Barclays PLC Has $2.12 Million Stock Holdings in Revolve Group, Inc. (NYSE:RVLV)

Barclays PLC grew its holdings in Revolve Group, Inc. (NYSE:RVLV - Free Report) by 156.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 85,613 shares of the company's stock after purchasing an additional 52,257 shares during the period. Barclays PLC owned about 0.12% of Revolve Group worth $2,122,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in RVLV. Dimensional Fund Advisors LP increased its stake in Revolve Group by 22.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 683,101 shares of the company's stock valued at $10,867,000 after buying an additional 123,745 shares during the period. Marshall Wace LLP grew its holdings in shares of Revolve Group by 141.2% during the 2nd quarter. Marshall Wace LLP now owns 478,623 shares of the company's stock valued at $7,615,000 after acquiring an additional 280,151 shares in the last quarter. Millennium Management LLC increased its stake in shares of Revolve Group by 68.1% in the second quarter. Millennium Management LLC now owns 342,084 shares of the company's stock worth $5,443,000 after acquiring an additional 138,600 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Revolve Group by 0.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 315,213 shares of the company's stock worth $7,811,000 after acquiring an additional 2,963 shares in the last quarter. Finally, Sei Investments Co. boosted its position in Revolve Group by 14.1% during the second quarter. Sei Investments Co. now owns 176,593 shares of the company's stock valued at $2,810,000 after purchasing an additional 21,821 shares during the last quarter. 67.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Stifel Nicolaus upped their target price on Revolve Group from $35.00 to $41.00 and gave the stock a "buy" rating in a research report on Wednesday, December 11th. Barclays raised Revolve Group from an "underweight" rating to an "equal weight" rating and boosted their price target for the company from $17.00 to $25.00 in a research note on Wednesday, November 6th. Evercore ISI raised their price objective on shares of Revolve Group from $21.00 to $33.00 and gave the company an "in-line" rating in a research report on Wednesday, November 6th. TD Cowen boosted their target price on shares of Revolve Group from $28.00 to $34.00 and gave the stock a "buy" rating in a research report on Wednesday, November 6th. Finally, Roth Mkm restated a "buy" rating and set a $35.00 price target (up previously from $29.00) on shares of Revolve Group in a report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, Revolve Group presently has an average rating of "Hold" and an average target price of $27.25.

Revolve Group Trading Up 1.6 %

NYSE:RVLV traded up $0.52 during mid-day trading on Friday, hitting $33.58. 717,818 shares of the company's stock traded hands, compared to its average volume of 1,011,909. The firm has a market capitalization of $2.38 billion, a price-to-earnings ratio of 59.96, a price-to-earnings-growth ratio of 2.34 and a beta of 2.19. The firm has a 50 day moving average of $32.71 and a two-hundred day moving average of $24.96. Revolve Group, Inc. has a 12 month low of $13.96 and a 12 month high of $39.58.

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

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 that occurred on Wednesday, November 6th. The stock was 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 owns 3,054 shares of the company's stock, valued at $93,818.88. This represents a 96.77 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Mmmk Development, Inc. sold 33,164 shares of Revolve Group stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $26.26, for a total value of $870,886.64. The disclosure for this sale can be found here. Insiders sold a total of 902,839 shares of company stock valued at $29,112,870 in the last ninety days. Company insiders own 46.56% of the company's stock.

About Revolve Group

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.