New York State Common Retirement Fund Buys 40,562 Shares of Revolve Group, Inc. $RVLV

New York State Common Retirement Fund boosted its stake in shares of Revolve Group, Inc. (NYSE:RVLV) by 24.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 205,265 shares of the company’s stock after purchasing an additional 40,562 shares during the quarter. New York State Common Retirement Fund owned 0.29% of Revolve Group worth $4,372,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. State of Alaska Department of Revenue bought a new position in shares of Revolve Group during the 3rd quarter worth about $46,000. Generali Investments Towarzystwo Funduszy Inwestycyjnych acquired a new stake in Revolve Group during the second quarter worth about $60,000. Elevation Point Wealth Partners LLC acquired a new stake in Revolve Group during the second quarter worth about $68,000. Logan Capital Management Inc. increased its stake in Revolve Group by 35.5% during the second quarter. Logan Capital Management Inc. now owns 5,579 shares of the company’s stock valued at $112,000 after acquiring an additional 1,463 shares during the period. Finally, Quantbot Technologies LP acquired a new position in Revolve Group in the 2nd quarter valued at approximately $159,000. 67.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have commented on RVLV. Morgan Stanley raised their price objective on Revolve Group from $26.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 13th. UBS Group set a $27.00 target price on Revolve Group in a research report on Tuesday, January 13th. Jefferies Financial Group reissued a “buy” rating and issued a $34.00 price target on shares of Revolve Group in a report on Thursday, December 18th. Roth Mkm restated a “buy” rating and issued a $30.00 price objective (up previously from $27.00) on shares of Revolve Group in a research note on Wednesday, November 5th. Finally, Stifel Nicolaus lifted their target price on shares of Revolve Group from $28.00 to $33.00 and gave the company a “buy” rating in a research report on Friday, December 12th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $27.62.

Insider Buying and Selling

In other Revolve Group news, CEO Michael Mente sold 114,024 shares of the company’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $26.67, for a total transaction of $3,041,020.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have sold 763,335 shares of company stock valued at $22,105,769 in the last quarter. 43.82% of the stock is owned by insiders.

Revolve Group Price Performance

Revolve Group stock opened at $26.97 on Friday. The firm has a market capitalization of $1.92 billion, a P/E ratio of 35.49, a P/E/G ratio of 2.52 and a beta of 1.79. The stock has a fifty day moving average price of $28.94 and a two-hundred day moving average price of $24.42. Revolve Group, Inc. has a 52-week low of $16.80 and a 52-week high of $32.06.

Revolve Group (NYSE:RVLV) last posted its earnings results on Tuesday, November 4th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.13. The business had revenue of $295.63 million for the quarter, compared to analyst estimates of $297.36 million. Revolve Group had a net margin of 4.64% and a return on equity of 11.26%. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.15 EPS. On average, equities research analysts predict that Revolve Group, Inc. will post 0.6 EPS for the current fiscal year.

About Revolve Group

Revolve Group, Inc operates as a leading online fashion retailer primarily serving millennial and Gen Z consumers through its flagship e-commerce platform. The company offers a curated assortment of apparel, accessories and beauty products from more than 500 established and emerging brands, alongside private label labels covering contemporary and premium segments. With a focus on trend-driven merchandise and seamless user experience, the website features shoppable editorial content and digital styling advice aimed at strengthening customer engagement and brand loyalty.

Founded in 2003 and headquartered in Cerritos, California, Revolve has expanded its footprint beyond North America by launching localized sites and logistics centers in Europe and the Middle East.