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

Precision Wealth Strategies LLC boosted its holdings in Revolve Group, Inc. (NYSE:RVLV) by 3.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC raised its stake in Revolve Group by 1.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 825,606 shares of the company’s stock valued at $17,478,000 after acquiring an additional 10,724 shares during the period. Norden Group LLC raised its stake in Revolve Group by 2,269.6% in the 1st quarter. Norden Group LLC now owns 367,200 shares of the company’s stock valued at $7,774,000 after acquiring an additional 351,704 shares during the period. Benjamin F. Edwards & Company Inc. bought a new stake in Revolve Group in the 1st quarter valued at $45,000. Capstone Investment Advisors LLC bought a new stake in Revolve Group in the 1st quarter valued at $1,591,000. Finally, Essex Investment Management Co. LLC raised its stake in Revolve Group by 0.7% in the 1st quarter. Essex Investment Management Co. LLC now owns 115,035 shares of the company’s stock valued at $2,435,000 after acquiring an additional 767 shares during the period. Institutional investors own 67.60% of the company’s stock.

Insider Activity at Revolve Group

In related news, CEO Michael Mente sold 48,346 shares of the business’s stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $26.32, for a total transaction of $1,272,466.72. Following the completion of the transaction, the chief executive officer now directly owns 73,000 shares in the company, valued at $1,921,360. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, major shareholder Mmmk Development, Inc. sold 33,164 shares of the company’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $26.26, for a total value of $870,886.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael Mente sold 48,346 shares of the company’s stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $26.32, for a total value of $1,272,466.72. Following the completion of the transaction, the chief executive officer now owns 73,000 shares of the company’s stock, valued at $1,921,360. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 124,573 shares of company stock worth $3,260,634. 46.56% of the stock is owned by company insiders.

Revolve Group Price Performance

Shares of RVLV opened at $26.20 on Tuesday. Revolve Group, Inc. has a 1 year low of $12.42 and a 1 year high of $26.72. The company has a market capitalization of $1.85 billion, a price-to-earnings ratio of 58.22, a price-to-earnings-growth ratio of 2.57 and a beta of 2.05. The business has a 50-day moving average of $23.98 and a 200-day moving average of $20.50.

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

Analyst Upgrades and Downgrades

A number of research analysts have commented on RVLV shares. TD Cowen upped their price objective on Revolve Group from $25.00 to $28.00 and gave the company a “buy” rating in a report on Monday, August 26th. Evercore ISI upped their price objective on Revolve Group from $20.00 to $21.00 and gave the company an “in-line” rating in a report on Wednesday, August 7th. BTIG Research upped their price objective on Revolve Group from $24.00 to $26.00 and gave the company a “buy” rating in a report on Friday, August 16th. Robert W. Baird increased their target price on Revolve Group from $23.00 to $24.00 and gave the stock a “neutral” rating in a report on Wednesday, August 14th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $26.00 target price (up from $17.00) on shares of Revolve Group in a report on Monday. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $22.06.

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.