Brevan Howard Capital Management LP Invests $589,000 in Revolve Group, Inc. (NYSE:RVLV)

Brevan Howard Capital Management LP acquired a new stake in Revolve Group, Inc. (NYSE:RVLV - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 17,577 shares of the company's stock, valued at approximately $589,000.

Several other large investors have also added to or reduced their stakes in RVLV. Barclays PLC raised its holdings in Revolve Group by 156.7% in the third quarter. Barclays PLC now owns 85,613 shares of the company's stock worth $2,122,000 after purchasing an additional 52,257 shares in the last quarter. Franklin Resources Inc. boosted its position in Revolve Group by 6.9% in the third quarter. Franklin Resources Inc. now owns 27,195 shares of the company's stock worth $699,000 after purchasing an additional 1,753 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Revolve Group by 83.4% in the third quarter. JPMorgan Chase & Co. now owns 349,670 shares of the company's stock worth $8,665,000 after purchasing an additional 158,960 shares during the last quarter. Sugar Maple Asset Management LLC purchased a new position in Revolve Group in the fourth quarter worth about $50,000. Finally, Dakota Wealth Management purchased a new position in shares of Revolve Group during the 4th quarter valued at about $211,000. Institutional investors own 67.60% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on RVLV. Stifel Nicolaus lowered their price objective on Revolve Group from $40.00 to $28.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Barclays reaffirmed a "reduce" rating on shares of Revolve Group in a research report on Wednesday, May 7th. Robert W. Baird dropped their price objective on shares of Revolve Group from $25.00 to $23.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 7th. UBS Group reduced their price target on Revolve Group from $22.00 to $19.00 and set a "neutral" rating for the company in a research report on Wednesday, May 7th. Finally, Roth Mkm reissued a "buy" rating and issued a $36.00 price target (up from $35.00) on shares of Revolve Group in a research report on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, Revolve Group currently has an average rating of "Moderate Buy" and an average target price of $26.00.

Insider Activity at Revolve Group

In other news, CEO Michael Karanikolas sold 12,566 shares of the firm'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 transaction, the chief executive officer now directly owns 123,000 shares in the company, valued at $3,190,620. This trade represents a 9.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Michael Mente sold 67,118 shares of the firm's stock in a transaction on Friday, February 14th. The stock was sold at an average price of $30.91, for a total value of $2,074,617.38. Following the transaction, the chief executive officer now owns 73,000 shares of the company's stock, valued at approximately $2,256,430. This represents a 47.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 145,406 shares of company stock valued at $4,378,812. 46.56% of the stock is currently owned by insiders.

Revolve Group Stock Up 2.7%

Shares of RVLV traded up $0.54 during mid-day trading on Tuesday, reaching $20.33. The company had a trading volume of 1,460,209 shares, compared to its average volume of 1,154,965. The stock has a market capitalization of $1.45 billion, a P/E ratio of 36.30, a PEG ratio of 1.48 and a beta of 2.10. The stock has a 50 day moving average of $20.87 and a two-hundred day moving average of $27.97. Revolve Group, Inc. has a 52-week low of $14.87 and a 52-week high of $39.58.

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

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.