Dynamic Technology Lab Private Ltd Sells 30,346 Shares of Revolve Group, Inc. (NYSE:RVLV)

Dynamic Technology Lab Private Ltd trimmed its position in Revolve Group, Inc. (NYSE:RVLV - Free Report) by 36.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,179 shares of the company's stock after selling 30,346 shares during the quarter. Dynamic Technology Lab Private Ltd owned approximately 0.08% of Revolve Group worth $1,318,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Farther Finance Advisors LLC boosted its holdings in shares of Revolve Group by 249.7% in 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 during the period. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Revolve Group by 91.1% during the second 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 period. Quarry LP acquired a new stake in shares of Revolve Group during the second quarter worth approximately $68,000. American Century Companies Inc. acquired a new stake in shares of Revolve Group during the second quarter worth approximately $165,000. Finally, nVerses Capital LLC acquired a new stake in shares of Revolve Group during the third quarter worth approximately $171,000. 67.60% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

RVLV has been the subject of several research reports. Roth Mkm restated a "buy" rating and set a $35.00 price target (up from $29.00) on shares of Revolve Group in a report on Wednesday, November 6th. Robert W. Baird raised their price target on shares of Revolve Group from $24.00 to $33.00 and gave the stock a "neutral" rating in a report on Wednesday, November 6th. BTIG Research raised their price target on shares of Revolve Group from $30.00 to $35.00 and gave the stock a "buy" rating in a report on Wednesday, November 6th. Evercore ISI raised their price target on shares of Revolve Group from $21.00 to $33.00 and gave the stock an "in-line" rating in a report on Wednesday, November 6th. Finally, Wedbush restated a "neutral" rating and set a $19.00 price target on shares of Revolve Group in a report on Wednesday, August 7th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Revolve Group presently has an average rating of "Hold" and a consensus price target of $26.19.

Revolve Group Stock Up 2.2 %

NYSE:RVLV opened at $38.80 on Wednesday. Revolve Group, Inc. has a 12 month low of $13.24 and a 12 month high of $39.03. The firm has a market cap of $2.75 billion, a price-to-earnings ratio of 69.29, a P/E/G ratio of 2.40 and a beta of 2.05. The company's 50 day moving average is $27.58 and its 200-day moving average is $22.35.

Revolve Group (NYSE:RVLV - Get Free Report) last released its quarterly earnings results on Tuesday, November 5th. The company reported $0.15 EPS for the quarter, beating analysts' consensus estimates of $0.10 by $0.05. Revolve Group had a net margin of 3.72% and a return on equity of 10.17%. The company had revenue of $283.15 million for the quarter, compared to analyst estimates of $271.08 million. During the same quarter last year, the firm posted $0.04 earnings per share. The company's quarterly revenue was up 9.9% compared to the same quarter last year. Research analysts predict that Revolve Group, Inc. will post 0.6 EPS for the current fiscal year.

Insider Activity

In related news, CEO Michael Mente sold 71,463 shares of the business's stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $35.20, for a total transaction of $2,515,497.60. Following the transaction, the chief executive officer now owns 73,000 shares of the company's stock, valued at approximately $2,569,600. The trade was a 49.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Jesse Timmermans sold 91,625 shares of the business's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $30.72, for a total transaction of $2,814,720.00. Following the transaction, the chief financial officer now directly owns 3,054 shares in the company, valued at $93,818.88. This trade represents a 96.77 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 581,817 shares of company stock valued at $17,870,621 over the last 90 days. 46.56% of the stock is currently owned by company 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.