Revolve Group, Inc. (NYSE:RVLV) Shares Sold by Stifel Financial Corp

Stifel Financial Corp decreased its position in Revolve Group, Inc. (NYSE:RVLV) by 2.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 148,060 shares of the company’s stock after selling 3,687 shares during the quarter. Stifel Financial Corp owned 0.21% of Revolve Group worth $3,669,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its position in shares of 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 in the last quarter. Benjamin F. Edwards & Company Inc. lifted its stake in Revolve Group by 91.1% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,069 shares of the company’s stock worth $65,000 after purchasing an additional 1,940 shares during the last quarter. Quarry LP acquired a new position in Revolve Group in the second quarter valued at approximately $68,000. American Century Companies Inc. purchased a new position in Revolve Group in the second quarter valued at approximately $165,000. Finally, nVerses Capital LLC acquired a new stake in Revolve Group during the third quarter worth approximately $171,000. Hedge funds and other institutional investors own 67.60% of the company’s stock.

Insiders Place Their Bets

In other news, major shareholder Mmmk Development, Inc. sold 6,493 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $25.92, for a total transaction of $168,298.56. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Michael Mente sold 36,114 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $25.95, for a total value of $937,158.30. Following the completion of the sale, the chief executive officer now owns 73,000 shares in the company, valued at approximately $1,894,350. This represents a 33.10 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 770,512 shares of company stock worth $24,534,363. Corporate insiders own 46.56% of the company’s stock.

Revolve Group Stock Performance

Shares of RVLV opened at $38.11 on Tuesday. The stock has a market capitalization of $2.70 billion, a P/E ratio of 68.05, a P/E/G ratio of 2.34 and a beta of 2.19. Revolve Group, Inc. has a 1 year low of $13.96 and a 1 year high of $39.03. The company’s fifty day moving average is $31.18 and its two-hundred day moving average is $24.06.

Revolve Group (NYSE:RVLV) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.05. Revolve Group had a return on equity of 10.17% and a net margin of 3.72%. The company had revenue of $283.15 million for the quarter, compared to analyst estimates of $271.08 million. During the same quarter in the previous year, the company earned $0.04 EPS. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. Sell-side analysts predict that Revolve Group, Inc. will post 0.6 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on RVLV shares. Morgan Stanley restated an “equal weight” rating and issued a $26.00 target price (up previously from $17.00) on shares of Revolve Group in a report on Monday, October 21st. Roth Mkm restated a “buy” rating and issued a $35.00 price objective (up previously from $29.00) on shares of Revolve Group in a research note on Wednesday, November 6th. BTIG Research lifted their target price on Revolve Group from $30.00 to $35.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Evercore ISI upped their target price on Revolve Group from $21.00 to $33.00 and gave the company an “in-line” rating in a research report on Wednesday, November 6th. Finally, Stifel Nicolaus lifted their price target on Revolve Group from $35.00 to $41.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Revolve Group has an average rating of “Hold” and an average target price of $27.25.

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.