 67.60% of the stock is currently owned by institutional investors.

Revolve Group Stock Performance

Revolve Group stock traded down $0.62 during midday trading on Friday, reaching $32.89. 752,532 shares of the stock were exchanged, compared to its average volume of 917,772. Revolve Group, Inc. has a 52 week low of $13.24 and a 52 week high of $35.20. The firm has a market cap of $2.32 billion, a PE ratio of 58.73, a PEG ratio of 2.08 and a beta of 2.05. The company's fifty day moving average is $26.20 and its 200-day moving average is $21.77.

Revolve Group (NYSE:RVLV - Get Free Report) last released its quarterly earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.05. The firm had revenue of $283.15 million for the quarter, compared to analysts' expectations of $271.08 million. Revolve Group had a net margin of 3.72% and a return on equity of 10.17%. The business's quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.04 earnings per share. On average, sell-side analysts anticipate that Revolve Group, Inc. will post 0.6 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have issued reports on RVLV. Wedbush reaffirmed a "neutral" rating and issued a $19.00 price objective on shares of Revolve Group in a research report on Wednesday, August 7th. BTIG Research upped their target price on Revolve Group from $30.00 to $35.00 and gave the company a "buy" rating in a report on Wednesday, November 6th. Morgan Stanley reiterated an "equal weight" rating and set a $26.00 price target (up from $17.00) on shares of Revolve Group in a report on Monday, October 21st. Barclays upgraded Revolve Group from an "underweight" rating to an "equal weight" rating and upped their price objective for the company from $17.00 to $25.00 in a research note on Wednesday, November 6th. Finally, Piper Sandler lifted their target price on Revolve Group from $30.00 to $35.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $26.19.

Insiders Place Their Bets

In related news, CFO Jesse Timmermans sold 91,625 shares of the company's stock in a transaction on 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 completion of the transaction, the chief financial officer now directly owns 3,054 shares in the company, valued at approximately $93,818.88. The trade was a 96.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Mmmk Development, Inc. sold 6,493 shares of the firm's stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $25.92, for a total value of $168,298.56. The disclosure for this sale can be found here. Insiders have sold 436,571 shares of company stock worth $12,890,034 in the last ninety days. 46.56% of the stock is currently owned by insiders.

Revolve Group Company 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.