Silvercrest Asset Management Group LLC Has $11.45 Million Stake in Revolve Group, Inc. (NYSE:RVLV)

Silvercrest Asset Management Group LLC lessened its position in shares of Revolve Group, Inc. (NYSE:RVLV - Free Report) by 26.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 341,984 shares of the company's stock after selling 120,709 shares during the quarter. Silvercrest Asset Management Group LLC owned approximately 0.48% of Revolve Group worth $11,453,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Balyasny Asset Management L.P. increased its stake in Revolve Group by 596.9% in the fourth quarter. Balyasny Asset Management L.P. now owns 795,607 shares of the company's stock valued at $26,645,000 after acquiring an additional 681,451 shares during the period. Driehaus Capital Management LLC acquired a new stake in Revolve Group during the fourth quarter valued at approximately $14,531,000. Algert Global LLC grew its stake in shares of Revolve Group by 235.6% in the 4th quarter. Algert Global LLC now owns 303,289 shares of the company's stock valued at $10,157,000 after purchasing an additional 212,914 shares during the period. Federated Hermes Inc. raised its holdings in shares of Revolve Group by 205.6% in the 4th quarter. Federated Hermes Inc. now owns 237,314 shares of the company's stock worth $7,948,000 after buying an additional 159,655 shares in the last quarter. Finally, EAM Global Investors LLC acquired a new position in shares of Revolve Group in the 4th quarter worth approximately $4,440,000. 67.60% of the stock is currently owned by institutional investors.

Revolve Group Stock Down 1.9%

RVLV stock traded down $0.37 during trading on Friday, hitting $19.26. The company had a trading volume of 219,903 shares, compared to its average volume of 1,465,210. The firm has a 50-day moving average price of $20.40 and a 200-day moving average price of $27.66. Revolve Group, Inc. has a 12 month low of $14.87 and a 12 month high of $39.58. The stock has a market cap of $1.37 billion, a price-to-earnings ratio of 34.38, a PEG ratio of 1.48 and a beta of 2.10.

Revolve Group (NYSE:RVLV - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.16 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 company had revenue of $296.71 million during the quarter, compared to analysts' expectations of $297.56 million. During the same period last year, the firm earned $0.15 EPS. The business's revenue for the quarter was up 9.7% on a year-over-year basis. Equities analysts expect that Revolve Group, Inc. will post 0.6 EPS for the current year.

Wall Street Analyst Weigh In

RVLV has been the topic of a number of analyst reports. Jefferies Financial Group upgraded Revolve Group from a "hold" rating to a "buy" rating and set a $30.00 price target on the stock in a research report on Friday, March 14th. Barclays reaffirmed a "reduce" rating on shares of Revolve Group in a report on Wednesday, May 7th. Robert W. Baird dropped their target price on shares of Revolve Group from $25.00 to $23.00 and set a "neutral" rating for the company in a research report on Wednesday, May 7th. Piper Sandler reduced 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 report on Friday, April 11th. Finally, UBS Group dropped their price objective 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 issued a buy rating to the company. According to MarketBeat.com, Revolve Group has an average rating of "Hold" and a consensus price target of $26.07.

Insiders Place Their Bets

In other Revolve Group news, CEO Michael Karanikolas sold 12,566 shares of the firm's stock in a transaction that occurred 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 directly owns 123,000 shares of the company's stock, valued at approximately $3,190,620. This trade represents a 9.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 43.82% of the company's stock.

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.