Sei Investments Co. Has $2.81 Million Stock Position in Revolve Group, Inc. (NYSE:RVLV)

Sei Investments Co. grew its stake in Revolve Group, Inc. (NYSE:RVLV - Free Report) by 14.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 176,593 shares of the company's stock after purchasing an additional 21,821 shares during the period. Sei Investments Co. owned about 0.25% of Revolve Group worth $2,810,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in RVLV. Comerica Bank lifted its position in Revolve Group by 12,630.9% in the first quarter. Comerica Bank now owns 179,888 shares of the company's stock worth $3,808,000 after purchasing an additional 178,475 shares during the period. Capstone Investment Advisors LLC bought a new position in shares of Revolve Group during the 1st quarter worth about $1,591,000. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Revolve Group during the 1st quarter valued at about $1,432,000. Silvercrest Asset Management Group LLC increased its stake in Revolve Group by 55.7% in the first quarter. Silvercrest Asset Management Group LLC now owns 376,620 shares of the company's stock valued at $7,973,000 after acquiring an additional 134,775 shares during the period. Finally, XTX Topco Ltd raised its position in Revolve Group by 148.4% in the second quarter. XTX Topco Ltd now owns 39,586 shares of the company's stock worth $630,000 after purchasing an additional 23,652 shares in the last quarter. Institutional investors own 67.60% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on RVLV shares. Wedbush reissued a "neutral" rating and set a $19.00 price objective on shares of Revolve Group in a report on Wednesday, August 7th. Evercore ISI boosted their price target on shares of Revolve Group from $20.00 to $21.00 and gave the company an "in-line" rating in a research report on Wednesday, August 7th. Robert W. Baird upped their price objective on shares of Revolve Group from $23.00 to $24.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 14th. Barclays lifted their target price on shares of Revolve Group from $15.00 to $17.00 and gave the company an "underweight" rating in a research note on Wednesday. Finally, TD Cowen boosted their target price on Revolve Group from $25.00 to $28.00 and gave the stock a "buy" rating in a report on Monday, August 26th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Revolve Group currently has a consensus rating of "Hold" and a consensus price target of $21.63.

Revolve Group Trading Down 0.6 %

Shares of RVLV traded down $0.15 during trading hours on Friday, hitting $24.36. 613,948 shares of the stock traded hands, compared to its average volume of 1,033,621. The business has a fifty day moving average of $22.80 and a 200-day moving average of $20.14. The firm has a market capitalization of $1.72 billion, a PE ratio of 71.65, a price-to-earnings-growth ratio of 2.40 and a beta of 2.04. Revolve Group, Inc. has a 1-year low of $12.42 and a 1-year high of $26.14.

Revolve Group (NYSE:RVLV - Get Free Report) last released its earnings results on Tuesday, August 6th. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.13 by $0.08. Revolve Group had a net margin of 3.08% and a return on equity of 8.35%. The company had revenue of $282.50 million for the quarter, compared to the consensus estimate of $277.06 million. During the same period in the prior year, the company posted $0.10 EPS. The company's revenue was up 3.2% compared to the same quarter last year. As a group, equities research analysts expect that Revolve Group, Inc. will post 0.56 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 46.56% of the stock is owned by insiders.

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.