Silvercrest Asset Management Group LLC Trims Holdings in Revolve Group, Inc. (NYSE:RVLV)

Silvercrest Asset Management Group LLC decreased its position in shares of Revolve Group, Inc. (NYSE:RVLV - Free Report) by 26.1% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 341,984 shares of the company's stock after selling 120,709 shares during the period. Silvercrest Asset Management Group LLC owned about 0.48% of Revolve Group worth $11,453,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Venturi Wealth Management LLC raised its stake in Revolve Group by 1,302.1% during the 4th quarter. Venturi Wealth Management LLC now owns 1,346 shares of the company's stock worth $45,000 after acquiring an additional 1,250 shares during the period. Sugar Maple Asset Management LLC bought a new position in shares of Revolve Group in the fourth quarter worth about $50,000. Castlekeep Investment Advisors LLC purchased a new stake in Revolve Group in the fourth quarter worth about $65,000. Northwest & Ethical Investments L.P. bought a new stake in shares of Revolve Group in the 4th quarter valued at about $87,000. Finally, Harvest Fund Management Co. Ltd purchased a new stake in Revolve Group during the 4th quarter worth approximately $117,000. Hedge funds and other institutional investors own 67.60% of the company's stock.

Revolve Group Price Performance

NYSE:RVLV traded down $0.61 during trading hours on Wednesday, hitting $20.03. The stock had a trading volume of 1,050,882 shares, compared to its average volume of 1,168,306. The firm has a market capitalization of $1.43 billion, a price-to-earnings ratio of 35.76, a P/E/G ratio of 1.48 and a beta of 2.10. Revolve Group, Inc. has a one year low of $14.87 and a one year high of $39.58. The company has a 50 day simple moving average of $20.50 and a two-hundred day simple moving average of $27.76.

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

Wall Street Analyst Weigh In

Several research firms have commented on RVLV. Roth Mkm reiterated a "buy" rating and set a $36.00 price objective (up from $35.00) on shares of Revolve Group in a research note on Wednesday, February 26th. UBS Group decreased their target price on shares of Revolve Group from $22.00 to $19.00 and set a "neutral" rating for the company in a research note on Wednesday, May 7th. Barclays restated a "reduce" rating on shares of Revolve Group in a report on Wednesday, May 7th. Stifel Nicolaus decreased their price objective on Revolve Group from $40.00 to $28.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Finally, Piper Sandler reduced their price target on Revolve Group from $35.00 to $22.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $26.07.

Insider Activity

In related news, CEO Michael Karanikolas sold 12,566 shares of the company's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $25.94, for a total transaction of $325,962.04. Following the transaction, the chief executive officer now directly owns 123,000 shares in the company, valued at approximately $3,190,620. This represents a 9.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 43.82% of the stock is owned by corporate insiders.

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.