Point72 Asset Management L.P. Takes $1.37 Million Position in Revolve Group, Inc. (NYSE:RVLV)

Point72 Asset Management L.P. bought a new position in shares of Revolve Group, Inc. (NYSE:RVLV - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 40,997 shares of the company's stock, valued at approximately $1,373,000. Point72 Asset Management L.P. owned 0.06% of Revolve Group as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of RVLV. Barclays PLC grew its holdings in Revolve Group by 156.7% during the 3rd quarter. Barclays PLC now owns 85,613 shares of the company's stock worth $2,122,000 after acquiring an additional 52,257 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Revolve Group by 1.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 318,683 shares of the company's stock valued at $10,673,000 after acquiring an additional 3,470 shares during the period. Hsbc Holdings PLC lifted its position 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 valued at $555,000 after acquiring an additional 2,955 shares during the period. Deutsche Bank AG lifted its position in shares of 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 acquiring an additional 2,976 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in shares of Revolve Group in the fourth quarter valued at about $333,000. Institutional investors own 67.60% of the company's stock.

Insiders Place Their Bets

In other Revolve Group news, CEO Michael Karanikolas sold 12,566 shares of the business's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $25.94, for a total value of $325,962.04. Following the completion of the transaction, the chief executive officer now directly owns 123,000 shares in the company, valued at approximately $3,190,620. The trade was a 9.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 43.82% of the stock is owned by insiders.

Revolve Group Stock Performance

Shares of NYSE RVLV traded up $0.50 during midday trading on Tuesday, hitting $19.85. 151,471 shares of the company's stock traded hands, compared to its average volume of 1,169,285. The firm has a fifty day moving average of $20.30 and a 200 day moving average of $27.46. Revolve Group, Inc. has a 1 year low of $14.87 and a 1 year high of $39.58. The stock has a market capitalization of $1.41 billion, a price-to-earnings ratio of 35.29, a price-to-earnings-growth ratio of 1.48 and a beta of 2.10.

Revolve Group (NYSE:RVLV - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.16 EPS for the quarter, topping analysts' consensus estimates of $0.13 by $0.03. The company had revenue of $296.71 million for the quarter, compared to analysts' expectations of $297.56 million. Revolve Group had a net margin of 3.72% and a return on equity of 10.17%. The firm's revenue was up 9.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.15 EPS. On average, equities analysts anticipate that Revolve Group, Inc. will post 0.6 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on RVLV shares. Morgan Stanley reduced their price target on shares of Revolve Group from $29.00 to $21.00 and set an "equal weight" rating for the company in a research report on Thursday, April 17th. UBS Group reduced their price target on shares of Revolve Group from $22.00 to $19.00 and set a "neutral" rating for the company in a research report on Wednesday, May 7th. Raymond James reduced their price target on shares of Revolve Group from $25.00 to $21.00 and set an "outperform" rating for the company in a research report on Wednesday, May 7th. KeyCorp reduced their price target on shares of Revolve Group from $37.00 to $25.00 and set an "overweight" rating for the company in a research report on Wednesday, May 7th. Finally, Jefferies Financial Group upgraded shares of Revolve Group from a "hold" rating to a "buy" rating and set a $30.00 price target for the company in a research report on Friday, March 14th. 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 company. According to MarketBeat.com, Revolve Group currently has a consensus rating of "Hold" and an average target price 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.