Revolve Group, Inc. (NYSE:RVLV) Shares Sold by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd cut its holdings in shares of Revolve Group, Inc. (NYSE:RVLV) by 36.3% in the 3rd quarter, Holdings Channel reports. The firm owned 53,179 shares of the company’s stock after selling 30,346 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Revolve Group were worth $1,318,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Marshall Wace LLP lifted its position in shares of Revolve Group by 141.2% during the 2nd quarter. Marshall Wace LLP now owns 478,623 shares of the company’s stock valued at $7,615,000 after acquiring an additional 280,151 shares during the last quarter. Comerica Bank raised its position in shares of Revolve Group by 12,630.9% during the first quarter. Comerica Bank now owns 179,888 shares of the company’s stock worth $3,808,000 after purchasing an additional 178,475 shares during the period. Millennium Management LLC lifted its holdings in shares of Revolve Group by 68.1% during the second quarter. Millennium Management LLC now owns 342,084 shares of the company’s stock valued at $5,443,000 after purchasing an additional 138,600 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Revolve Group by 22.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 683,101 shares of the company’s stock worth $10,867,000 after purchasing an additional 123,745 shares in the last quarter. Finally, Lisanti Capital Growth LLC purchased a new stake in Revolve Group during the third quarter valued at about $2,276,000. 67.60% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on RVLV. BTIG Research raised their target price on Revolve Group from $30.00 to $35.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. UBS Group upped their target price on Revolve Group from $25.00 to $30.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Evercore ISI increased their price target on Revolve Group from $21.00 to $33.00 and gave the company an “in-line” rating in a report on Wednesday, November 6th. Wedbush restated a “neutral” rating and issued a $19.00 price objective on shares of Revolve Group in a research note on Wednesday, August 7th. Finally, TD Cowen raised their target price on shares of Revolve Group from $28.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. 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 stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $26.19.

Revolve Group Stock Performance

Shares of Revolve Group stock opened at $38.80 on Wednesday. The firm has a market cap of $2.75 billion, a P/E ratio of 69.29, a price-to-earnings-growth ratio of 2.21 and a beta of 2.05. The firm’s 50-day simple moving average is $27.58 and its 200-day simple moving average is $22.35. Revolve Group, Inc. has a twelve month low of $13.24 and a twelve month high of $39.03.

Revolve Group (NYSE:RVLV) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $0.15 EPS 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 during the quarter, compared to analysts’ expectations of $271.08 million. During the same quarter last year, the company earned $0.04 earnings per share. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. On average, equities analysts forecast that Revolve Group, Inc. will post 0.6 earnings per share for the current fiscal year.

Insider Activity at Revolve Group

In other news, 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 value of $168,298.56. 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 the 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 sale, the chief financial officer now owns 3,054 shares of the company’s stock, valued at $93,818.88. This trade represents a 96.77 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 581,817 shares of company stock valued at $17,870,621 in the last 90 days. 46.56% of the stock is owned by corporate insiders.

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.