Tower Research Capital LLC TRC Sells 14,833 Shares of Revolve Group, Inc. (NYSE:RVLV)

Tower Research Capital LLC TRC decreased its position in shares of Revolve Group, Inc. (NYSE:RVLV - Free Report) by 86.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,264 shares of the company's stock after selling 14,833 shares during the quarter. Tower Research Capital LLC TRC's holdings in Revolve Group were worth $76,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Barclays PLC boosted its stake in Revolve Group by 156.7% in the 3rd quarter. Barclays PLC now owns 85,613 shares of the company's stock worth $2,122,000 after purchasing an additional 52,257 shares during the period. Franklin Resources Inc. boosted its stake in Revolve Group by 6.9% in the 3rd quarter. Franklin Resources Inc. now owns 27,195 shares of the company's stock worth $699,000 after purchasing an additional 1,753 shares during the period. JPMorgan Chase & Co. boosted its stake in Revolve Group by 83.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 349,670 shares of the company's stock worth $8,665,000 after purchasing an additional 158,960 shares during the period. Sugar Maple Asset Management LLC bought a new position in Revolve Group in the 4th quarter worth about $50,000. Finally, Dakota Wealth Management bought a new position in Revolve Group in the 4th quarter worth about $211,000. Institutional investors own 67.60% of the company's stock.

Revolve Group Price Performance

Revolve Group stock traded up $2.05 during trading hours on Monday, reaching $19.76. The company had a trading volume of 2,912,934 shares, compared to its average volume of 1,152,995. The company has a 50-day moving average price of $20.87 and a 200 day moving average price of $27.97. The firm has a market cap of $1.41 billion, a price-to-earnings ratio of 35.28, a P/E/G ratio of 1.48 and a beta of 2.10. Revolve Group, Inc. has a 12-month low of $14.87 and a 12-month high of $39.58.

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. The business had revenue of $296.71 million for the quarter, compared to analysts' expectations of $297.56 million. Revolve Group had a return on equity of 10.17% and a net margin of 3.72%. The business's quarterly revenue was up 9.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.15 EPS. As a group, research analysts expect that Revolve Group, Inc. will post 0.6 earnings per share for the current year.

Insider Activity

In other news, CEO Michael Karanikolas sold 12,566 shares of the business's 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 transaction, the chief executive officer now directly owns 123,000 shares of the company's stock, valued at approximately $3,190,620. The trade was a 9.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael Mente sold 67,118 shares of the business's stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $30.91, for a total value of $2,074,617.38. Following the transaction, the chief executive officer now directly owns 73,000 shares in the company, valued at $2,256,430. This trade represents a 47.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 145,406 shares of company stock valued at $4,378,812. Company insiders own 43.82% of the company's stock.

Analyst Ratings Changes

RVLV has been the subject of several analyst reports. Raymond James cut their target price on Revolve Group from $25.00 to $21.00 and set an "outperform" rating for the company in a research note on Wednesday, May 7th. UBS Group cut their target price on Revolve Group from $22.00 to $19.00 and set a "neutral" rating for the company in a research note on Wednesday, May 7th. 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 research note on Wednesday, February 26th. Piper Sandler dropped their price target on Revolve Group from $35.00 to $22.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Finally, Barclays reiterated a "reduce" rating on shares of Revolve Group in a research report on Wednesday, May 7th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Revolve Group currently has a consensus rating of "Moderate Buy" and an average target price of $26.00.

Revolve Group Company 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.