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

D. E. Shaw & Co. Inc. lessened its position in Revolve Group, Inc. (NYSE:RVLV - Free Report) by 8.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 394,460 shares of the company's stock after selling 37,084 shares during the quarter. D. E. Shaw & Co. Inc. owned approximately 0.56% of Revolve Group worth $13,210,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of the stock. Venturi Wealth Management LLC boosted 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 purchasing an additional 1,250 shares during the last quarter. Sugar Maple Asset Management LLC acquired a new stake in shares of Revolve Group during the 4th quarter valued at $50,000. Castlekeep Investment Advisors LLC bought a new stake in shares of Revolve Group in the fourth quarter worth $65,000. Northwest & Ethical Investments L.P. bought a new position in shares of Revolve Group during the 4th quarter worth approximately $87,000. Finally, Harvest Fund Management Co. Ltd acquired a new stake in Revolve Group in the 4th quarter valued at $117,000. 67.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

RVLV has been the topic of several research reports. Jefferies Financial Group raised shares of Revolve Group from a "hold" rating to a "buy" rating and set a $30.00 price objective on the stock in a research report on Friday, March 14th. BMO Capital Markets lifted their target price 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. Roth Mkm reiterated 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. Piper Sandler reduced their price target on Revolve Group from $35.00 to $22.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Finally, Morgan Stanley lowered their price target on Revolve Group from $29.00 to $21.00 and set an "equal weight" rating for the company in a research report on Thursday, April 17th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Revolve Group currently has an average rating of "Hold" and an average price target of $26.07.

Insider Activity at Revolve Group

In related news, CEO Michael Karanikolas sold 12,566 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $25.94, for a total value 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 approximately $3,190,620. The trade was a 9.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 43.82% of the company's stock.

Revolve Group Stock Down 2.3%

RVLV stock traded down $0.48 during midday trading on Monday, reaching $20.49. The company had a trading volume of 133,083 shares, compared to its average volume of 1,162,741. Revolve Group, Inc. has a fifty-two week low of $14.87 and a fifty-two week high of $39.58. The stock has a 50 day moving average price of $20.58 and a 200 day moving average price of $27.83. The firm has a market capitalization of $1.46 billion, a PE ratio of 36.21, a P/E/G ratio of 1.48 and a beta of 2.10.

Revolve Group (NYSE:RVLV - Get Free Report) last released its earnings results 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. Revolve Group had a net margin of 3.72% and a return on equity of 10.17%. The company had revenue of $296.71 million during the quarter, compared to the consensus estimate of $297.56 million. During the same quarter in the prior year, the firm earned $0.15 EPS. The company's revenue was up 9.7% compared to the same quarter last year. Research analysts predict that Revolve Group, Inc. will post 0.6 EPS for the current year.

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.