Farther Finance Advisors LLC Buys 804 Shares of Revolve Group, Inc. (NYSE:RVLV)

Farther Finance Advisors LLC lifted its position in shares of Revolve Group, Inc. (NYSE:RVLV) by 249.7% during the third quarter, Holdings Channel reports. The institutional investor owned 1,126 shares of the company’s stock after purchasing an additional 804 shares during the period. Farther Finance Advisors LLC’s holdings in Revolve Group were worth $28,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Comerica Bank grew its holdings 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 purchasing an additional 178,475 shares in the last quarter. Silvercrest Asset Management Group LLC grew its position in Revolve Group by 55.7% in the 1st 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 during the last quarter. XTX Topco Ltd boosted its position in Revolve Group by 148.4% in the 2nd quarter. XTX Topco Ltd now owns 39,586 shares of the company’s stock valued at $630,000 after buying an additional 23,652 shares during the period. Harbor Capital Advisors Inc. grew its stake in Revolve Group by 410.8% in the second quarter. Harbor Capital Advisors Inc. now owns 73,336 shares of the company’s stock worth $1,167,000 after purchasing an additional 58,979 shares in the last quarter. Finally, Westfield Capital Management Co. LP purchased a new stake in Revolve Group in the first quarter worth about $33,735,000. Institutional investors own 67.60% of the company’s stock.

Wall Street Analysts Forecast Growth

RVLV has been the topic of a number of recent research reports. TD Cowen raised their price objective on Revolve Group from $28.00 to $34.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Robert W. Baird upped their price target on shares of Revolve Group from $24.00 to $33.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. BTIG Research boosted their price target on Revolve Group from $30.00 to $35.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Piper Sandler raised their price objective on shares of Revolve Group from $30.00 to $35.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $35.00 price objective (up previously from $29.00) on shares of Revolve Group in a report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $26.19.

Insider Buying and Selling

In related news, CFO Jesse Timmermans sold 91,625 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $30.72, for a total transaction of $2,814,720.00. Following the transaction, the chief financial officer now owns 3,054 shares of the company’s stock, valued at $93,818.88. This represents a 96.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Mmmk Development, Inc. sold 6,493 shares of the firm’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 disclosure for this sale can be found here. Over the last quarter, insiders sold 436,571 shares of company stock worth $12,890,034. Corporate insiders own 46.56% of the company’s stock.

Revolve Group Stock Performance

RVLV stock opened at $32.89 on Friday. Revolve Group, Inc. has a one year low of $13.24 and a one year high of $35.20. The firm has a market cap of $2.32 billion, a PE ratio of 58.73, a PEG ratio of 2.10 and a beta of 2.05. The firm’s 50 day moving average price is $26.20 and its 200-day moving average price is $21.74.

Revolve Group (NYSE:RVLV) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.10 by $0.05. The business had revenue of $283.15 million during the quarter, compared to analyst estimates of $271.08 million. Revolve Group had a net margin of 3.72% and a return on equity of 10.17%. The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.04 earnings per share. Equities research analysts predict that Revolve Group, Inc. will post 0.6 EPS for the current fiscal year.

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.