BNP Paribas Financial Markets Increases Stock Holdings in Revolve Group, Inc. (NYSE:RVLV)

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

Other institutional investors and hedge funds have also made changes to their positions in the company. Barclays PLC boosted its stake in Revolve Group by 156.7% during the 3rd quarter. Barclays PLC now owns 85,613 shares of the company's stock worth $2,122,000 after purchasing an additional 52,257 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Revolve Group by 1.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 318,683 shares of the company's stock worth $10,673,000 after purchasing an additional 3,470 shares during the last quarter. Hsbc Holdings PLC grew its holdings in Revolve Group by 21.9% in the 4th quarter. Hsbc Holdings PLC now owns 16,445 shares of the company's stock valued at $555,000 after buying an additional 2,955 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Revolve Group in the 4th quarter valued at $333,000. Finally, 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 valued at $699,000 after buying an additional 1,753 shares in the last quarter. 67.60% of the stock is currently owned by hedge funds and other institutional investors.

Revolve Group Stock Performance

RVLV stock traded up $0.26 during mid-day trading on Friday, reaching $21.00. The company had a trading volume of 1,524,647 shares, compared to its average volume of 1,166,619. The company has a market capitalization of $1.50 billion, a price-to-earnings ratio of 37.49, a price-to-earnings-growth ratio of 1.48 and a beta of 2.10. The firm has a fifty day simple moving average of $20.58 and a 200 day simple moving average of $27.81. Revolve Group, Inc. has a fifty-two week low of $14.87 and a fifty-two week high of $39.58.

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

Insider Buying and Selling at Revolve Group

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

Analysts Set New Price Targets

Several equities analysts have recently commented on RVLV shares. Stifel Nicolaus decreased their price target on Revolve Group from $40.00 to $28.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Robert W. Baird decreased their price target on Revolve Group from $25.00 to $23.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 7th. KeyCorp decreased their price target on Revolve Group from $37.00 to $25.00 and set an "overweight" rating on the stock in a research note on Wednesday, May 7th. Raymond James decreased their price target on Revolve Group from $25.00 to $21.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 7th. Finally, UBS Group decreased their target price on Revolve Group from $22.00 to $19.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 7th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, Revolve Group presently has an average rating of "Hold" and an average price target of $26.07.

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.