BNP Paribas Financial Markets Trims Stock Position in Revolve Group, Inc. (NYSE:RVLV)

BNP Paribas Financial Markets trimmed its stake in shares of Revolve Group, Inc. (NYSE:RVLV - Free Report) by 44.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 104,513 shares of the company's stock after selling 82,875 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.15% of Revolve Group worth $2,590,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. XTX Topco Ltd grew its stake in shares of Revolve Group by 148.4% in the 2nd quarter. XTX Topco Ltd now owns 39,586 shares of the company's stock worth $630,000 after buying an additional 23,652 shares during the last quarter. Harbor Capital Advisors Inc. increased its holdings in shares of Revolve Group by 46.1% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 107,148 shares of the company's stock worth $2,655,000 after purchasing an additional 33,812 shares in the last quarter. Lisanti Capital Growth LLC bought a new position in shares of Revolve Group during the third quarter valued at $2,276,000. Farther Finance Advisors LLC increased its holdings in Revolve Group by 249.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,126 shares of the company's stock worth $28,000 after buying an additional 804 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in Revolve Group during the 3rd quarter valued at about $827,000. Institutional investors own 67.60% of the company's stock.

Revolve Group Price Performance

Revolve Group stock traded up $1.00 during midday trading on Friday, reaching $37.17. The company's stock had a trading volume of 942,624 shares, compared to its average volume of 1,037,544. Revolve Group, Inc. has a 52-week low of $13.76 and a 52-week high of $39.03. The stock has a market capitalization of $2.63 billion, a P/E ratio of 66.36, a PEG ratio of 2.25 and a beta of 2.19. The stock's 50-day simple moving average is $29.62 and its 200-day simple moving average is $23.25.

Revolve Group (NYSE:RVLV - Get Free Report) last issued 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 company had revenue of $283.15 million for the quarter, compared to the consensus estimate of $271.08 million. Revolve Group had a net margin of 3.72% and a return on equity of 10.17%. Revolve Group's quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.04 EPS. As a group, equities research analysts expect that Revolve Group, Inc. will post 0.6 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have issued reports on RVLV. Barclays raised Revolve Group from an "underweight" rating to an "equal weight" rating and raised their target price for the stock from $17.00 to $25.00 in a research report on Wednesday, November 6th. Roth Mkm restated a "buy" rating and set a $35.00 target price (up previously from $29.00) on shares of Revolve Group in a research note on Wednesday, November 6th. UBS Group raised their price target on Revolve Group from $25.00 to $30.00 and gave the company a "neutral" rating in a report on Wednesday, November 6th. BTIG Research upped their price objective on Revolve Group from $30.00 to $35.00 and gave the stock a "buy" rating in a research note on Wednesday, November 6th. Finally, Evercore ISI upped their target price on shares of Revolve Group from $21.00 to $33.00 and gave the stock an "in-line" rating in a research report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $26.19.

Insiders Place Their Bets

In other news, major shareholder Mmmk Development, Inc. sold 6,493 shares of the business's stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $25.92, for a total value of $168,298.56. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Michael Mente sold 200,000 shares of Revolve Group stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $31.43, for a total transaction of $6,286,000.00. Following the completion of the sale, the chief executive officer now owns 73,000 shares of the company's stock, valued at $2,294,390. This trade represents a 73.26 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 770,512 shares of company stock worth $24,534,363. 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.