Revolve Group, Inc. (NYSE:RVLV) Shares Sold by Polar Asset Management Partners Inc.

Polar Asset Management Partners Inc. decreased its stake in Revolve Group, Inc. (NYSE:RVLV - Free Report) by 13.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 139,881 shares of the company's stock after selling 20,819 shares during the period. Polar Asset Management Partners Inc. owned 0.20% of Revolve Group worth $4,685,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. Venturi Wealth Management LLC boosted its stake in Revolve Group by 1,302.1% in the fourth quarter. Venturi Wealth Management LLC now owns 1,346 shares of the company's stock valued at $45,000 after acquiring an additional 1,250 shares in the last quarter. Castlekeep Investment Advisors LLC purchased a new stake in shares of Revolve Group in the 4th quarter valued at about $65,000. Northwest & Ethical Investments L.P. acquired a new stake in shares of Revolve Group in the 4th quarter valued at about $87,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of Revolve Group in the 4th quarter valued at about $117,000. Finally, Neo Ivy Capital Management purchased a new position in Revolve Group during the 4th quarter worth approximately $156,000. 67.60% of the stock is owned by hedge funds and other institutional investors.

Revolve Group Stock Performance

RVLV traded up $0.39 during trading on Friday, reaching $20.64. The company's stock had a trading volume of 1,557,770 shares, compared to its average volume of 1,182,173. The company has a market capitalization of $1.47 billion, a price-to-earnings ratio of 36.86, a price-to-earnings-growth ratio of 1.48 and a beta of 2.10. The company's fifty day moving average price is $20.10 and its 200-day moving average price is $27.12. Revolve Group, Inc. has a 52-week low of $14.87 and a 52-week high of $39.58.

Revolve Group (NYSE:RVLV - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.16 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $296.71 million during the quarter, compared to analysts' expectations of $297.56 million. During the same quarter in the prior year, the business posted $0.15 earnings per share. Revolve Group's revenue was up 9.7% compared to the same quarter last year. Equities analysts predict that Revolve Group, Inc. will post 0.6 earnings per share for the current year.

Wall Street Analyst Weigh In

RVLV has been the subject of several research analyst reports. Morgan Stanley decreased their price objective on Revolve Group from $29.00 to $21.00 and set an "equal weight" rating for the company in a report on Thursday, April 17th. KeyCorp decreased 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 note on Wednesday, May 7th. BMO Capital Markets lifted their price objective on shares of Revolve Group from $15.00 to $19.00 and gave the company a "market perform" rating in a research note on Wednesday, February 26th. Piper Sandler reduced their target price on shares of Revolve Group from $35.00 to $22.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Finally, Raymond James decreased their target price on shares of Revolve Group from $25.00 to $21.00 and set an "outperform" rating for the company in a research note on Wednesday, May 7th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $26.07.

Insider Transactions at Revolve Group

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

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.