Revolve Group, Inc. (NYSE:RVLV) Shares Sold by Capstone Investment Advisors LLC

Capstone Investment Advisors LLC cut its stake in shares of Revolve Group, Inc. (NYSE:RVLV - Free Report) by 74.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 9,335 shares of the company's stock after selling 27,378 shares during the period. Capstone Investment Advisors LLC's holdings in Revolve Group were worth $231,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its position in Revolve Group by 0.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 315,213 shares of the company's stock worth $7,811,000 after purchasing an additional 2,963 shares in the last quarter. Navellier & Associates Inc. acquired a new stake in shares of Revolve Group in the third quarter worth $612,000. Intech Investment Management LLC purchased a new position in shares of Revolve Group in the 3rd quarter valued at $241,000. LMR Partners LLP acquired a new position in shares of Revolve Group during the 3rd quarter valued at $228,000. Finally, Thrivent Financial for Lutherans purchased a new stake in Revolve Group during the 3rd quarter worth $1,509,000. 67.60% of the stock is currently owned by institutional investors and hedge funds.

Revolve Group Stock Down 2.3 %

RVLV stock traded down $0.85 during midday trading on Friday, reaching $36.08. The company had a trading volume of 678,090 shares, compared to its average volume of 1,177,251. The stock has a 50 day moving average price of $28.54 and a 200 day moving average price of $22.77. The firm has a market capitalization of $2.55 billion, a PE ratio of 64.43, a P/E/G ratio of 2.28 and a beta of 2.05. Revolve Group, Inc. has a fifty-two week low of $13.24 and a fifty-two week high of $39.03.

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

Insiders Place Their Bets

In related news, CEO Michael Mente sold 71,463 shares of the firm's stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $35.20, for a total transaction of $2,515,497.60. Following the completion of the transaction, the chief executive officer now owns 73,000 shares of the company's stock, valued at $2,569,600. This trade represents a 49.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Mmmk Development, Inc. sold 6,493 shares of the business's stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $25.92, for a total transaction of $168,298.56. The disclosure for this sale can be found here. In the last quarter, insiders sold 581,817 shares of company stock worth $17,870,621. 46.56% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have commented on RVLV shares. UBS Group raised their price objective on Revolve Group from $25.00 to $30.00 and gave the company a "neutral" rating in a research report on Wednesday, November 6th. Piper Sandler raised their target price on Revolve Group from $30.00 to $35.00 and gave the company an "overweight" rating in a report on Wednesday, November 6th. Robert W. Baird upped their price target on Revolve Group from $24.00 to $33.00 and gave the stock a "neutral" rating in a report on Wednesday, November 6th. Morgan Stanley reiterated an "equal weight" rating and set a $26.00 price objective (up previously from $17.00) on shares of Revolve Group in a research note on Monday, October 21st. Finally, Evercore ISI upped their target price on shares of Revolve Group from $21.00 to $33.00 and gave the company an "in-line" rating in a research note on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $26.19.

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.