Lazard Asset Management LLC Makes New $1.48 Million Investment in Revolve Group, Inc. (NYSE:RVLV)

Lazard Asset Management LLC purchased a new position in Revolve Group, Inc. (NYSE:RVLV - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 44,314 shares of the company's stock, valued at approximately $1,484,000. Lazard Asset Management LLC owned approximately 0.06% of Revolve Group at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. FMR LLC raised its holdings 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 worth $192,338,000 after acquiring an additional 38,694 shares in the last quarter. Vanguard Group Inc. raised its holdings 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 worth $128,341,000 after acquiring an additional 65,602 shares in the last quarter. Balyasny Asset Management L.P. raised its holdings in shares of Revolve Group by 596.9% during the 4th quarter. Balyasny Asset Management L.P. now owns 795,607 shares of the company's stock worth $26,645,000 after acquiring an additional 681,451 shares in the last quarter. Driehaus Capital Management LLC purchased a new stake in shares of Revolve Group during the 4th quarter worth approximately $14,531,000. Finally, Wells Fargo & Company MN raised its holdings in shares of Revolve Group by 1.2% during the 4th quarter. Wells Fargo & Company MN now owns 411,738 shares of the company's stock worth $13,789,000 after acquiring an additional 4,946 shares in the last quarter. 67.60% of the stock is owned by hedge funds and other institutional investors.

Revolve Group Stock Performance

Shares of NYSE:RVLV traded down $0.16 during trading on Friday, reaching $19.46. The stock had a trading volume of 477,096 shares, compared to its average volume of 1,166,148. The business has a fifty day moving average price of $20.40 and a 200-day moving average price of $27.66. The stock has a market cap of $1.39 billion, a PE ratio of 34.75, a PEG 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.

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 return on equity of 10.17% and a net margin of 3.72%. The business had revenue of $296.71 million for the quarter, compared to analyst estimates of $297.56 million. During the same quarter in the prior year, the company posted $0.15 EPS. The company's quarterly revenue was up 9.7% on a year-over-year basis. Sell-side analysts expect that Revolve Group, Inc. will post 0.6 earnings per share for the current year.

Insider Activity at Revolve Group

In related news, CEO Michael Karanikolas sold 12,566 shares of the business'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 sale, the chief executive officer now owns 123,000 shares in the company, valued at approximately $3,190,620. The trade was a 9.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 43.82% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on RVLV. 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 report on Friday, March 14th. Raymond James decreased their price target on Revolve Group from $25.00 to $21.00 and set an "outperform" rating on the stock in a report on Wednesday, May 7th. Morgan Stanley decreased their price target on Revolve Group from $29.00 to $21.00 and set an "equal weight" rating on the stock in a report on Thursday, April 17th. UBS Group decreased their price target on Revolve Group from $22.00 to $19.00 and set a "neutral" rating on the stock in a report on Wednesday, May 7th. Finally, Robert W. Baird cut their price objective on Revolve Group from $25.00 to $23.00 and set a "neutral" 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 issued a buy rating to the company's stock. According to data from MarketBeat.com, Revolve Group presently has an average rating of "Hold" and an average price target of $26.07.

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.