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

Dynamic Technology Lab Private Ltd lowered its holdings in Revolve Group, Inc. (NYSE:RVLV) by 36.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 53,179 shares of the company’s stock after selling 30,346 shares during the period. Dynamic Technology Lab Private Ltd owned about 0.08% of Revolve Group worth $1,318,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. raised its position in shares of Revolve Group by 0.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 315,213 shares of the company’s stock valued at $7,811,000 after purchasing an additional 2,963 shares in the last quarter. Navellier & Associates Inc. bought a new stake in shares of Revolve Group in the third quarter worth $612,000. Intech Investment Management LLC acquired a new stake in Revolve Group in the third quarter valued at $241,000. LMR Partners LLP bought a new position in Revolve Group during the 3rd quarter valued at $228,000. Finally, Thrivent Financial for Lutherans acquired a new position in Revolve Group during the 3rd quarter worth $1,509,000. Institutional investors and hedge funds own 67.60% of the company’s stock.

Wall Street Analyst Weigh In

RVLV has been the topic of several research analyst reports. Evercore ISI increased their price target on shares of Revolve Group from $21.00 to $33.00 and gave the stock an “in-line” rating in a research report on Wednesday, November 6th. Robert W. Baird increased their target price on Revolve Group from $24.00 to $33.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Barclays upgraded Revolve Group from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $17.00 to $25.00 in a research report on Wednesday, November 6th. Morgan Stanley reissued an “equal weight” rating and set a $26.00 price target (up from $17.00) on shares of Revolve Group in a research report on Monday, October 21st. Finally, Piper Sandler lifted their price objective on shares of Revolve Group from $30.00 to $35.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, Revolve Group presently has an average rating of “Hold” and a consensus target price of $26.19.

Insider Activity at Revolve Group

In related 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 transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Michael Mente sold 200,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $31.43, for a total value of $6,286,000.00. Following the completion of the sale, the chief executive officer now owns 73,000 shares of the company’s stock, valued at $2,294,390. This trade represents a 73.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 581,817 shares of company stock worth $17,870,621 over the last ninety days. 46.56% of the stock is currently owned by corporate insiders.

Revolve Group Trading Up 2.2 %

NYSE RVLV opened at $38.80 on Wednesday. The company has a 50-day moving average price of $27.58 and a two-hundred day moving average price of $22.35. Revolve Group, Inc. has a 52 week low of $13.24 and a 52 week high of $39.03. The stock has a market cap of $2.75 billion, a price-to-earnings ratio of 69.29, a price-to-earnings-growth ratio of 2.21 and a beta of 2.05.

Revolve Group (NYSE:RVLV) last posted its 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 firm had revenue of $283.15 million for the quarter, compared to analysts’ expectations of $271.08 million. During the same period last year, the firm earned $0.04 EPS. The firm’s revenue was up 9.9% compared to the same quarter last year. As a group, equities research analysts expect that Revolve Group, Inc. will post 0.6 earnings per share for the current fiscal 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.