Revolve Group, Inc. $RVLV Shares Sold by ProShare Advisors LLC

ProShare Advisors LLC trimmed its position in Revolve Group, Inc. (NYSE:RVLV) by 38.6% during the third quarter, HoldingsChannel.com reports. The firm owned 91,868 shares of the company’s stock after selling 57,764 shares during the quarter. ProShare Advisors LLC’s holdings in Revolve Group were worth $1,960,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Cooper Creek Partners Management LLC raised its position in Revolve Group by 36.7% in the 1st quarter. Cooper Creek Partners Management LLC now owns 2,069,237 shares of the company’s stock valued at $46,785,000 after buying an additional 555,153 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Revolve Group by 6.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 904,319 shares of the company’s stock worth $20,444,000 after acquiring an additional 55,734 shares in the last quarter. Bank of America Corp DE grew its stake in shares of Revolve Group by 48.2% during the 1st quarter. Bank of America Corp DE now owns 624,985 shares of the company’s stock worth $14,131,000 after acquiring an additional 203,216 shares in the last quarter. Segall Bryant & Hamill LLC raised its holdings in shares of Revolve Group by 63.0% in the first quarter. Segall Bryant & Hamill LLC now owns 513,621 shares of the company’s stock valued at $11,613,000 after purchasing an additional 198,448 shares during the last quarter. Finally, Squarepoint Ops LLC raised its holdings in shares of Revolve Group by 9.8% in the second quarter. Squarepoint Ops LLC now owns 182,224 shares of the company’s stock valued at $4,171,000 after purchasing an additional 16,228 shares during the last quarter. 67.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on RVLV. Raymond James Financial decreased their price objective on Revolve Group from $28.00 to $25.00 and set an “outperform” rating for the company in a report on Friday, October 16th. Zacks Research lowered Revolve Group from a “hold” rating to a “strong sell” rating in a research report on Wednesday. Morgan Stanley set a $25.00 price objective on Revolve Group in a research note on Wednesday. Wall Street Zen downgraded Revolve Group from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Finally, Roth Capital reissued a “buy” rating and issued a $37.00 target price on shares of Revolve Group in a research note on Wednesday, August 5th. Eight 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 stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $29.17.

Revolve Group Stock Down 2.3%

Shares of RVLV stock traded down $0.44 during trading on Friday, reaching $18.60. 1,076,856 shares of the company’s stock were exchanged, compared to its average volume of 700,302. The stock has a market capitalization of $1.32 billion, a PE ratio of 20.21, a PEG ratio of 2.78 and a beta of 1.62. Revolve Group, Inc. has a twelve month low of $17.35 and a twelve month high of $31.68. The firm’s fifty day moving average price is $21.44 and its 200-day moving average price is $23.13.

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). The company had revenue of $355.96 million for the quarter, compared to analyst estimates of $345.49 million. Revolve Group had a return on equity of 13.38% and a net margin of 5.54%. The company’s revenue was up 20.4% on a year-over-year basis. During the same quarter last year, the business earned $0.29 earnings per share. As a group, analysts anticipate that Revolve Group, Inc. will post 0.70 EPS for the current fiscal year.

Revolve Group Profile

Revolve Group, Inc operates a digital commerce platform focused on fashion and lifestyle products. Through its REVOLVE and FWRD platforms, the company offers women’s and men’s apparel, footwear, accessories, beauty products and other lifestyle merchandise from established and emerging brands. Its portfolio also includes proprietary and exclusive brands, including superdown and Song of Style.

The company primarily reaches customers through its e-commerce websites and mobile experiences, supported by influencer marketing, social media, content creation and data-driven merchandising.