BNP Paribas Financial Markets Purchases 17,108 Shares of Revolve Group, Inc. (NYSE:RVLV)

BNP Paribas Financial Markets raised its stake in Revolve Group, Inc. (NYSE:RVLV - Free Report) by 16.4% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 121,621 shares of the company's stock after buying an additional 17,108 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.17% of Revolve Group worth $4,073,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in RVLV. Venturi Wealth Management LLC increased its holdings in shares of Revolve Group by 1,302.1% during the fourth quarter. Venturi Wealth Management LLC now owns 1,346 shares of the company's stock valued at $45,000 after purchasing an additional 1,250 shares during the period. Sugar Maple Asset Management LLC acquired a new position in shares of Revolve Group during the fourth quarter valued at $50,000. Northwest & Ethical Investments L.P. acquired a new position in shares of Revolve Group during the fourth quarter valued at $87,000. Harvest Fund Management Co. Ltd acquired a new position in shares of Revolve Group during the fourth quarter valued at $117,000. Finally, AlphaQuest LLC increased its holdings in shares of Revolve Group by 7.7% during the fourth quarter. AlphaQuest LLC now owns 5,535 shares of the company's stock valued at $185,000 after purchasing an additional 396 shares during the period. 67.60% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Stifel Nicolaus lowered their target price on Revolve Group from $40.00 to $28.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Roth Mkm reaffirmed a "buy" rating and set a $36.00 target price (up from $35.00) on shares of Revolve Group in a report on Wednesday, February 26th. Raymond James lowered their target price on Revolve Group from $25.00 to $21.00 and set an "outperform" rating on the stock in a report on Wednesday, May 7th. KeyCorp lowered their target price on Revolve Group from $37.00 to $25.00 and set an "overweight" rating on the stock in a report on Wednesday, May 7th. Finally, Robert W. Baird lowered their target price on Revolve Group from $25.00 to $23.00 and set a "neutral" rating on the stock in a report on Wednesday, May 7th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $26.07.

Revolve Group Stock Performance

NYSE:RVLV traded up $0.01 during mid-day trading on Tuesday, hitting $20.79. The company had a trading volume of 74,866 shares, compared to its average volume of 1,162,572. Revolve Group, Inc. has a fifty-two week low of $14.87 and a fifty-two week high of $39.58. The business's fifty day moving average is $20.52 and its two-hundred day moving average is $27.81. The firm has a market cap of $1.48 billion, a P/E ratio of 37.15, a P/E/G ratio of 1.48 and a beta of 2.10.

Revolve Group (NYSE:RVLV - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.13 by $0.03. The business had revenue of $296.71 million during the quarter, compared to the consensus estimate of $297.56 million. Revolve Group had a return on equity of 10.17% and a net margin of 3.72%. Revolve Group's quarterly revenue was up 9.7% on a year-over-year basis. During the same period last year, the company earned $0.15 earnings per share. Equities analysts forecast that Revolve Group, Inc. will post 0.6 earnings per share for the current year.

Insider Activity at Revolve Group

In related news, CEO Michael Karanikolas sold 12,566 shares of the company's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $25.94, for a total transaction of $325,962.04. Following the completion of the sale, the chief executive officer now directly owns 123,000 shares in the company, valued at $3,190,620. This represents a 9.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 43.82% of the stock is currently owned by corporate insiders.

Revolve Group Company 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.