ProShare Advisors LLC Sells 57,764 Shares of Revolve Group, Inc. $RVLV

ProShare Advisors LLC trimmed its position in shares of Revolve Group, Inc. (NYSE:RVLV) by 38.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 91,868 shares of the company’s stock after selling 57,764 shares during the quarter. ProShare Advisors LLC owned approximately 0.13% of Revolve Group worth $1,960,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Cooper Creek Partners Management LLC grew its position in Revolve Group by 36.7% during the 1st quarter. Cooper Creek Partners Management LLC now owns 2,069,237 shares of the company’s stock worth $46,785,000 after acquiring an additional 555,153 shares during the last quarter. Bank of America Corp DE boosted its stake in Revolve Group by 48.2% in the first quarter. Bank of America Corp DE now owns 624,985 shares of the company’s stock worth $14,131,000 after purchasing an additional 203,216 shares in the last quarter. Segall Bryant & Hamill LLC boosted its stake in Revolve Group by 63.0% in the first quarter. Segall Bryant & Hamill LLC now owns 513,621 shares of the company’s stock worth $11,613,000 after purchasing an additional 198,448 shares in the last quarter. Madison Asset Management LLC bought a new stake in shares of Revolve Group during the second quarter worth $2,946,000. Finally, Walleye Capital LLC acquired a new stake in shares of Revolve Group in the first quarter valued at $2,871,000. Institutional investors own 67.60% of the company’s stock.

Revolve Group Trading Down 2.3%

Shares of NYSE:RVLV traded down $0.44 during mid-day trading on Friday, reaching $18.60. The stock had a trading volume of 1,076,856 shares, compared to its average volume of 700,302. The firm has a market cap of $1.32 billion, a PE ratio of 20.21, a price-to-earnings-growth ratio of 2.78 and a beta of 1.62. The firm has a 50 day simple moving average of $21.44 and a two-hundred day simple moving average of $23.13. Revolve Group, Inc. has a twelve month low of $17.35 and a twelve month high of $31.68.

Revolve Group (NYSE:RVLV) last issued its quarterly earnings data on Tuesday, November 3rd. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.02). Revolve Group had a return on equity of 13.38% and a net margin of 5.54%. The business had revenue of $355.96 million for the quarter, compared to analyst estimates of $345.49 million. During the same period in the previous year, the business posted $0.29 EPS. The business’s quarterly revenue was up 20.4% compared to the same quarter last year. On average, equities analysts anticipate that Revolve Group, Inc. will post 0.70 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Stifel Nicolaus set a $31.00 price target on Revolve Group in a report on Wednesday. Raymond James Financial lowered their price target on shares of Revolve Group from $28.00 to $25.00 and set an “outperform” rating for the company in a research report on Friday, October 16th. Piper Sandler dropped their price target on shares of Revolve Group from $30.00 to $26.00 and set an “overweight” rating for the company in a research note on Wednesday. TD Cowen cut their price objective on shares of Revolve Group from $31.00 to $25.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, UBS Group lowered their target price on shares of Revolve Group from $27.00 to $26.00 and set a “neutral” rating for the company in a report on Wednesday. Eight research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Revolve Group has a consensus rating of “Moderate Buy” and a consensus price target of $29.17.

Revolve Group Company Profile

Revolve Group, Inc operates a digital commerce platform focused on fashion and lifestyle products. Through its REVOLVE and FWRD platforms, the company offers women’s and men’s apparel, footwear, accessories, beauty products and other lifestyle merchandise from established and emerging brands. Its portfolio also includes proprietary and exclusive brands, including superdown and Song of Style.

The company primarily reaches customers through its e-commerce websites and mobile experiences, supported by influencer marketing, social media, content creation and data-driven merchandising.