Harbor Capital Advisors Inc. Purchases 33,812 Shares of Revolve Group, Inc. (NYSE:RVLV)

Harbor Capital Advisors Inc. grew its holdings in Revolve Group, Inc. (NYSE:RVLV) by 46.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 107,148 shares of the company’s stock after purchasing an additional 33,812 shares during the quarter. Harbor Capital Advisors Inc. owned about 0.15% of Revolve Group worth $2,655,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Westfield Capital Management Co. LP bought a new position in shares of Revolve Group during the 1st quarter worth about $33,735,000. Dimensional Fund Advisors LP increased its stake in Revolve Group by 22.1% during the second quarter. Dimensional Fund Advisors LP now owns 683,101 shares of the company’s stock valued at $10,867,000 after acquiring an additional 123,745 shares during the period. Marshall Wace LLP increased its stake in Revolve Group by 141.2% during the second quarter. Marshall Wace LLP now owns 478,623 shares of the company’s stock valued at $7,615,000 after acquiring an additional 280,151 shares during the period. Silvercrest Asset Management Group LLC raised its holdings in Revolve Group by 55.7% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 376,620 shares of the company’s stock valued at $7,973,000 after acquiring an additional 134,775 shares in the last quarter. Finally, Millennium Management LLC lifted its position in shares of Revolve Group by 68.1% in the 2nd quarter. Millennium Management LLC now owns 342,084 shares of the company’s stock worth $5,443,000 after acquiring an additional 138,600 shares during the period. 67.60% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on RVLV shares. UBS Group lifted their price target on shares of Revolve Group from $21.00 to $25.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Wedbush reissued a “neutral” rating and issued a $19.00 target price on shares of Revolve Group in a research note on Wednesday, August 7th. TD Cowen increased their price target on shares of Revolve Group from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Monday, August 26th. Evercore ISI upped their price objective on Revolve Group from $20.00 to $21.00 and gave the company an “in-line” rating in a research note on Wednesday, August 7th. Finally, Robert W. Baird boosted their price target on Revolve Group from $23.00 to $24.00 and gave the company a “neutral” rating in a research note on Wednesday, August 14th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $22.44.

Insider Transactions at Revolve Group

In other news, major shareholder Mmmk Development, Inc. sold 6,493 shares of the company’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $25.92, for a total transaction of $168,298.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Revolve Group news, CEO Michael Mente sold 36,114 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $25.95, for a total value of $937,158.30. Following the completion of the transaction, the chief executive officer now directly owns 73,000 shares in the company, valued at $1,894,350. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Mmmk Development, Inc. sold 6,493 shares of the company’s stock in a transaction that occurred on 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. Insiders sold 124,573 shares of company stock valued at $3,260,634 over the last three months. Company insiders own 46.56% of the company’s stock.

Revolve Group Price Performance

Shares of Revolve Group stock opened at $25.27 on Tuesday. Revolve Group, Inc. has a 1 year low of $12.63 and a 1 year high of $26.72. The business has a 50-day moving average of $24.38 and a two-hundred day moving average of $20.92. The company has a market capitalization of $1.78 billion, a P/E ratio of 56.16, a price-to-earnings-growth ratio of 2.39 and a beta of 2.05.

Revolve Group (NYSE:RVLV) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.08. The company had revenue of $282.50 million during the quarter, compared to the consensus estimate of $277.06 million. Revolve Group had a return on equity of 8.35% and a net margin of 3.08%. The company’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.10 earnings per share. On average, equities analysts anticipate that Revolve Group, Inc. will post 0.56 EPS for the current fiscal year.

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.