Navellier & Associates Inc. Invests $612,000 in Revolve Group, Inc. (NYSE:RVLV)

Navellier & Associates Inc. bought a new position in shares of Revolve Group, Inc. (NYSE:RVLV) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 24,703 shares of the company’s stock, valued at approximately $612,000.

A number of other large investors have also modified their holdings of RVLV. 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 valued at $28,000 after acquiring an additional 804 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its position in shares of Revolve Group by 91.1% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 4,069 shares of the company’s stock valued at $65,000 after acquiring an additional 1,940 shares during the last quarter. Quarry LP acquired a new position in shares of Revolve Group during the 2nd quarter valued at about $68,000. American Century Companies Inc. acquired a new position in shares of Revolve Group during the 2nd quarter valued at about $165,000. Finally, nVerses Capital LLC acquired a new position in shares of Revolve Group during the 3rd quarter valued at about $171,000. Hedge funds and other institutional investors own 67.60% of the company’s stock.

Revolve Group Stock Performance

RVLV stock opened at $34.87 on Friday. The company’s 50 day moving average price is $27.09 and its 200 day moving average price is $22.12. Revolve Group, Inc. has a fifty-two week low of $13.24 and a fifty-two week high of $35.28. The firm has a market capitalization of $2.47 billion, a price-to-earnings ratio of 62.27, a PEG ratio of 2.10 and a beta of 2.05.

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

Analyst Upgrades and Downgrades

RVLV has been the topic of several recent research reports. Piper Sandler boosted their price target on shares of Revolve Group from $30.00 to $35.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. Wedbush reaffirmed a “neutral” rating and issued a $19.00 target price on shares of Revolve Group in a research report on Wednesday, August 7th. Roth Mkm reaffirmed a “buy” rating and issued a $35.00 target price (up previously from $29.00) on shares of Revolve Group in a research report on Wednesday, November 6th. UBS Group upped their target price on shares of Revolve Group from $25.00 to $30.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $26.00 target price (up previously from $17.00) on shares of Revolve Group in a research report on Monday, October 21st. One 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 company. Based on data from MarketBeat, Revolve Group has an average rating of “Hold” and a consensus price target of $26.19.

Insider Buying and Selling

In other Revolve Group news, CEO Michael Mente sold 200,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $31.43, for a total value of $6,286,000.00. Following the transaction, the chief executive officer now directly owns 73,000 shares in the company, valued at $2,294,390. This represents a 73.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Jesse Timmermans sold 91,625 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $30.72, for a total transaction of $2,814,720.00. Following the completion of the transaction, the chief financial officer now owns 3,054 shares in the company, valued at $93,818.88. This represents a 96.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 436,571 shares of company stock worth $12,890,034. Company insiders own 46.56% of the company’s stock.

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.