Equitable Trust Co. Sells 12,802 Shares of Revolve Group, Inc. (NYSE:RVLV)

Key Points

• Equitable Trust Co. significantly reduced its stake in Revolve Group, Inc. by 48.0% in the first quarter, leaving it with 13,845 shares valued at approximately $298,000.
• Revolve Group reported an EPS of $0.16 for the recent quarter, surpassing analysts' expectations, despite revenues being slightly below projections at $296.71 million.
• Analysts have given Revolve Group a consensus rating of "Moderate Buy", with a target price averaging $26.73 based on recent reports from multiple firms.

Equitable Trust Co. reduced its position in shares of Revolve Group, Inc. (NYSE:RVLV - Free Report) by 48.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,845 shares of the company's stock after selling 12,802 shares during the quarter. Equitable Trust Co.'s holdings in Revolve Group were worth $298,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Balyasny Asset Management L.P. lifted its position in Revolve Group by 596.9% in the 4th quarter. Balyasny Asset Management L.P. now owns 795,607 shares of the company's stock worth $26,645,000 after buying an additional 681,451 shares in the last quarter. Driehaus Capital Management LLC bought a new stake in shares of Revolve Group in the 4th quarter valued at approximately $14,531,000. Segall Bryant & Hamill LLC acquired a new position in Revolve Group in the first quarter worth approximately $5,246,000. Algert Global LLC raised its position in Revolve Group by 235.6% during the fourth quarter. Algert Global LLC now owns 303,289 shares of the company's stock valued at $10,157,000 after acquiring an additional 212,914 shares in the last quarter. Finally, Woodline Partners LP acquired a new stake in Revolve Group in the fourth quarter valued at approximately $6,477,000. Hedge funds and other institutional investors own 67.60% of the company's stock.

Analyst Upgrades and Downgrades

RVLV has been the topic of several analyst reports. Piper Sandler dropped their price target on shares of Revolve Group from $35.00 to $22.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Robert W. Baird increased their target price on shares of Revolve Group from $23.00 to $25.00 and gave the stock a "neutral" rating in a research report on Friday, June 6th. Raymond James Financial raised their target price on Revolve Group from $21.00 to $25.00 and gave the company an "outperform" rating in a report on Tuesday, July 22nd. Stifel Nicolaus decreased their price target on Revolve Group from $40.00 to $28.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Finally, Cowen reissued a "buy" rating on shares of Revolve Group in a report on Friday, June 6th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, Revolve Group currently has an average rating of "Moderate Buy" and a consensus price target of $26.73.

Revolve Group Price Performance

Shares of Revolve Group stock traded up $0.29 during midday trading on Wednesday, hitting $21.19. The company had a trading volume of 277,128 shares, compared to its average volume of 1,377,244. Revolve Group, Inc. has a 1-year low of $16.80 and a 1-year high of $39.58. The business's 50 day simple moving average is $20.97 and its two-hundred day simple moving average is $23.21. The stock has a market cap of $1.51 billion, a PE ratio of 30.71, a P/E/G ratio of 2.93 and a beta of 1.98.

Revolve Group (NYSE:RVLV - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.16 earnings per share for the quarter, beating analysts' consensus estimates of $0.13 by $0.03. Revolve Group had a net margin of 4.37% and a return on equity of 11.76%. The firm had revenue of $296.71 million during the quarter, compared to the consensus estimate of $297.56 million. During the same period in the prior year, the firm earned $0.15 EPS. The business's revenue was up 9.7% on a year-over-year basis. On average, sell-side analysts expect that Revolve Group, Inc. will post 0.6 EPS for the current fiscal year.

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.