Harbor Capital Advisors Inc. Has $2.66 Million Holdings in Revolve Group, Inc. (NYSE:RVLV)

Harbor Capital Advisors Inc. lifted its holdings in Revolve Group, Inc. (NYSE:RVLV) by 46.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 107,148 shares of the company’s stock after acquiring an additional 33,812 shares during the period. Harbor Capital Advisors Inc.’s holdings in Revolve Group were worth $2,655,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of RVLV. Westfield Capital Management Co. LP acquired a new position in shares of Revolve Group in the first quarter valued at about $33,735,000. Marshall Wace LLP grew its stake in shares of Revolve Group by 141.2% in the second 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 in the last quarter. Comerica Bank grew its stake in shares of Revolve Group by 12,630.9% in the first 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 in the last quarter. Millennium Management LLC grew its stake in shares of Revolve Group by 68.1% in the second quarter. Millennium Management LLC now owns 342,084 shares of the company’s stock valued at $5,443,000 after acquiring an additional 138,600 shares in the last quarter. Finally, Silvercrest Asset Management Group LLC grew its stake in shares of 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 acquiring an additional 134,775 shares in the last quarter. 67.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on RVLV shares. Wedbush reiterated a “neutral” rating and set a $19.00 price objective on shares of Revolve Group in a research note on Wednesday, August 7th. TD Cowen increased their price objective on shares of Revolve Group from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Monday, August 26th. Evercore ISI increased their price objective on shares of Revolve Group from $20.00 to $21.00 and gave the stock an “in-line” rating in a research note on Wednesday, August 7th. Piper Sandler reiterated an “overweight” rating and set a $30.00 price objective on shares of Revolve Group in a research note on Friday, August 23rd. Finally, Roth Mkm increased their price objective on shares of Revolve Group from $26.00 to $29.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $22.44.

Revolve Group Price Performance

Shares of NYSE RVLV opened at $25.27 on Tuesday. The company has a 50 day simple moving average of $24.38 and a 200 day simple moving average of $20.92. The firm has a market cap of $1.78 billion, a PE ratio of 56.16, a price-to-earnings-growth ratio of 2.39 and a beta of 2.05. Revolve Group, Inc. has a 1 year low of $12.63 and a 1 year high of $26.72.

Revolve Group (NYSE:RVLV) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.08. The business had revenue of $282.50 million during the quarter, compared to analyst estimates of $277.06 million. Revolve Group had a net margin of 3.08% and a return on equity of 8.35%. The firm’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter last year, the business earned $0.10 EPS. As a group, research analysts anticipate that Revolve Group, Inc. will post 0.56 earnings per share for the current fiscal year.

Insider Transactions at Revolve Group

In other news, major shareholder Mmmk Development, Inc. sold 6,493 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $25.92, for a total transaction of $168,298.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, major shareholder Mmmk Development, Inc. sold 6,493 shares of the business’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $25.92, for a total transaction of $168,298.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael Mente sold 36,114 shares of the company’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $25.95, for a total transaction of $937,158.30. Following the completion of the sale, the chief executive officer now directly owns 73,000 shares of the company’s stock, valued at $1,894,350. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 124,573 shares of company stock valued at $3,260,634 in the last quarter. 46.56% of the stock is currently owned by company insiders.

Revolve Group 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.