State Street Corp Has $27.84 Million Stock Holdings in Revolve Group, Inc. (NYSE:RVLV)

State Street Corp lessened its stake in shares of Revolve Group, Inc. (NYSE:RVLV - Free Report) by 6.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,123,289 shares of the company's stock after selling 79,959 shares during the quarter. State Street Corp owned 1.59% of Revolve Group worth $27,835,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of RVLV. XTX Topco Ltd boosted its position in Revolve Group by 148.4% in the second quarter. XTX Topco Ltd now owns 39,586 shares of the company's stock valued at $630,000 after buying an additional 23,652 shares in the last quarter. Harbor Capital Advisors Inc. raised its stake in shares of Revolve Group by 46.1% in the third quarter. Harbor Capital Advisors Inc. now owns 107,148 shares of the company's stock valued at $2,655,000 after acquiring an additional 33,812 shares during the last quarter. Lisanti Capital Growth LLC acquired a new position in shares of Revolve Group in the 3rd quarter worth approximately $2,276,000. Farther Finance Advisors LLC grew its position in Revolve Group by 249.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,126 shares of the company's stock worth $28,000 after acquiring an additional 804 shares during the last quarter. Finally, Thrivent Financial for Lutherans acquired a new stake in Revolve Group during the 3rd quarter valued at $1,509,000. Institutional investors and hedge funds own 67.60% of the company's stock.

Revolve Group Price Performance

Shares of Revolve Group stock traded down $0.45 during trading on Monday, hitting $33.65. 541,374 shares of the company were exchanged, compared to its average volume of 1,018,025. The firm has a market capitalization of $2.38 billion, a P/E ratio of 60.09, a price-to-earnings-growth ratio of 2.34 and a beta of 2.19. The firm's fifty day moving average price is $31.96 and its 200 day moving average price is $24.51. Revolve Group, Inc. has a 1-year low of $13.96 and a 1-year high of $39.58.

Revolve Group (NYSE:RVLV - Get Free Report) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.10 by $0.05. The firm had revenue of $283.15 million during the quarter, compared to analysts' expectations of $271.08 million. Revolve Group had a net margin of 3.72% and a return on equity of 10.17%. The business's revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.04 earnings per share. As a group, equities research analysts anticipate that Revolve Group, Inc. will post 0.6 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have commented 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 note on Monday, October 21st. Barclays upgraded shares of Revolve Group from an "underweight" rating to an "equal weight" rating and upped their price target for the stock from $17.00 to $25.00 in a research report on Wednesday, November 6th. UBS Group raised their price objective on shares of Revolve Group from $25.00 to $30.00 and gave the company a "neutral" rating in a research report on Wednesday, November 6th. Robert W. Baird boosted their target price on shares of Revolve Group from $24.00 to $33.00 and gave the stock a "neutral" rating in a research note on Wednesday, November 6th. Finally, Piper Sandler raised their price target on shares of Revolve Group from $30.00 to $35.00 and gave the company an "overweight" rating in a report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Revolve Group currently has an average rating of "Hold" and a consensus price target of $27.25.

Insider Activity at Revolve Group

In other Revolve Group news, CEO Michael Mente sold 200,000 shares of the firm's stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $31.43, for a total transaction of $6,286,000.00. Following the sale, the chief executive officer now directly owns 73,000 shares in the company, valued at approximately $2,294,390. This trade represents a 73.26 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Jesse Timmermans sold 91,625 shares of the company'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 transaction of $2,814,720.00. Following the completion of the transaction, the chief financial officer now owns 3,054 shares of the company's stock, 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 sold a total of 902,839 shares of company stock worth $29,112,870 in the last quarter. Corporate insiders own 46.56% of the company's stock.

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.