91,845 Shares in Revolve Group, Inc. (NYSE:RVLV) Purchased by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC bought a new position in Revolve Group, Inc. (NYSE:RVLV - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 91,845 shares of the company's stock, valued at approximately $2,276,000. Lisanti Capital Growth LLC owned about 0.13% of Revolve Group at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of RVLV. Farther Finance Advisors LLC raised its position 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 purchasing an additional 804 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Revolve Group by 91.1% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 4,069 shares of the company's stock valued at $65,000 after buying an additional 1,940 shares during the period. Quarry LP bought a new stake in shares of Revolve Group in the second quarter worth $68,000. American Century Companies Inc. purchased a new stake in shares of Revolve Group during the 2nd quarter valued at about $165,000. Finally, nVerses Capital LLC purchased a new stake in shares of Revolve Group in the third quarter valued at approximately $171,000. 67.60% of the stock is currently owned by institutional investors and hedge funds.

Revolve Group Stock Performance

Shares of RVLV stock traded up $2.10 during mid-day trading on Monday, reaching $33.57. The company's stock had a trading volume of 920,528 shares, compared to its average volume of 1,012,633. Revolve Group, Inc. has a 1-year low of $12.63 and a 1-year high of $33.90. The company has a market cap of $2.37 billion, a P/E ratio of 59.63, a PEG ratio of 1.99 and a beta of 2.05. The firm's 50-day moving average is $25.04 and its two-hundred day moving average is $21.28.

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

Analysts Set New Price Targets

Several research analysts have recently commented on RVLV shares. Roth Mkm reiterated a "buy" rating and issued a $35.00 target price (up previously from $29.00) on shares of Revolve Group in a research report on Wednesday, November 6th. Piper Sandler boosted their price objective on Revolve Group from $30.00 to $35.00 and gave the company an "overweight" rating in a research note on Wednesday, November 6th. Wedbush reissued a "neutral" rating and issued a $19.00 price target on shares of Revolve Group in a research note on Wednesday, August 7th. Barclays upgraded shares of Revolve Group from an "underweight" rating to an "equal weight" rating and lifted their price target for the company from $17.00 to $25.00 in a report on Wednesday, November 6th. Finally, Morgan Stanley restated an "equal weight" rating and issued a $26.00 target price (up previously from $17.00) on shares of Revolve Group in a research note on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Revolve Group has an average rating of "Hold" and a consensus price target of $26.19.

Insider Buying and Selling at Revolve Group

In other news, CEO Michael Mente sold 200,000 shares of Revolve Group stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $31.43, for a total transaction of $6,286,000.00. Following the sale, the chief executive officer now owns 73,000 shares of the company's stock, valued at approximately $2,294,390. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CEO Michael Mente sold 200,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $31.43, for a total value of $6,286,000.00. Following the sale, the chief executive officer now directly owns 73,000 shares in the company, valued at $2,294,390. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Jesse Timmermans sold 91,625 shares of the business's stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 3,054 shares in the company, valued at approximately $93,818.88. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 436,571 shares of company stock valued at $12,890,034. Company 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.