Revolve Group, Inc. (NYSE:RVLV) Shares Sold by Kayne Anderson Rudnick Investment Management LLC

Kayne Anderson Rudnick Investment Management LLC decreased its position in Revolve Group, Inc. (NYSE:RVLV - Free Report) by 8.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,949,961 shares of the company's stock after selling 455,742 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC owned approximately 7.00% of Revolve Group worth $165,774,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Barclays PLC lifted its holdings in Revolve Group by 156.7% in the third quarter. Barclays PLC now owns 85,613 shares of the company's stock valued at $2,122,000 after acquiring an additional 52,257 shares during the period. Deutsche Bank AG grew its holdings in Revolve Group by 6.2% during the 4th quarter. Deutsche Bank AG now owns 50,884 shares of the company's stock valued at $1,704,000 after buying an additional 2,976 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Revolve Group by 1.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 318,683 shares of the company's stock worth $10,673,000 after acquiring an additional 3,470 shares during the last quarter. Hsbc Holdings PLC raised its holdings in shares of Revolve Group by 21.9% during the 4th quarter. Hsbc Holdings PLC now owns 16,445 shares of the company's stock worth $555,000 after acquiring an additional 2,955 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Revolve Group during the 4th quarter worth approximately $333,000. 67.60% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO Michael Karanikolas sold 12,566 shares of the firm'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 transaction of $325,962.04. Following the transaction, the chief executive officer now directly owns 123,000 shares in the company, valued at $3,190,620. This trade represents a 9.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 43.82% of the company's stock.

Revolve Group Price Performance

Shares of NYSE RVLV traded up $0.30 during midday trading on Friday, reaching $20.55. The company's stock had a trading volume of 570,057 shares, compared to its average volume of 1,175,453. The firm has a 50 day moving average price of $20.15 and a 200-day moving average price of $27.26. Revolve Group, Inc. has a 12-month low of $14.87 and a 12-month high of $39.58. The stock has a market capitalization of $1.46 billion, a P/E ratio of 36.71, a PEG ratio of 1.48 and a beta of 2.10.

Revolve Group (NYSE:RVLV - Get Free Report) last posted its quarterly earnings results 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 3.72% and a return on equity of 10.17%. The company had revenue of $296.71 million for the quarter, compared to analyst estimates of $297.56 million. During the same quarter in the previous year, the firm posted $0.15 earnings per share. The company's quarterly revenue was up 9.7% compared to the same quarter last year. On average, equities analysts predict that Revolve Group, Inc. will post 0.6 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on RVLV. Barclays reaffirmed a "reduce" rating on shares of Revolve Group in a research note on Wednesday, May 7th. Stifel Nicolaus dropped 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. Roth Mkm restated a "buy" rating and set a $36.00 price target (up previously from $35.00) on shares of Revolve Group in a research note on Wednesday, February 26th. Jefferies Financial Group upgraded Revolve Group from a "hold" rating to a "buy" rating and set a $30.00 target price on the stock in a research report on Friday, March 14th. Finally, UBS Group dropped their price objective on shares of Revolve Group from $22.00 to $19.00 and set a "neutral" rating for the company in a research note on Wednesday, May 7th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price 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.