17,577 Shares in Revolve Group, Inc. (NYSE:RVLV) Purchased by Brevan Howard Capital Management LP

Brevan Howard Capital Management LP acquired a new position in shares of Revolve Group, Inc. (NYSE:RVLV - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 17,577 shares of the company's stock, valued at approximately $589,000.

A number of other large investors have also made changes to their positions in RVLV. Barclays PLC raised its stake in shares of Revolve Group by 156.7% in the 3rd quarter. Barclays PLC now owns 85,613 shares of the company's stock valued at $2,122,000 after purchasing an additional 52,257 shares in the last quarter. Franklin Resources Inc. boosted its holdings in Revolve Group by 6.9% during the third 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. JPMorgan Chase & Co. boosted its holdings in Revolve Group by 83.4% during the third quarter. JPMorgan Chase & Co. now owns 349,670 shares of the company's stock worth $8,665,000 after buying an additional 158,960 shares in the last quarter. Sugar Maple Asset Management LLC purchased a new stake in shares of Revolve Group in the 4th quarter valued at approximately $50,000. Finally, Dakota Wealth Management acquired a new position in shares of Revolve Group in the fourth quarter worth $211,000. Hedge funds and other institutional investors own 67.60% of the company's stock.

Insider Buying and Selling

In other news, CEO Michael Karanikolas sold 12,566 shares of the business'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 completion of the transaction, the chief executive officer now directly owns 123,000 shares of the company's stock, valued at approximately $3,190,620. The trade was a 9.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Michael Mente sold 67,118 shares of the company's stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $30.91, for a total value of $2,074,617.38. Following the completion of the transaction, the chief executive officer now directly owns 73,000 shares of the company's stock, valued at $2,256,430. This trade represents a 47.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. 46.56% of the stock is owned by corporate insiders.

Revolve Group Stock Up 4.6%

Revolve Group stock traded up $0.91 during mid-day trading on Thursday, reaching $20.80. 390,393 shares of the company's stock traded hands, compared to its average volume of 1,154,585. Revolve Group, Inc. has a 12-month low of $14.87 and a 12-month high of $39.58. The company has a market cap of $1.48 billion, a price-to-earnings ratio of 36.84, a PEG ratio of 1.48 and a beta of 2.10. The stock has a 50 day moving average of $20.74 and a two-hundred day moving average of $27.86.

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

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on RVLV. Robert W. Baird lowered their price target on Revolve Group from $25.00 to $23.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 7th. BMO Capital Markets increased their price objective on shares of Revolve Group from $15.00 to $19.00 and gave the company a "market perform" rating in a report on Wednesday, February 26th. Morgan Stanley dropped their price objective on shares of Revolve Group from $29.00 to $21.00 and set an "equal weight" rating on the stock in a report on Thursday, April 17th. Stifel Nicolaus lowered their price target on shares of Revolve Group from $40.00 to $28.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Finally, UBS Group decreased their price objective on shares of Revolve Group from $22.00 to $19.00 and set a "neutral" rating for the company in a research report on Wednesday, May 7th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $26.00.

About Revolve Group

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.