Invesco Ltd. Sells 36,358 Shares of Revolve Group, Inc. $RVLV

Invesco Ltd. cut its holdings in Revolve Group, Inc. (NYSE:RVLV - Free Report) by 36.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 64,136 shares of the company's stock after selling 36,358 shares during the period. Invesco Ltd. owned about 0.09% of Revolve Group worth $1,378,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. CWM LLC boosted its position in Revolve Group by 40.4% during the 1st quarter. CWM LLC now owns 2,905 shares of the company's stock valued at $62,000 after purchasing an additional 836 shares during the period. Castlekeep Investment Advisors LLC acquired a new position in shares of Revolve Group during the fourth quarter valued at $65,000. Wallace Advisory Group LLC bought a new position in shares of Revolve Group during the first quarter worth about $136,000. Neo Ivy Capital Management acquired a new position in Revolve Group during the 4th quarter valued at about $156,000. Finally, First Trust Advisors LP bought a new stake in Revolve Group during the 4th quarter valued at $209,000. Institutional investors own 67.60% of the company's stock.

Analyst Ratings Changes

RVLV has been the subject of a number of recent analyst reports. Raymond James Financial increased their target price on shares of Revolve Group from $21.00 to $25.00 and gave the company an "outperform" rating in a research report on Tuesday, July 22nd. Barclays reiterated a "reduce" rating on shares of Revolve Group in a report on Wednesday, May 7th. UBS Group restated a "neutral" rating and issued a $22.00 target price (up from $19.00) on shares of Revolve Group in a research report on Friday, July 25th. Morgan Stanley lifted their price target on Revolve Group from $22.00 to $24.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 6th. Finally, KeyCorp lowered their target price on Revolve Group from $37.00 to $25.00 and set an "overweight" rating on the stock in a report on Wednesday, May 7th. Ten investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Revolve Group currently has an average rating of "Moderate Buy" and an average price target of $27.40.

Revolve Group Stock Performance

Shares of NYSE RVLV traded up $0.31 during mid-day trading on Thursday, reaching $22.91. The company had a trading volume of 916,307 shares, compared to its average volume of 1,383,013. The stock has a market capitalization of $1.63 billion, a PE ratio of 36.94, a price-to-earnings-growth ratio of 2.44 and a beta of 1.94. Revolve Group, Inc. has a twelve month low of $16.80 and a twelve month high of $39.58. The stock's 50 day moving average is $21.25 and its 200-day moving average is $21.59.

Revolve Group (NYSE:RVLV - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.02. The company had revenue of $308.97 million for the quarter, compared to analyst estimates of $297.91 million. Revolve Group had a return on equity of 10.17% and a net margin of 3.83%.The business's revenue was up 9.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.21 EPS. On average, sell-side analysts anticipate that Revolve Group, Inc. will post 0.6 EPS for the current 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.