Westfield Capital Management Co. LP Reduces Stock Position in Revolve Group, Inc. (NYSE:RVLV)

Westfield Capital Management Co. LP decreased its stake in shares of Revolve Group, Inc. (NYSE:RVLV) by 40.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,250,972 shares of the company’s stock after selling 838,241 shares during the quarter. Westfield Capital Management Co. LP owned about 1.77% of Revolve Group worth $30,999,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Comerica Bank raised its stake in shares of Revolve Group by 12,630.9% in the 1st quarter. Comerica Bank now owns 179,888 shares of the company’s stock valued at $3,808,000 after acquiring an additional 178,475 shares during the period. Silvercrest Asset Management Group LLC boosted its holdings in Revolve Group by 55.7% in the first quarter. Silvercrest Asset Management Group LLC now owns 376,620 shares of the company’s stock valued at $7,973,000 after purchasing an additional 134,775 shares during the period. XTX Topco Ltd grew its stake in Revolve Group by 148.4% during the 2nd quarter. XTX Topco Ltd now owns 39,586 shares of the company’s stock worth $630,000 after purchasing an additional 23,652 shares in the last quarter. Harbor Capital Advisors Inc. raised its position in Revolve Group by 46.1% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 107,148 shares of the company’s stock valued at $2,655,000 after purchasing an additional 33,812 shares in the last quarter. Finally, Lisanti Capital Growth LLC purchased a new position in shares of Revolve Group in the 3rd quarter valued at about $2,276,000. Institutional investors and hedge funds own 67.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on RVLV shares. 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 report on Wednesday, November 6th. Morgan Stanley reiterated an “equal weight” rating and set a $26.00 target price (up previously from $17.00) on shares of Revolve Group in a research note on Monday, October 21st. TD Cowen raised their price target on Revolve Group from $28.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Barclays raised Revolve Group from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $17.00 to $25.00 in a research report on Wednesday, November 6th. Finally, Wedbush reissued a “neutral” rating and set a $19.00 target price on shares of Revolve Group in a research report on Wednesday, August 7th. 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 company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $26.19.

Insider Buying and Selling at Revolve Group

In related news, CEO Michael Mente sold 71,463 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $35.20, for a total value of $2,515,497.60. Following the completion of the transaction, the chief executive officer now directly owns 73,000 shares of the company’s stock, valued at $2,569,600. This trade represents a 49.47 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Jesse Timmermans sold 91,625 shares of Revolve Group stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $30.72, for a total transaction of $2,814,720.00. Following the transaction, the chief financial officer now owns 3,054 shares of the company’s stock, valued at approximately $93,818.88. The trade was a 96.77 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 581,817 shares of company stock valued at $17,870,621. 46.56% of the stock is owned by company insiders.

Revolve Group Stock Performance

Shares of RVLV opened at $35.02 on Monday. Revolve Group, Inc. has a fifty-two week low of $13.24 and a fifty-two week high of $35.86. The firm has a 50-day simple moving average of $27.30 and a 200-day simple moving average of $22.23. The company has a market capitalization of $2.48 billion, a price-to-earnings ratio of 62.54, a price-to-earnings-growth ratio of 2.21 and a beta of 2.05.

Revolve Group (NYSE:RVLV) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.15 EPS for the quarter, beating 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 business had revenue of $283.15 million during the quarter, compared to analysts’ expectations of $271.08 million. During the same period last year, the firm earned $0.04 EPS. The company’s quarterly revenue was up 9.9% compared to the same quarter last year. Equities research analysts forecast that Revolve Group, Inc. will post 0.6 EPS for the current 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.