Precision Wealth Strategies LLC Acquires 407 Shares of Revolve Group, Inc. (NYSE:RVLV)

Precision Wealth Strategies LLC raised its holdings in shares of Revolve Group, Inc. (NYSE:RVLV) by 3.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,741 shares of the company’s stock after purchasing an additional 407 shares during the period. Precision Wealth Strategies LLC’s holdings in Revolve Group were worth $316,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Comerica Bank raised its position in shares of Revolve Group by 12,630.9% in the 1st quarter. Comerica Bank now owns 179,888 shares of the company’s stock worth $3,808,000 after acquiring an additional 178,475 shares in the last quarter. Capstone Investment Advisors LLC purchased a new stake in shares of Revolve Group in the 1st quarter worth approximately $1,591,000. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Revolve Group in the 1st quarter worth approximately $1,432,000. Silvercrest Asset Management Group LLC boosted its stake in Revolve Group by 55.7% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 376,620 shares of the company’s stock valued at $7,973,000 after purchasing an additional 134,775 shares during the last quarter. Finally, XTX Topco Ltd boosted its stake in Revolve Group by 148.4% during the 2nd quarter. XTX Topco Ltd now owns 39,586 shares of the company’s stock valued at $630,000 after purchasing an additional 23,652 shares during the last quarter. Institutional investors own 67.60% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on RVLV shares. TD Cowen raised their price target on Revolve Group from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Monday, August 26th. Robert W. Baird raised their price target on Revolve Group from $23.00 to $24.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 14th. BTIG Research raised their target price on Revolve Group from $24.00 to $26.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Evercore ISI raised their price target on Revolve Group from $20.00 to $21.00 and gave the company an “in-line” rating in a report on Wednesday, August 7th. Finally, Barclays raised their price target on Revolve Group from $15.00 to $17.00 and gave the company an “underweight” rating in a report on Wednesday, October 2nd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $22.06.

Revolve Group Stock Performance

Revolve Group stock opened at $26.20 on Tuesday. The company has a market capitalization of $1.85 billion, a PE ratio of 58.22, a P/E/G ratio of 2.57 and a beta of 2.05. Revolve Group, Inc. has a fifty-two week low of $12.42 and a fifty-two week high of $26.72. The company has a 50 day moving average price of $23.98 and a 200-day moving average price of $20.50.

Revolve Group (NYSE:RVLV) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.08. The company had revenue of $282.50 million during the quarter, compared to the consensus estimate of $277.06 million. Revolve Group had a net margin of 3.08% and a return on equity of 8.35%. Revolve Group’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.10 earnings per share. On average, analysts forecast that Revolve Group, Inc. will post 0.55 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Michael Mente sold 36,114 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $25.95, for a total value of $937,158.30. Following the completion of the transaction, the chief executive officer now owns 73,000 shares of the company’s stock, valued at $1,894,350. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CEO Michael Mente sold 36,114 shares of the company’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $25.95, for a total transaction of $937,158.30. Following the transaction, the chief executive officer now directly owns 73,000 shares of the company’s stock, valued at approximately $1,894,350. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Mmmk Development, Inc. sold 33,164 shares of the business’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $26.26, for a total transaction of $870,886.64. The disclosure for this sale can be found here. Insiders sold 124,573 shares of company stock valued at $3,260,634 over the last 90 days. Corporate insiders own 46.56% of the company’s stock.

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.