Revolve Group, Inc. (NYSE:RVLV) Shares Sold by Bryce Point Capital LLC

Key Points

• Bryce Point Capital LLC reduced its stake in Revolve Group by 35.0%, holding 35,590 shares worth $765,000 at the end of the first quarter.
• Revolve Group reported earnings of $0.16 per share, exceeding analysts' expectations of $0.13, with revenue for the quarter at $296.71 million, up 9.7% year-over-year.
• Analyst ratings for Revolve Group include one sell rating, six hold ratings, and nine buy ratings, with a consensus price target of $26.73.

Bryce Point Capital LLC cut its stake in shares of Revolve Group, Inc. (NYSE:RVLV - Free Report) by 35.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 35,590 shares of the company's stock after selling 19,141 shares during the quarter. Bryce Point Capital LLC's holdings in Revolve Group were worth $765,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in RVLV. CWM LLC lifted its holdings in shares of Revolve Group by 40.4% in the 1st quarter. CWM LLC now owns 2,905 shares of the company's stock worth $62,000 after acquiring an additional 836 shares during the last quarter. Castlekeep Investment Advisors LLC purchased a new stake in Revolve Group during the 4th quarter valued at about $65,000. Wallace Advisory Group LLC purchased a new stake in Revolve Group during the 1st quarter valued at about $136,000. Neo Ivy Capital Management purchased a new stake in shares of Revolve Group during the 4th quarter valued at about $156,000. Finally, First Trust Advisors LP purchased a new stake in shares of Revolve Group during the 4th quarter valued at about $209,000. 67.60% of the stock is currently owned by institutional investors.

Revolve Group Price Performance

Revolve Group stock traded down $0.48 during trading hours on Thursday, reaching $20.46. The stock had a trading volume of 766,327 shares, compared to its average volume of 1,378,379. The company has a market cap of $1.46 billion, a price-to-earnings ratio of 29.73, a PEG ratio of 2.84 and a beta of 1.98. The business's 50 day moving average price is $20.99 and its 200-day moving average price is $23.19. Revolve Group, Inc. has a 52 week low of $16.80 and a 52 week high of $39.58.

Revolve Group (NYSE:RVLV - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.03. Revolve Group had a net margin of 4.37% and a return on equity of 11.76%. The firm had revenue of $296.71 million for the quarter, compared to the consensus estimate of $297.56 million. During the same quarter in the prior year, the company posted $0.15 earnings per share. The company's revenue for the quarter was up 9.7% compared to the same quarter last year. On average, sell-side analysts forecast that Revolve Group, Inc. will post 0.6 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Piper Sandler lowered their price objective on shares of Revolve Group from $35.00 to $22.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Cowen restated a "buy" rating on shares of Revolve Group in a research note on Friday, June 6th. Robert W. Baird raised their target price on shares of Revolve Group from $23.00 to $25.00 and gave the stock a "neutral" rating in a research note on Friday, June 6th. Stifel Nicolaus decreased their target price 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, Raymond James Financial raised their target price on shares of Revolve Group from $21.00 to $25.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 22nd. 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's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $26.73.

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.