Stephens Investment Management Group LLC Sells 156,429 Shares of Revolve Group, Inc. (NYSE:RVLV)

Stephens Investment Management Group LLC lowered its position in shares of Revolve Group, Inc. (NYSE:RVLV - Free Report) by 19.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 629,909 shares of the company's stock after selling 156,429 shares during the period. Stephens Investment Management Group LLC owned 0.89% of Revolve Group worth $15,609,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Precision Wealth Strategies LLC grew its holdings in shares of Revolve Group by 3.3% during the 3rd quarter. Precision Wealth Strategies LLC now owns 12,741 shares of the company's stock worth $316,000 after purchasing an additional 407 shares in the last quarter. US Bancorp DE grew its stake in Revolve Group by 1.8% during the first quarter. US Bancorp DE now owns 39,255 shares of the company's stock worth $831,000 after buying an additional 677 shares in the last quarter. Essex Investment Management Co. LLC grew its stake in Revolve Group by 0.7% during the first quarter. Essex Investment Management Co. LLC now owns 115,035 shares of the company's stock worth $2,435,000 after buying an additional 767 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Revolve Group by 4.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 26,498 shares of the company's stock valued at $561,000 after buying an additional 1,227 shares during the period. Finally, Versor Investments LP raised its position in shares of Revolve Group by 9.0% in the 2nd quarter. Versor Investments LP now owns 16,953 shares of the company's stock valued at $270,000 after buying an additional 1,405 shares in the last quarter. 67.60% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Revolve Group

In other news, CEO Michael Mente sold 48,346 shares of the business's stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $26.32, for a total value of $1,272,466.72. Following the transaction, the chief executive officer now owns 73,000 shares in the company, valued at $1,921,360. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Michael Mente sold 48,346 shares of the firm's stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $26.32, for a total transaction of $1,272,466.72. Following the completion of the sale, the chief executive officer now directly owns 73,000 shares of the company's stock, valued at $1,921,360. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Mmmk Development, Inc. sold 33,164 shares of the business's stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $26.26, for a total transaction of $870,886.64. The disclosure for this sale can be found here. Insiders have sold 124,573 shares of company stock valued at $3,260,634 over the last ninety days. Corporate insiders own 46.56% of the company's stock.

Revolve Group Trading Up 0.6 %

Shares of RVLV traded up $0.14 during trading hours on Friday, reaching $24.96. The stock had a trading volume of 779,908 shares, compared to its average volume of 610,124. The firm has a 50-day simple moving average of $24.38 and a 200 day simple moving average of $20.89. Revolve Group, Inc. has a 12 month low of $12.42 and a 12 month high of $26.72. The company has a market capitalization of $1.76 billion, a price-to-earnings ratio of 55.47, a P/E/G ratio of 2.39 and a beta of 2.05.

Revolve Group (NYSE:RVLV - Get Free Report) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.08. The business had revenue of $282.50 million for the quarter, compared to analysts' expectations of $277.06 million. Revolve Group had a net margin of 3.08% and a return on equity of 8.35%. The firm's revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.10 EPS. On average, equities analysts forecast that Revolve Group, Inc. will post 0.56 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on RVLV shares. Evercore ISI boosted their price target on Revolve Group from $20.00 to $21.00 and gave the stock an "in-line" rating in a report on Wednesday, August 7th. Roth Mkm boosted their target price on Revolve Group from $26.00 to $29.00 and gave the stock a "buy" rating in a research note on Wednesday. Morgan Stanley restated an "equal weight" rating and issued a $26.00 price target (up from $17.00) on shares of Revolve Group in a research note on Monday, October 21st. BTIG Research upped their price objective on shares of Revolve Group from $24.00 to $26.00 and gave the stock a "buy" rating in a research report on Friday, August 16th. Finally, UBS Group raised their target price on shares of Revolve Group from $21.00 to $25.00 and gave the company a "neutral" rating in a research report on Thursday, October 17th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, Revolve Group presently has a consensus rating of "Hold" and a consensus price target of $22.44.

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.