SG Americas Securities LLC Acquires Shares of 33,367 Revolve Group, Inc. (NYSE:RVLV)

SG Americas Securities LLC purchased a new stake in Revolve Group, Inc. (NYSE:RVLV - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 33,367 shares of the company's stock, valued at approximately $827,000.

Several other hedge funds have also bought and sold shares of the stock. Benjamin F. Edwards & Company Inc. purchased a new stake in Revolve Group in the 1st quarter worth $45,000. Quarry LP purchased a new stake in shares of Revolve Group during the second quarter worth about $68,000. American Century Companies Inc. acquired a new position in shares of Revolve Group during the 2nd quarter worth about $165,000. Pier 88 Investment Partners LLC purchased a new position in Revolve Group in the 2nd quarter valued at about $182,000. Finally, Hsbc Holdings PLC acquired a new stake in Revolve Group in the 2nd quarter worth about $260,000. Hedge funds and other institutional investors own 67.60% of the company's stock.

Wall Street Analysts Forecast Growth

RVLV has been the topic of a number of research analyst reports. Piper Sandler reaffirmed an "overweight" rating and issued a $30.00 price target on shares of Revolve Group in a research note on Friday, August 23rd. Barclays lifted their price target on shares of Revolve Group from $15.00 to $17.00 and gave the company an "underweight" rating in a research report on Wednesday, October 2nd. Evercore ISI boosted their price target on shares of Revolve Group from $20.00 to $21.00 and gave the stock an "in-line" rating in a research note on Wednesday, August 7th. BTIG Research lifted their price objective on shares of Revolve Group from $24.00 to $26.00 and gave the company a "buy" rating in a report on Friday, August 16th. Finally, TD Cowen boosted their target price on shares of Revolve Group from $25.00 to $28.00 and gave the stock a "buy" rating in a research note on Monday, August 26th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, Revolve Group currently has a consensus rating of "Hold" and a consensus price target of $21.63.

Revolve Group Stock Up 1.8 %

Shares of Revolve Group stock traded up $0.46 during trading on Friday, reaching $25.35. The company's stock had a trading volume of 691,095 shares, compared to its average volume of 913,067. The business has a 50 day moving average price of $23.45 and a 200-day moving average price of $20.31. Revolve Group, Inc. has a 12-month low of $12.42 and a 12-month high of $26.14. The company has a market capitalization of $1.79 billion, a P/E ratio of 56.33, a price-to-earnings-growth ratio of 2.41 and a beta of 2.05.

Revolve Group (NYSE:RVLV - Get Free Report) last issued its earnings results on Tuesday, August 6th. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.13 by $0.08. The company had revenue of $282.50 million for the quarter, compared to analyst estimates of $277.06 million. Revolve Group had a net margin of 3.08% and a return on equity of 8.35%. The business's revenue was up 3.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.10 EPS. Research analysts predict that Revolve Group, Inc. will post 0.55 EPS for the current fiscal year.

Insider Buying and Selling at Revolve Group

In other news, major shareholder Mmmk Development, Inc. sold 6,493 shares of the company's stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $25.92, for a total value of $168,298.56. The sale was disclosed in a filing with the SEC, which is available through this link. 46.56% of the stock is currently owned by corporate insiders.

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.