Revolve Group, Inc. $RVLV Shares Sold by William Blair Investment Management LLC

William Blair Investment Management LLC lessened its holdings in shares of Revolve Group, Inc. (NYSE:RVLV) by 1.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,299,857 shares of the company’s stock after selling 33,860 shares during the period. William Blair Investment Management LLC owned 3.24% of Revolve Group worth $49,056,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of RVLV. Allworth Financial LP lifted its holdings in Revolve Group by 76.4% in the third quarter. Allworth Financial LP now owns 1,452 shares of the company’s stock worth $33,000 after acquiring an additional 629 shares during the last quarter. CenterBook Partners LP grew its holdings in shares of Revolve Group by 115.7% during the third quarter. CenterBook Partners LP now owns 39,032 shares of the company’s stock valued at $833,000 after purchasing an additional 20,940 shares during the last quarter. Integrity Alliance LLC. bought a new position in shares of Revolve Group during the third quarter valued at approximately $455,000. State of Wyoming grew its holdings in shares of Revolve Group by 44.1% during the third quarter. State of Wyoming now owns 18,050 shares of the company’s stock valued at $385,000 after purchasing an additional 5,526 shares during the last quarter. Finally, Sterling Capital Management LLC raised its position in shares of Revolve Group by 842.6% during the 3rd quarter. Sterling Capital Management LLC now owns 1,395 shares of the company’s stock worth $30,000 after purchasing an additional 1,247 shares during the period. Institutional investors and hedge funds own 67.60% of the company’s stock.

Revolve Group Stock Performance

Shares of NYSE:RVLV traded up $0.17 during trading hours on Friday, hitting $18.92. The stock had a trading volume of 765,252 shares, compared to its average volume of 1,005,594. The stock’s fifty day simple moving average is $21.18 and its 200 day simple moving average is $22.88. The firm has a market capitalization of $1.34 billion, a price-to-earnings ratio of 20.57, a PEG ratio of 3.27 and a beta of 1.62. Revolve Group, Inc. has a 1-year low of $17.35 and a 1-year high of $31.68.

Revolve Group (NYSE:RVLV) last issued its quarterly earnings data on Tuesday, November 3rd. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.02). Revolve Group had a return on equity of 12.34% and a net margin of 4.81%. The business had revenue of $355.96 million for the quarter, compared to analyst estimates of $345.49 million. During the same quarter in the prior year, the firm posted $0.29 earnings per share. The business’s quarterly revenue was up 20.4% on a year-over-year basis. As a group, research analysts anticipate that Revolve Group, Inc. will post 0.70 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently issued reports on RVLV. Raymond James Financial cut their price target on Revolve Group from $28.00 to $25.00 and set an “outperform” rating on the stock in a report on Friday, October 16th. Stifel Nicolaus set a $31.00 price objective on Revolve Group in a research note on Wednesday, November 4th. Weiss Ratings downgraded Revolve Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday. TD Cowen dropped their target price on Revolve Group from $31.00 to $25.00 and set a “buy” rating on the stock in a research report on Wednesday, November 4th. Finally, Morgan Stanley set a $25.00 target price on Revolve Group in a research note on Wednesday, November 4th. Eight equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $29.17.

Revolve Group Company Profile

Revolve Group, Inc. is a fashion retailer that operates online platforms serving consumers seeking contemporary and luxury apparel. Its business combines e-commerce with fashion content, brand partnerships and influencer-driven marketing. The company operates REVOLVE, which focuses on contemporary fashion, and FWRD, which offers luxury designer clothing and accessories. Its assortment includes apparel, footwear, handbags, accessories and beauty products from third-party labels, alongside products from its own brands.