Castleark Management LLC Acquires New Position in Revolve Group, Inc. (NYSE:RVLV)

Castleark Management LLC acquired a new stake in shares of Revolve Group, Inc. (NYSE:RVLV - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 134,010 shares of the company's stock, valued at approximately $4,488,000. Castleark Management LLC owned approximately 0.19% of Revolve Group as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in RVLV. FMR LLC grew its stake in shares of Revolve Group by 0.7% during the 4th quarter. FMR LLC now owns 5,743,151 shares of the company's stock valued at $192,338,000 after acquiring an additional 38,694 shares during the period. Vanguard Group Inc. increased its position in shares of Revolve Group by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 3,832,207 shares of the company's stock valued at $128,341,000 after purchasing an additional 65,602 shares during the last quarter. Balyasny Asset Management L.P. increased its position in Revolve Group by 596.9% during the fourth quarter. Balyasny Asset Management L.P. now owns 795,607 shares of the company's stock valued at $26,645,000 after acquiring an additional 681,451 shares during the last quarter. Driehaus Capital Management LLC bought a new stake in shares of Revolve Group during the 4th quarter worth approximately $14,531,000. Finally, Wells Fargo & Company MN grew its holdings in shares of Revolve Group by 1.2% in the fourth quarter. Wells Fargo & Company MN now owns 411,738 shares of the company's stock worth $13,789,000 after purchasing an additional 4,946 shares during the last quarter. 67.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Stifel Nicolaus dropped 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. BMO Capital Markets lifted their price objective on Revolve Group from $15.00 to $19.00 and gave the stock a "market perform" rating in a report on Wednesday, February 26th. Roth Mkm reiterated a "buy" rating and issued a $36.00 price objective (up from $35.00) on shares of Revolve Group in a report on Wednesday, February 26th. Piper Sandler lowered their target price on Revolve Group from $35.00 to $22.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Finally, Barclays reiterated a "reduce" rating on shares of Revolve Group in a report on Wednesday, May 7th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Revolve Group has an average rating of "Hold" and a consensus target price of $26.07.

Insider Buying and Selling

In other Revolve Group news, CEO Michael Karanikolas sold 12,566 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $25.94, for a total transaction of $325,962.04. Following the transaction, the chief executive officer now directly owns 123,000 shares of the company's stock, valued at $3,190,620. This represents a 9.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 43.82% of the stock is currently owned by insiders.

Revolve Group Price Performance

NYSE:RVLV traded up $0.55 during mid-day trading on Tuesday, reaching $19.90. The stock had a trading volume of 264,205 shares, compared to its average volume of 1,169,776. The company has a market capitalization of $1.42 billion, a price-to-earnings ratio of 35.52, a price-to-earnings-growth ratio of 1.48 and a beta of 2.10. Revolve Group, Inc. has a 1-year low of $14.87 and a 1-year high of $39.58. The stock's 50 day simple moving average is $20.30 and its two-hundred day simple moving average is $27.46.

Revolve Group (NYSE:RVLV - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.16 EPS for the quarter, topping 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 firm had revenue of $296.71 million during the quarter, compared to the consensus estimate of $297.56 million. During the same period in the prior year, the business earned $0.15 EPS. The firm's revenue was up 9.7% on a year-over-year basis. Sell-side analysts anticipate that Revolve Group, Inc. will post 0.6 EPS for the current fiscal 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.