Townsquare Capital LLC Decreases Stake in Revolve Group, Inc. (NYSE:RVLV)

Townsquare Capital LLC lessened its position in shares of Revolve Group, Inc. (NYSE:RVLV) by 6.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 125,152 shares of the company’s stock after selling 8,342 shares during the quarter. Townsquare Capital LLC’s holdings in Revolve Group were worth $3,101,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its position in shares of Revolve Group by 249.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,126 shares of the company’s stock valued at $28,000 after acquiring an additional 804 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its stake in Revolve Group by 91.1% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,069 shares of the company’s stock valued at $65,000 after purchasing an additional 1,940 shares in the last quarter. Quarry LP bought a new position in Revolve Group during the second quarter valued at $68,000. nVerses Capital LLC purchased a new position in shares of Revolve Group in the 3rd quarter worth $171,000. Finally, LMR Partners LLP bought a new stake in shares of Revolve Group in the 3rd quarter worth about $228,000. Institutional investors own 67.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on RVLV shares. BTIG Research increased their price target on shares of Revolve Group from $30.00 to $35.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. TD Cowen lifted their target price on Revolve Group from $28.00 to $34.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Wedbush restated a “neutral” rating and set a $19.00 price target on shares of Revolve Group in a report on Wednesday, August 7th. Morgan Stanley restated an “equal weight” rating and issued a $26.00 price target (up from $17.00) on shares of Revolve Group in a research report on Monday, October 21st. Finally, Piper Sandler boosted their price objective on shares of Revolve Group from $30.00 to $35.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $26.19.

Revolve Group Stock Performance

Shares of NYSE:RVLV opened at $36.08 on Friday. The firm’s 50 day simple moving average is $28.32 and its 200-day simple moving average is $22.67. Revolve Group, Inc. has a one year low of $13.24 and a one year high of $39.03. The firm has a market cap of $2.55 billion, a PE ratio of 64.43, a price-to-earnings-growth ratio of 2.33 and a beta of 2.05.

Revolve Group (NYSE:RVLV) last released its quarterly earnings data on Tuesday, November 5th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.10 by $0.05. Revolve Group had a return on equity of 10.17% and a net margin of 3.72%. The company had revenue of $283.15 million for the quarter, compared to the consensus estimate of $271.08 million. During the same period last year, the business posted $0.04 EPS. Revolve Group’s quarterly revenue was up 9.9% on a year-over-year basis. Equities research analysts predict that Revolve Group, Inc. will post 0.6 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Michael Mente sold 71,463 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $35.20, for a total transaction of $2,515,497.60. Following the transaction, the chief executive officer now directly owns 73,000 shares of the company’s stock, valued at $2,569,600. This represents a 49.47 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Mmmk Development, Inc. sold 6,493 shares of the firm’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $25.92, for a total value of $168,298.56. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 581,817 shares of company stock worth $17,870,621. 46.56% of the stock is owned by corporate insiders.

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.