Comerica Bank Has $3.98 Million Stake in Revolve Group, Inc. (NYSE:RVLV)

Comerica Bank trimmed its position in shares of Revolve Group, Inc. (NYSE:RVLV - Free Report) by 19.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 118,807 shares of the company's stock after selling 27,978 shares during the quarter. Comerica Bank owned 0.17% of Revolve Group worth $3,979,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Federated Hermes Inc. lifted its holdings in Revolve Group by 205.6% during the fourth quarter. Federated Hermes Inc. now owns 237,314 shares of the company's stock worth $7,948,000 after acquiring an additional 159,655 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Revolve Group by 83.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 349,670 shares of the company's stock worth $8,665,000 after purchasing an additional 158,960 shares in the last quarter. EAM Global Investors LLC acquired a new stake in Revolve Group during the 4th quarter worth approximately $4,440,000. Teacher Retirement System of Texas bought a new position in Revolve Group in the fourth quarter valued at approximately $4,185,000. Finally, EAM Investors LLC acquired a new position in shares of Revolve Group in the fourth quarter valued at approximately $3,969,000. Institutional investors and hedge funds own 67.60% of the company's stock.

Insider Transactions at Revolve Group

In other Revolve Group news, CEO Michael Karanikolas sold 12,566 shares of the firm's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $25.94, for a total value of $325,962.04. Following the transaction, the chief executive officer now directly owns 123,000 shares of the company's stock, valued at $3,190,620. This trade represents a 9.27 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael Mente sold 65,722 shares of the company's stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $30.10, for a total transaction of $1,978,232.20. Following the sale, the chief executive officer now directly owns 73,000 shares of the company's stock, valued at approximately $2,197,300. This trade represents a 47.38 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 145,406 shares of company stock valued at $4,378,812. 43.82% of the stock is currently owned by company insiders.

Revolve Group Price Performance

Revolve Group stock traded up $0.31 during trading hours on Friday, hitting $17.74. The company had a trading volume of 1,411,845 shares, compared to its average volume of 1,144,458. Revolve Group, Inc. has a one year low of $14.87 and a one year high of $39.58. The firm has a market cap of $1.26 billion, a PE ratio of 31.68, a PEG ratio of 1.48 and a beta of 2.10. The firm has a 50-day moving average of $20.96 and a 200 day moving average of $27.96.

Revolve Group (NYSE:RVLV - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.03. Revolve Group had a return on equity of 10.17% and a net margin of 3.72%. The business had revenue of $296.71 million during the quarter, compared to the consensus estimate of $297.56 million. During the same period in the previous year, the company posted $0.15 EPS. The firm's quarterly revenue was up 9.7% on a year-over-year basis. As a group, research analysts expect that Revolve Group, Inc. will post 0.6 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on RVLV. Robert W. Baird cut their price objective on shares of Revolve Group from $25.00 to $23.00 and set a "neutral" rating on the stock in a research report on Wednesday. KeyCorp reduced their price objective on Revolve Group from $37.00 to $25.00 and set an "overweight" rating for the company in a research report on Wednesday. Morgan Stanley dropped their target price on Revolve Group from $29.00 to $21.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 17th. Raymond James reduced their price target on Revolve Group from $25.00 to $21.00 and set an "outperform" rating for the company in a research report on Wednesday. Finally, UBS Group cut their price objective on shares of Revolve Group from $22.00 to $19.00 and set a "neutral" rating on the stock in a research report on Wednesday. One analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $26.00.

Revolve Group Company 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.