Revolve Group, Inc. (NYSE:RVLV) Stock Holdings Lessened by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. cut its stake in shares of Revolve Group, Inc. (NYSE:RVLV) by 15.9% during the third quarter, HoldingsChannel.com reports. The firm owned 15,207 shares of the company’s stock after selling 2,865 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Revolve Group were worth $377,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in RVLV. Precision Wealth Strategies LLC boosted its stake in shares of Revolve Group by 3.3% during the 3rd quarter. Precision Wealth Strategies LLC now owns 12,741 shares of the company’s stock valued at $316,000 after buying an additional 407 shares during the period. US Bancorp DE grew its stake in Revolve Group by 1.8% in the first quarter. US Bancorp DE now owns 39,255 shares of the company’s stock valued at $831,000 after purchasing an additional 677 shares in the last quarter. Farther Finance Advisors LLC increased its position in Revolve Group by 249.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,126 shares of the company’s stock worth $28,000 after purchasing an additional 804 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Revolve Group by 4.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 26,498 shares of the company’s stock worth $561,000 after purchasing an additional 1,227 shares in the last quarter. Finally, Versor Investments LP lifted its holdings in shares of Revolve Group by 9.0% during the 2nd quarter. Versor Investments LP now owns 16,953 shares of the company’s stock valued at $270,000 after buying an additional 1,405 shares during the last quarter. Institutional investors and hedge funds own 67.60% of the company’s stock.

Insider Activity at Revolve Group

In other news, CEO Michael Mente sold 36,114 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $25.95, for a total transaction of $937,158.30. Following the completion of the transaction, the chief executive officer now directly owns 73,000 shares of the company’s stock, valued at approximately $1,894,350. This trade represents a 33.10 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Mmmk Development, Inc. sold 6,493 shares of the company’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $25.92, for a total transaction of $168,298.56. The disclosure for this sale can be found here. Insiders have sold 436,571 shares of company stock worth $12,890,034 over the last three months. Company insiders own 46.56% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on RVLV. Robert W. Baird increased their price objective on Revolve Group from $24.00 to $33.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Wedbush restated a “neutral” rating and set a $19.00 price target on shares of Revolve Group in a report on Wednesday, August 7th. Piper Sandler lifted 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. TD Cowen increased their target price on shares of Revolve Group from $28.00 to $34.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Finally, UBS Group raised their target price on Revolve Group from $25.00 to $30.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. One equities research 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’s stock. According to data from MarketBeat.com, Revolve Group presently has an average rating of “Hold” and an average price target of $26.19.

Revolve Group Trading Up 2.6 %

Shares of RVLV stock opened at $33.20 on Wednesday. Revolve Group, Inc. has a 1 year low of $13.24 and a 1 year high of $35.20. The firm’s fifty day simple moving average is $26.65 and its 200 day simple moving average is $21.95. The firm has a market capitalization of $2.35 billion, a P/E ratio of 59.29, a price-to-earnings-growth ratio of 2.08 and a beta of 2.05.

Revolve Group (NYSE:RVLV) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $271.08 million. During the same quarter in the previous year, the firm posted $0.04 EPS. The business’s revenue was up 9.9% compared to the same quarter last year. Equities research analysts anticipate that Revolve Group, Inc. will post 0.6 EPS for the current fiscal year.

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.