D. E. Shaw & Co. Inc. Sells 37,084 Shares of Revolve Group, Inc. (NYSE:RVLV)

D. E. Shaw & Co. Inc. reduced its stake in shares of Revolve Group, Inc. (NYSE:RVLV - Free Report) by 8.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 394,460 shares of the company's stock after selling 37,084 shares during the quarter. D. E. Shaw & Co. Inc. owned about 0.56% of Revolve Group worth $13,210,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Venturi Wealth Management LLC lifted its holdings in Revolve Group by 1,302.1% during the fourth quarter. Venturi Wealth Management LLC now owns 1,346 shares of the company's stock worth $45,000 after acquiring an additional 1,250 shares in the last quarter. Sugar Maple Asset Management LLC acquired a new stake in shares of Revolve Group during the fourth quarter worth about $50,000. Castlekeep Investment Advisors LLC bought a new position in shares of Revolve Group during the 4th quarter valued at about $65,000. Northwest & Ethical Investments L.P. acquired a new position in shares of Revolve Group in the 4th quarter valued at approximately $87,000. Finally, Harvest Fund Management Co. Ltd acquired a new position in shares of Revolve Group in the 4th quarter valued at approximately $117,000. 67.60% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Michael Mente sold 67,118 shares of Revolve Group stock in a transaction dated 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 owns 73,000 shares of the company's stock, valued at $2,256,430. This trade represents a 47.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Michael Karanikolas sold 12,566 shares of the company's stock in a transaction dated Monday, March 3rd. The shares were 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 approximately $3,190,620. The trade was a 9.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 46.56% of the company's stock.

Analyst Ratings Changes

Several analysts have commented on the stock. KeyCorp dropped their target price on shares of Revolve Group from $37.00 to $25.00 and set an "overweight" rating on the stock in a 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 stock a "market perform" rating in a research report on Wednesday, February 26th. UBS Group cut their price objective on shares of Revolve Group from $22.00 to $19.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 7th. Raymond James lowered their target price on Revolve Group from $25.00 to $21.00 and set an "outperform" rating for the company in a report on Wednesday, May 7th. Finally, Morgan Stanley dropped their price target on Revolve Group from $29.00 to $21.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 17th. One research analyst has rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $26.00.

Revolve Group Stock Performance

RVLV opened at $20.33 on Wednesday. The business's 50-day simple moving average is $20.82 and its 200 day simple moving average is $27.92. Revolve Group, Inc. has a 52-week low of $14.87 and a 52-week high of $39.58. The firm has a market capitalization of $1.45 billion, a PE ratio of 36.30, a PEG ratio of 1.48 and a beta of 2.10.

Revolve Group (NYSE:RVLV - Get Free Report) last announced 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 company had revenue of $296.71 million for the quarter, compared to analysts' expectations of $297.56 million. Revolve Group had a return on equity of 10.17% and a net margin of 3.72%. The business's revenue was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.15 EPS. On average, research analysts forecast that Revolve Group, Inc. will post 0.6 earnings per share for the current year.

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.

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