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

Harbor Capital Advisors Inc. cut its holdings in shares of Revolve Group, Inc. (NYSE:RVLV - Free Report) by 35.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 69,390 shares of the company's stock after selling 37,758 shares during the quarter. Harbor Capital Advisors Inc. owned approximately 0.10% of Revolve Group worth $2,324,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in RVLV. Precision Wealth Strategies LLC grew its position in shares of Revolve Group by 3.3% in the third quarter. Precision Wealth Strategies LLC now owns 12,741 shares of the company's stock valued at $316,000 after purchasing an additional 407 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in Revolve Group by 249.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,126 shares of the company's stock valued at $28,000 after buying an additional 804 shares in the last quarter. Franklin Resources Inc. grew its holdings in Revolve Group by 6.9% during 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 in the last quarter. Benjamin F. Edwards & Company Inc. increased its position 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 valued at $65,000 after buying an additional 1,940 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Revolve Group by 0.9% in the third 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. 67.60% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Michael Mente sold 69,605 shares of the company's stock in a transaction on Friday, January 10th. The shares were sold at an average price of $29.77, for a total transaction of $2,072,140.85. Following the completion of the sale, the chief executive officer now directly owns 73,000 shares in the company, valued at $2,173,210. This represents a 48.81 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Jesse Timmermans sold 91,625 shares of the firm'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 completion of the sale, the chief financial officer now directly owns 3,054 shares in the company, valued at approximately $93,818.88. This trade represents a 96.77 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,018,431 shares of company stock valued at $32,587,614. Insiders own 46.56% of the company's stock.

Revolve Group Trading Down 5.4 %

Shares of RVLV stock traded down $1.67 during trading hours on Friday, hitting $29.24. 1,181,265 shares of the company's stock were exchanged, compared to its average volume of 1,292,738. The company has a market capitalization of $2.07 billion, a PE ratio of 52.21, a PEG 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. The business's 50 day simple moving average is $34.07 and its 200-day simple moving average is $26.19.

Revolve Group (NYSE:RVLV - Get Free Report) last issued its earnings results on Tuesday, November 5th. The company reported $0.15 EPS for the quarter, topping 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 analysts' expectations of $271.08 million. During the same quarter last year, the company earned $0.04 EPS. The firm's revenue was up 9.9% compared to the same quarter last year. Equities analysts anticipate that Revolve Group, Inc. will post 0.6 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently commented on RVLV shares. Piper Sandler boosted their price objective on shares of Revolve Group from $30.00 to $35.00 and gave the company an "overweight" rating in a research note on Wednesday, November 6th. Evercore ISI upped 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. TD Cowen increased their price objective on Revolve Group from $28.00 to $34.00 and gave the stock a "buy" rating in a research report on Wednesday, November 6th. Stifel Nicolaus boosted their target price on Revolve Group from $35.00 to $41.00 and gave the stock a "buy" rating in a research report on Wednesday, December 11th. Finally, Barclays raised Revolve Group from an "underweight" rating to an "equal weight" rating and raised their price target for the company from $17.00 to $25.00 in a report on Wednesday, November 6th. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $29.07.

Revolve Group Company 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.