Sugar Maple Asset Management LLC Acquires New Position in Revolve Group, Inc. (NYSE:RVLV)

Sugar Maple Asset Management LLC bought a new stake in shares of Revolve Group, Inc. (NYSE:RVLV) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 1,500 shares of the company’s stock, valued at approximately $50,000.

Several other institutional investors also recently made changes to their positions in the stock. Precision Wealth Strategies LLC grew its holdings in shares of Revolve Group by 3.3% during the third quarter. Precision Wealth Strategies LLC now owns 12,741 shares of the company’s stock valued at $316,000 after purchasing an additional 407 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in Revolve Group by 249.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,126 shares of the company’s stock worth $28,000 after buying an additional 804 shares in the last quarter. Franklin Resources Inc. grew its holdings 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 buying an additional 1,753 shares in the last quarter. Benjamin F. Edwards & Company Inc. grew its holdings in Revolve Group by 91.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 4,069 shares of the company’s stock worth $65,000 after buying an additional 1,940 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Revolve Group by 0.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 315,213 shares of the company’s stock worth $7,811,000 after buying an additional 2,963 shares in the last quarter. 67.60% of the stock is owned by institutional investors.

Insider Buying and Selling at Revolve Group

In other news, CFO Jesse Timmermans sold 91,625 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $30.72, for a total value of $2,814,720.00. Following the transaction, the chief financial officer now directly owns 3,054 shares of the company’s stock, valued at approximately $93,818.88. This represents a 96.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Michael Mente sold 20,373 shares of the company’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $25.95, for a total transaction of $528,679.35. 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 21.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 900,807 shares of company stock valued at $29,507,102 in the last three months. 46.56% of the stock is currently owned by company insiders.

Revolve Group Stock Performance

Shares of NYSE:RVLV opened at $30.00 on Tuesday. Revolve Group, Inc. has a one year low of $13.96 and a one year high of $39.58. The stock has a fifty day moving average of $33.96 and a 200-day moving average of $26.78. The company has a market capitalization of $2.12 billion, a PE ratio of 53.58, a price-to-earnings-growth ratio of 1.52 and a beta of 2.18.

Revolve Group (NYSE:RVLV) last announced its earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.05. Revolve Group had a net margin of 3.72% and a return on equity of 10.17%. The company had revenue of $283.15 million for the quarter, compared to the consensus estimate of $271.08 million. During the same period in the previous year, the business earned $0.04 EPS. The company’s revenue was up 9.9% on a year-over-year basis. As a group, research analysts forecast that Revolve Group, Inc. will post 0.6 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on RVLV shares. BTIG Research increased their price objective on Revolve Group from $30.00 to $35.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Evercore ISI upped their target price on Revolve Group from $21.00 to $33.00 and gave the stock an “in-line” rating in a research report on Wednesday, November 6th. Roth Mkm restated a “buy” rating and issued a $35.00 target price (up from $29.00) on shares of Revolve Group in a research report on Wednesday, November 6th. UBS Group upped their target price on Revolve Group from $25.00 to $30.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Finally, TD Cowen upped their target price on Revolve Group from $28.00 to $34.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $29.07.

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.