JPMorgan Chase & Co. Boosts Stake in Revolve Group, Inc. (NYSE:RVLV)

JPMorgan Chase & Co. raised its position in Revolve Group, Inc. (NYSE:RVLV - Free Report) by 83.4% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 349,670 shares of the company's stock after acquiring an additional 158,960 shares during the period. JPMorgan Chase & Co. owned approximately 0.49% of Revolve Group worth $8,665,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Precision Wealth Strategies LLC raised its holdings in shares of Revolve Group by 3.3% in the 3rd quarter. Precision Wealth Strategies LLC now owns 12,741 shares of the company's stock worth $316,000 after acquiring an additional 407 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in Revolve Group by 249.7% during the third quarter. Farther Finance Advisors LLC now owns 1,126 shares of the company's stock worth $28,000 after buying an additional 804 shares in the last quarter. Franklin Resources Inc. raised its position in Revolve Group by 6.9% in the 3rd quarter. Franklin Resources Inc. now owns 27,195 shares of the company's stock valued at $699,000 after buying an additional 1,753 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its stake in shares of Revolve Group by 91.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 4,069 shares of the company's stock worth $65,000 after acquiring an additional 1,940 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Revolve Group by 0.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 315,213 shares of the company's stock worth $7,811,000 after buying an additional 2,963 shares in the last quarter. Institutional investors own 67.60% of the company's stock.

Insider Transactions at Revolve Group

In other news, CFO Jesse Timmermans sold 91,625 shares of the firm's stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $30.72, for a total value of $2,814,720.00. Following the transaction, the chief financial officer now owns 3,054 shares in the company, valued at approximately $93,818.88. This trade represents a 96.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael Mente sold 20,373 shares of the stock in a transaction on Monday, November 4th. The shares were sold at an average price of $25.95, for a total transaction of $528,679.35. Following the sale, the chief executive officer now directly owns 73,000 shares of the company's stock, valued at $1,894,350. The trade was a 21.82 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 982,317 shares of company stock worth $31,650,456. 46.56% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Morgan Stanley reissued an "equal weight" rating and issued a $26.00 price objective (up previously from $17.00) on shares of Revolve Group in a research report on Monday, October 21st. TD Cowen raised their price target on shares of Revolve Group from $28.00 to $34.00 and gave the stock a "buy" rating in a research note on Wednesday, November 6th. UBS Group raised their target price on Revolve Group from $25.00 to $30.00 and gave the stock a "neutral" rating in a research report on Wednesday, November 6th. Piper Sandler upped their price target on Revolve Group from $30.00 to $35.00 and gave the company an "overweight" rating in a research report on Wednesday, November 6th. Finally, Roth Mkm restated a "buy" rating and issued a $35.00 price objective (up from $29.00) on shares of Revolve Group in a research note on Wednesday, November 6th. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Revolve Group presently has an average rating of "Moderate Buy" and a consensus price target of $29.07.

Revolve Group Trading Down 2.7 %

Shares of NYSE:RVLV traded down $0.80 during trading on Tuesday, reaching $28.60. The company had a trading volume of 894,769 shares, compared to its average volume of 1,316,206. The company has a fifty day moving average of $34.15 and a two-hundred day moving average of $26.29. The stock has a market capitalization of $2.02 billion, a P/E ratio of 51.07, a price-to-earnings-growth ratio of 2.34 and a beta of 2.18. Revolve Group, Inc. has a 12 month low of $13.96 and a 12 month high of $39.58.

Revolve Group (NYSE:RVLV - Get Free Report) last released its quarterly earnings results 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. The business had revenue of $283.15 million for the quarter, compared to the consensus estimate of $271.08 million. Revolve Group had a return on equity of 10.17% and a net margin of 3.72%. The company's revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter last year, the business posted $0.04 earnings per share. As a group, equities research analysts predict that Revolve Group, Inc. will post 0.6 earnings per share for the current year.

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.