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

Castleark Management LLC bought a new position in shares of Revolve Group, Inc. (NYSE:RVLV - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 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 SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. AlphaQuest LLC boosted its position in shares of Revolve Group by 7.7% during the 4th quarter. AlphaQuest LLC now owns 5,535 shares of the company's stock valued at $185,000 after acquiring an additional 396 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Revolve Group by 3.2% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,809 shares of the company's stock valued at $730,000 after purchasing an additional 668 shares during the last quarter. Navellier & Associates Inc. grew its stake in Revolve Group by 4.1% in the 4th quarter. Navellier & Associates Inc. now owns 25,711 shares of the company's stock worth $861,000 after buying an additional 1,008 shares in the last quarter. Venturi Wealth Management LLC grew its stake in Revolve Group by 1,302.1% in the 4th quarter. Venturi Wealth Management LLC now owns 1,346 shares of the company's stock worth $45,000 after buying an additional 1,250 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of Revolve Group by 15.5% in the 4th quarter. Ameriprise Financial Inc. now owns 10,190 shares of the company's stock worth $341,000 after buying an additional 1,364 shares during the last quarter. 67.60% of the stock is currently owned by institutional investors.

Revolve Group Stock Down 3.0%

Shares of RVLV opened at $20.03 on Thursday. The stock has a market capitalization of $1.43 billion, a P/E ratio of 35.76, a PEG ratio of 1.48 and a beta of 2.10. Revolve Group, Inc. has a twelve month low of $14.87 and a twelve month high of $39.58. The firm has a fifty day simple moving average of $20.46 and a two-hundred day simple moving average of $27.70.

Revolve Group (NYSE:RVLV - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $0.16 earnings per share for the quarter, topping analysts' consensus estimates of $0.13 by $0.03. The company had revenue of $296.71 million during the quarter, compared to analyst estimates of $297.56 million. Revolve Group had a net margin of 3.72% and a return on equity of 10.17%. Revolve Group's revenue for the quarter was up 9.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.15 earnings per share. Sell-side analysts expect that Revolve Group, Inc. will post 0.6 EPS for the current fiscal year.

Insider Activity at Revolve Group

In related news, CEO Michael Karanikolas sold 12,566 shares of the firm's stock in a transaction 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 sale, the chief executive officer now owns 123,000 shares of the company's stock, valued at $3,190,620. This trade represents a 9.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 43.82% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. BMO Capital Markets upped 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. Piper Sandler cut their price objective on Revolve Group from $35.00 to $22.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Stifel Nicolaus decreased their price objective on Revolve Group from $40.00 to $28.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Raymond James dropped their target price on Revolve Group from $25.00 to $21.00 and set an "outperform" rating for the company in a research report on Wednesday, May 7th. Finally, KeyCorp reduced their price target on shares of Revolve Group from $37.00 to $25.00 and set an "overweight" rating on the stock in a research report on Wednesday, May 7th. One analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Revolve Group has a consensus rating of "Hold" and an average price target of $26.07.

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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