Harbor Capital Advisors Inc. Grows Stock Position in Revolve Group, Inc. (NYSE:RVLV)

Harbor Capital Advisors Inc. raised its position in Revolve Group, Inc. (NYSE:RVLV - Free Report) by 46.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 107,148 shares of the company's stock after acquiring an additional 33,812 shares during the period. Harbor Capital Advisors Inc. owned approximately 0.15% of Revolve Group worth $2,655,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Farther Finance Advisors LLC increased its holdings in shares of Revolve Group by 249.7% during the third quarter. Farther Finance Advisors LLC now owns 1,126 shares of the company's stock valued at $28,000 after acquiring an additional 804 shares in the last quarter. Benjamin F. Edwards & Company Inc. grew its position in Revolve Group by 91.1% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 4,069 shares of the company's stock worth $65,000 after purchasing an additional 1,940 shares during the last quarter. Quarry LP acquired a new position in Revolve Group during the 2nd quarter valued at approximately $68,000. American Century Companies Inc. purchased a new position in shares of Revolve Group in the second quarter worth $165,000. Finally, nVerses Capital LLC acquired a new stake in shares of Revolve Group during the third quarter worth $171,000. 67.60% of the stock is owned by hedge funds and other institutional investors.

Revolve Group Stock Up 3.0 %

Shares of RVLV stock traded up $0.76 during mid-day trading on Tuesday, hitting $26.03. 1,304,046 shares of the stock were exchanged, compared to its average volume of 997,044. Revolve Group, Inc. has a 52-week low of $12.63 and a 52-week high of $26.72. The company has a market cap of $1.84 billion, a PE ratio of 57.84, a price-to-earnings-growth ratio of 2.40 and a beta of 2.05. The firm has a fifty day moving average of $24.41 and a 200 day moving average of $20.96.

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

Insider Transactions at Revolve Group

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 shares were sold at an average price of $25.92, for a total transaction of $168,298.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Michael Mente sold 36,114 shares of the company's stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $25.95, for a total transaction of $937,158.30. Following the completion of the sale, the chief executive officer now owns 73,000 shares of the company's stock, valued at $1,894,350. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Mmmk Development, Inc. sold 6,493 shares of the firm'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 disclosure for this sale can be found here. Insiders sold a total of 124,573 shares of company stock valued at $3,260,634 in the last three months. 46.56% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on RVLV shares. BTIG Research raised their target price on Revolve Group from $24.00 to $26.00 and gave the stock a "buy" rating in a research note on Friday, August 16th. Robert W. Baird raised their price objective on Revolve Group from $23.00 to $24.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 14th. Morgan Stanley reaffirmed an "equal weight" rating and set a $26.00 target price (up previously from $17.00) on shares of Revolve Group in a report on Monday, October 21st. TD Cowen increased their price target on shares of Revolve Group from $25.00 to $28.00 and gave the stock a "buy" rating in a report on Monday, August 26th. Finally, Evercore ISI lifted their price objective on shares of Revolve Group from $20.00 to $21.00 and gave the company an "in-line" rating in a research note on Wednesday, August 7th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $22.44.

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.