Intellectus Partners LLC boosted its position in shares of Revolve Group (NYSE:RVLV) by 17.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,220 shares of the company’s stock after purchasing an additional 6,875 shares during the period. Intellectus Partners LLC’s holdings in Revolve Group were worth $830,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC grew its holdings in Revolve Group by 346.7% during the 3rd quarter. Steward Partners Investment Advisory LLC now owns 2,680 shares of the company’s stock valued at $62,000 after purchasing an additional 2,080 shares in the last quarter. First Mercantile Trust Co. acquired a new stake in Revolve Group during the 3rd quarter valued at $115,000. Tower Research Capital LLC TRC grew its holdings in Revolve Group by 2,354.9% during the 3rd quarter. Tower Research Capital LLC TRC now owns 8,273 shares of the company’s stock valued at $193,000 after purchasing an additional 7,936 shares in the last quarter. Janney Montgomery Scott LLC acquired a new stake in Revolve Group during the 4th quarter valued at $216,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in Revolve Group during the 2nd quarter valued at $285,000. 25.63% of the stock is owned by institutional investors and hedge funds.
NYSE RVLV traded down $0.27 during trading hours on Friday, reaching $17.60. 48,455 shares of the company traded hands, compared to its average volume of 887,138. Revolve Group has a 12 month low of $14.35 and a 12 month high of $48.36. The company has a 50 day moving average of $18.62 and a two-hundred day moving average of $23.03.
Revolve Group (NYSE:RVLV) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.13 EPS for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.01. The company had revenue of $154.20 million for the quarter, compared to the consensus estimate of $153.13 million. During the same quarter last year, the company earned $0.10 earnings per share. The company’s revenue was up 22.5% compared to the same quarter last year. As a group, analysts anticipate that Revolve Group will post 0.56 EPS for the current year.
In other news, COO David Pujades sold 38,077 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $20.70, for a total value of $788,193.90. Following the transaction, the chief operating officer now directly owns 38,077 shares in the company, valued at approximately $788,193.90. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Over the last 90 days, insiders sold 76,812 shares of company stock worth $1,503,242.
A number of equities research analysts recently weighed in on RVLV shares. Cowen reaffirmed a “buy” rating and set a $34.00 price target on shares of Revolve Group in a report on Monday, December 9th. B. Riley initiated coverage on shares of Revolve Group in a research note on Tuesday, December 17th. They set a “buy” rating and a $21.00 price objective on the stock. KeyCorp initiated coverage on shares of Revolve Group in a research note on Friday, December 20th. They set a “sector weight” rating on the stock. Raymond James reduced their price objective on shares of Revolve Group from $40.00 to $30.00 and set an “outperform” rating on the stock in a research note on Friday, November 8th. They noted that the move was a valuation call. Finally, Morgan Stanley initiated coverage on shares of Revolve Group in a research note on Thursday, December 5th. They set a “buy” rating on the stock. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $33.25.
Revolve Group Profile
Revolve Group, Inc operates as an online fashion retailer for consumers in the United States and internationally. The company operates a platform that connects consumers and global fashion influencers, as well as emerging, established, and owned brands. It provides women's apparel, footwear, accessories, and beauty styles under a range of established and emerging brands, as well as owned brands.
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