ProShare Advisors LLC Reduces Holdings in Revolve Group, Inc. (NYSE:RVLV)

ProShare Advisors LLC lessened its stake in Revolve Group, Inc. (NYSE:RVLV - Free Report) by 31.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 104,583 shares of the company's stock after selling 47,240 shares during the period. ProShare Advisors LLC owned about 0.15% of Revolve Group worth $3,502,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in RVLV. Balyasny Asset Management L.P. lifted its stake in Revolve Group by 596.9% during the fourth quarter. Balyasny Asset Management L.P. now owns 795,607 shares of the company's stock worth $26,645,000 after purchasing an additional 681,451 shares during the period. Driehaus Capital Management LLC bought a new position in shares of Revolve Group in the fourth quarter valued at approximately $14,531,000. Algert Global LLC raised its stake in shares of Revolve Group by 235.6% in 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 during the last quarter. Federated Hermes Inc. raised its stake in shares of Revolve Group by 205.6% in the fourth quarter. Federated Hermes Inc. now owns 237,314 shares of the company's stock valued at $7,948,000 after acquiring an additional 159,655 shares during the last quarter. Finally, EAM Global Investors LLC bought a new position in shares of Revolve Group in the fourth quarter valued at approximately $4,440,000. Institutional investors own 67.60% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on RVLV. Morgan Stanley lowered their price target on shares of Revolve Group from $29.00 to $21.00 and set an "equal weight" rating for the company in a report on Thursday, April 17th. Raymond James lowered their price target on shares of Revolve Group from $25.00 to $21.00 and set an "outperform" rating for the company in a report on Wednesday, May 7th. Jefferies Financial Group raised shares of Revolve Group from a "hold" rating to a "buy" rating and set a $30.00 price target for the company in a report on Friday, March 14th. Robert W. Baird lowered their price target on shares of Revolve Group from $25.00 to $23.00 and set a "neutral" rating for the company in a report on Wednesday, May 7th. Finally, UBS Group lowered their target price on shares of Revolve Group from $22.00 to $19.00 and set a "neutral" rating for the company in a report on Wednesday, May 7th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $26.07.

Insider Buying and Selling

In other news, CEO Michael Karanikolas sold 12,566 shares of the stock in a transaction on 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 owns 123,000 shares of the company's stock, valued at $3,190,620. This represents a 9.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 43.82% of the stock is currently owned by insiders.

Revolve Group Trading Down 1.3%

Shares of RVLV stock traded down $0.26 during trading on Friday, reaching $19.36. 1,277,588 shares of the company's stock traded hands, compared to its average volume of 1,173,270. The company has a market capitalization of $1.38 billion, a P/E ratio of 34.58, a PEG ratio of 1.48 and a beta of 2.10. The firm's 50-day moving average is $20.36 and its 200 day moving average is $27.54. Revolve Group, Inc. has a 1 year low of $14.87 and a 1 year high of $39.58.

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

About Revolve Group

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.