Lazard Asset Management LLC Takes $1.48 Million Position in Revolve Group, Inc. (NYSE:RVLV)

Lazard Asset Management LLC purchased a new stake in Revolve Group, Inc. (NYSE:RVLV - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 44,314 shares of the company's stock, valued at approximately $1,484,000. Lazard Asset Management LLC owned about 0.06% of Revolve Group as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of RVLV. Barclays PLC lifted its stake in Revolve Group by 156.7% during the third quarter. Barclays PLC now owns 85,613 shares of the company's stock worth $2,122,000 after purchasing an additional 52,257 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Revolve Group by 1.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 318,683 shares of the company's stock valued at $10,673,000 after buying an additional 3,470 shares during the period. Hsbc Holdings PLC raised its holdings in shares of Revolve Group by 21.9% in the 4th quarter. Hsbc Holdings PLC now owns 16,445 shares of the company's stock valued at $555,000 after buying an additional 2,955 shares during the period. Raymond James Financial Inc. acquired a new position in Revolve Group during the 4th quarter worth about $333,000. Finally, Castlekeep Investment Advisors LLC purchased a new position in Revolve Group during the 4th quarter valued at about $65,000. 67.60% of the stock is currently owned by hedge funds and other institutional investors.

Revolve Group Price Performance

Shares of NYSE RVLV traded down $0.26 during midday trading on Friday, hitting $19.36. 1,277,588 shares of the company's stock were exchanged, compared to its average volume of 1,173,270. The firm's fifty day simple moving average is $20.36 and its 200-day simple moving average is $27.58. The company has a market cap of $1.38 billion, a PE ratio of 34.58, a P/E/G 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.

Revolve Group (NYSE:RVLV - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.16 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 period in the prior year, the firm posted $0.15 earnings per share. The firm's revenue was up 9.7% on a year-over-year basis. Equities analysts anticipate that Revolve Group, Inc. will post 0.6 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Michael Karanikolas sold 12,566 shares of the company's stock in a transaction dated 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 directly owns 123,000 shares of the company's stock, valued at $3,190,620. This represents a 9.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 43.82% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts have issued reports on RVLV shares. Piper Sandler cut their price target 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. Robert W. Baird cut their target price on shares of Revolve Group from $25.00 to $23.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 7th. UBS Group reduced their target price on shares of Revolve Group from $22.00 to $19.00 and set a "neutral" rating on the stock in a report on Wednesday, May 7th. Roth Mkm reissued a "buy" rating and issued a $36.00 price target (up previously from $35.00) on shares of Revolve Group in a research report on Wednesday, February 26th. Finally, Jefferies Financial Group raised Revolve Group from a "hold" rating to a "buy" rating and set a $30.00 price objective on the stock in a research report on Friday, March 14th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Revolve Group presently has an average 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.