Driehaus Capital Management LLC Acquires New Stake in Revolve Group, Inc. (NYSE:RVLV)

Driehaus Capital Management LLC purchased a new stake in Revolve Group, Inc. (NYSE:RVLV - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 433,880 shares of the company's stock, valued at approximately $14,531,000. Driehaus Capital Management LLC owned about 0.61% of Revolve Group at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Brevan Howard Capital Management LP acquired a new position in Revolve Group during the 4th quarter worth approximately $589,000. Bridgefront Capital LLC bought a new stake in Revolve Group in the 4th quarter valued at $216,000. Castlekeep Investment Advisors LLC bought a new stake in Revolve Group in the 4th quarter valued at $65,000. Balyasny Asset Management L.P. increased its position in Revolve Group by 596.9% during the 4th quarter. Balyasny Asset Management L.P. now owns 795,607 shares of the company's stock worth $26,645,000 after buying an additional 681,451 shares during the period. Finally, Bayesian Capital Management LP increased its position in Revolve Group by 121.3% during the 4th quarter. Bayesian Capital Management LP now owns 18,606 shares of the company's stock worth $623,000 after buying an additional 10,200 shares during the period. 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 the firm's stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 73,000 shares in the company, valued at $2,256,430. This trade represents a 47.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Michael Karanikolas sold 12,566 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $25.94, for a total value of $325,962.04. Following the transaction, the chief executive officer now directly 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 disclosure for this sale can be found here. Insiders have sold 145,406 shares of company stock worth $4,378,812 in the last ninety days. 46.56% of the stock is currently owned by insiders.

Revolve Group Price Performance

Shares of NYSE RVLV traded up $0.54 during trading on Tuesday, reaching $20.33. 1,460,209 shares of the stock traded hands, compared to its average volume of 1,154,219. The company has a 50-day moving average of $20.87 and a 200-day moving average of $27.97. The stock has a market capitalization of $1.45 billion, a P/E ratio of 36.30, a price-to-earnings-growth ratio of 1.48 and a beta of 2.10. 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 issued 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 business 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 firm's quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.15 EPS. Analysts expect that Revolve Group, Inc. will post 0.6 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

RVLV has been the topic of a number of recent analyst reports. BMO Capital Markets raised their price target on Revolve Group from $15.00 to $19.00 and gave the stock a "market perform" rating in a research report on Wednesday, February 26th. Raymond James dropped 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. UBS Group decreased their price objective on Revolve Group from $22.00 to $19.00 and set a "neutral" rating for the company in a report on Wednesday, May 7th. Stifel Nicolaus decreased their price target on Revolve Group from $40.00 to $28.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Finally, KeyCorp reduced their price objective on Revolve Group from $37.00 to $25.00 and set an "overweight" rating for the company in a research note on Wednesday, May 7th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, Revolve Group has a consensus rating of "Moderate Buy" and an average target price of $26.00.

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.