Alliance Wealth Advisors LLC UT Decreases Stock Position in Revolve Group, Inc. (NYSE:RVLV)

Alliance Wealth Advisors LLC UT lessened its stake in Revolve Group, Inc. (NYSE:RVLV) by 2.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,511 shares of the company’s stock after selling 319 shares during the period. Alliance Wealth Advisors LLC UT’s holdings in Revolve Group were worth $352,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. JPMorgan Chase & Co. boosted its stake in shares of Revolve Group by 83.4% during the third quarter. JPMorgan Chase & Co. now owns 349,670 shares of the company’s stock valued at $8,665,000 after purchasing an additional 158,960 shares during the period. Harbor Capital Advisors Inc. boosted its position in Revolve Group by 46.1% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 107,148 shares of the company’s stock valued at $2,655,000 after buying an additional 33,812 shares during the period. Lisanti Capital Growth LLC bought a new stake in Revolve Group in the 3rd quarter worth $2,276,000. Farther Finance Advisors LLC increased its position in shares of Revolve Group by 249.7% in the third quarter. Farther Finance Advisors LLC now owns 1,126 shares of the company’s stock valued at $28,000 after acquiring an additional 804 shares during the period. Finally, Barclays PLC raised its stake in shares of Revolve Group by 156.7% during the third quarter. Barclays PLC now owns 85,613 shares of the company’s stock valued at $2,122,000 after acquiring an additional 52,257 shares during the last quarter. 67.60% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on RVLV. Piper Sandler boosted their price target on Revolve Group from $30.00 to $35.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. Robert W. Baird boosted their target price on Revolve Group from $24.00 to $33.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. BTIG Research raised their price target on Revolve Group from $30.00 to $35.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Stifel Nicolaus boosted their price objective on shares of Revolve Group from $35.00 to $41.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Finally, Barclays raised shares of Revolve Group from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $17.00 to $25.00 in a research report on Wednesday, November 6th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $29.60.

Insider Buying and Selling at Revolve Group

In other news, CEO Michael Mente sold 98,429 shares of the stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $34.87, for a total transaction of $3,432,219.23. Following the sale, the chief executive officer now owns 123,000 shares in the company, valued at $4,289,010. This represents a 44.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In the last ninety days, insiders sold 700,184 shares of company stock worth $23,292,646. 46.56% of the stock is owned by corporate insiders.

Revolve Group Stock Up 2.1 %

RVLV stock opened at $31.75 on Wednesday. The business has a 50 day moving average of $33.22 and a 200 day moving average of $27.91. Revolve Group, Inc. has a twelve month low of $14.28 and a twelve month high of $39.58. The firm has a market cap of $2.25 billion, a PE ratio of 56.70, a price-to-earnings-growth ratio of 1.60 and a beta of 2.17.

Revolve Group (NYSE:RVLV) last posted its quarterly earnings results 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 return on equity of 10.17% and a net margin of 3.72%. The firm had revenue of $283.15 million during the quarter, compared to analyst estimates of $271.08 million. During the same quarter in the previous year, the firm earned $0.04 EPS. Revolve Group’s quarterly revenue was up 9.9% compared to the same quarter last year. On average, research analysts expect that Revolve Group, Inc. will post 0.6 earnings per share for the current fiscal year.

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.