Northern Trust Corp Increases Stock Position in Revolve Group, Inc. (NYSE:RVLV)

Northern Trust Corp lifted its holdings in Revolve Group, Inc. (NYSE:RVLV - Free Report) by 4.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 379,788 shares of the company's stock after buying an additional 14,703 shares during the quarter. Northern Trust Corp owned approximately 0.54% of Revolve Group worth $12,719,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of RVLV. Federated Hermes Inc. increased its stake in Revolve Group by 205.6% during the 4th quarter. Federated Hermes Inc. now owns 237,314 shares of the company's stock valued at $7,948,000 after purchasing an additional 159,655 shares in the last quarter. EAM Global Investors LLC bought a new stake in shares of Revolve Group during the fourth quarter valued at approximately $4,440,000. Teacher Retirement System of Texas purchased a new position in Revolve Group in the 4th quarter worth approximately $4,185,000. EAM Investors LLC purchased a new position in Revolve Group in the 4th quarter worth approximately $3,969,000. Finally, Barclays PLC lifted its position in Revolve Group by 132.1% in the 4th quarter. Barclays PLC now owns 198,705 shares of the company's stock valued at $6,656,000 after acquiring an additional 113,092 shares in the last quarter. 67.60% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on RVLV shares. Jefferies Financial Group raised Revolve Group from a "hold" rating to a "buy" rating and set a $30.00 price target on the stock in a report on Friday, March 14th. Morgan Stanley dropped their price target on shares of Revolve Group from $29.00 to $21.00 and set an "equal weight" rating on the stock in a report on Thursday, April 17th. Barclays reissued a "reduce" rating on shares of Revolve Group in a report on Wednesday, May 7th. UBS Group lowered their price objective on shares of Revolve Group from $22.00 to $19.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 7th. Finally, Roth Mkm restated a "buy" rating and issued a $36.00 target price (up previously from $35.00) on shares of Revolve Group in a report on Wednesday, February 26th. One 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's stock. According to data from MarketBeat, Revolve Group has a consensus rating of "Hold" and an average price target of $26.07.

Revolve Group Stock Down 0.6%

NYSE:RVLV traded down $0.12 during mid-day trading on Tuesday, hitting $20.66. 1,077,217 shares of the company traded hands, compared to its average volume of 1,166,473. The stock's fifty day moving average price is $20.52 and its 200-day moving average price is $27.81. The firm has a market cap of $1.47 billion, a price-to-earnings ratio of 36.89, a price-to-earnings-growth 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.

Revolve Group (NYSE:RVLV - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.16 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $297.56 million. During the same period in the previous year, the company posted $0.15 EPS. The firm's revenue was up 9.7% on a year-over-year basis. Equities analysts predict that Revolve Group, Inc. will post 0.6 EPS for the current year.

Insider Transactions at Revolve Group

In related news, CEO Michael Karanikolas sold 12,566 shares of Revolve Group stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $25.94, for a total transaction of $325,962.04. Following the sale, the chief executive officer now owns 123,000 shares of the company's stock, valued at approximately $3,190,620. This trade represents a 9.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 43.82% of the company's stock.

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.