WINTON GROUP Ltd Buys New Position in Revolve Group, Inc. $RVLV

WINTON GROUP Ltd bought a new position in shares of Revolve Group, Inc. (NYSE:RVLV) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 53,300 shares of the company’s stock, valued at approximately $1,069,000. WINTON GROUP Ltd owned 0.07% of Revolve Group as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in RVLV. New York State Common Retirement Fund grew its position in Revolve Group by 0.4% in the second quarter. New York State Common Retirement Fund now owns 164,703 shares of the company’s stock worth $3,302,000 after buying an additional 627 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Revolve Group by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,773 shares of the company’s stock worth $489,000 after acquiring an additional 964 shares in the last quarter. Summit Securities Group LLC acquired a new position in shares of Revolve Group in the 1st quarter worth $25,000. Police & Firemen s Retirement System of New Jersey grew its holdings in shares of Revolve Group by 15.5% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 9,156 shares of the company’s stock worth $184,000 after acquiring an additional 1,231 shares during the last quarter. Finally, Logan Capital Management Inc. raised its position in shares of Revolve Group by 35.5% during the second quarter. Logan Capital Management Inc. now owns 5,579 shares of the company’s stock worth $112,000 after purchasing an additional 1,463 shares during the period. 67.60% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO Michael Mente sold 41,563 shares of Revolve Group stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $26.02, for a total transaction of $1,081,469.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 178,739 shares of company stock worth $4,723,052 in the last ninety days. 43.82% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on RVLV shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Revolve Group in a research report on Wednesday, October 8th. Roth Capital reaffirmed a “buy” rating and set a $30.00 price objective (up from $27.00) on shares of Revolve Group in a research note on Wednesday, November 5th. BTIG Research reiterated a “buy” rating and issued a $30.00 target price on shares of Revolve Group in a report on Wednesday, November 19th. Morgan Stanley boosted their price target on shares of Revolve Group from $24.00 to $26.00 and gave the company an “equal weight” rating in a report on Wednesday, November 5th. Finally, Zacks Research downgraded shares of Revolve Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Nine investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $26.21.

Revolve Group Trading Up 1.6%

Shares of NYSE RVLV opened at $28.87 on Thursday. Revolve Group, Inc. has a one year low of $16.80 and a one year high of $39.58. The business has a 50-day moving average price of $22.80 and a two-hundred day moving average price of $21.98. The firm has a market capitalization of $2.06 billion, a PE ratio of 37.98, a PEG ratio of 3.15 and a beta of 1.84.

Revolve Group (NYSE:RVLV) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.13. The business had revenue of $295.63 million during the quarter, compared to analyst estimates of $297.36 million. Revolve Group had a net margin of 4.64% and a return on equity of 11.26%. The firm’s revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.15 earnings per share. Research analysts anticipate that Revolve Group, Inc. will post 0.6 EPS for the current year.

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.