Navellier & Associates Inc. Purchases Shares of 24,703 Revolve Group, Inc. (NYSE:RVLV)

Navellier & Associates Inc. bought a new position in shares of Revolve Group, Inc. (NYSE:RVLV - Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 24,703 shares of the company's stock, valued at approximately $612,000.

A number of other large investors have also added to or reduced their stakes in RVLV. Dimensional Fund Advisors LP grew its holdings 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 in the last quarter. Marshall Wace LLP increased its position in Revolve Group by 141.2% during the second quarter. Marshall Wace LLP now owns 478,623 shares of the company's stock worth $7,615,000 after acquiring an additional 280,151 shares during the period. Silvercrest Asset Management Group LLC raised its stake in Revolve Group by 55.7% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 376,620 shares of the company's stock worth $7,973,000 after purchasing an additional 134,775 shares in the last quarter. Millennium Management LLC boosted its holdings in Revolve Group by 68.1% in the 2nd quarter. Millennium Management LLC now owns 342,084 shares of the company's stock valued at $5,443,000 after purchasing an additional 138,600 shares during the period. Finally, Comerica Bank grew its position in shares of 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. Institutional investors own 67.60% of the company's stock.

Revolve Group Stock Performance

Shares of NYSE:RVLV traded up $0.17 during midday trading on Friday, hitting $34.99. 1,009,467 shares of the stock were exchanged, compared to its average volume of 1,008,381. The business's 50-day moving average price is $27.30 and its 200 day moving average price is $22.22. The stock has a market capitalization of $2.48 billion, a price-to-earnings ratio of 62.48, a P/E/G ratio of 2.10 and a beta of 2.05. Revolve Group, Inc. has a 12 month low of $13.24 and a 12 month high of $35.86.

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 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 the consensus estimate of $271.08 million. During the same period in the prior year, the business posted $0.04 earnings per share. Revolve Group's quarterly revenue was up 9.9% on a year-over-year basis. As a group, sell-side analysts expect that Revolve Group, Inc. will post 0.6 EPS for the current year.

Insider Buying and Selling

In related news, CEO Michael Mente sold 71,463 shares of the firm's stock in a transaction that occurred on 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 sale, 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 disclosure for this sale can be found here. Insiders have sold a total of 581,817 shares of company stock valued at $17,870,621 over the last ninety days. 46.56% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on RVLV shares. Evercore ISI increased their price target on Revolve Group from $21.00 to $33.00 and gave the stock an "in-line" rating in a research report on Wednesday, November 6th. BTIG Research raised their price target on Revolve Group from $30.00 to $35.00 and gave the stock a "buy" rating in a research report on Wednesday, November 6th. Wedbush reiterated a "neutral" rating and set a $19.00 price objective on shares of Revolve Group in a research note on Wednesday, August 7th. Morgan Stanley restated an "equal weight" rating and issued a $26.00 target price (up from $17.00) on shares of Revolve Group in a research report on Monday, October 21st. Finally, TD Cowen increased their price target 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. 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 data from MarketBeat, Revolve Group currently has a consensus rating of "Hold" and an average target price of $26.19.

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.