Two Sigma Investments LP Buys 67,322 Shares of Revolve Group, Inc. (NYSE:RVLV)

Two Sigma Investments LP boosted its stake in shares of Revolve Group, Inc. (NYSE:RVLV - Free Report) by 29.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 296,655 shares of the company's stock after purchasing an additional 67,322 shares during the quarter. Two Sigma Investments LP owned 0.42% of Revolve Group worth $9,935,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of RVLV. Balyasny Asset Management L.P. lifted its stake in shares of Revolve Group by 596.9% in the fourth quarter. Balyasny Asset Management L.P. now owns 795,607 shares of the company's stock valued at $26,645,000 after buying an additional 681,451 shares during the period. Driehaus Capital Management LLC acquired a new position in Revolve Group in the fourth quarter worth about $14,531,000. Algert Global LLC lifted its position in shares of Revolve Group by 235.6% during the 4th quarter. Algert Global LLC now owns 303,289 shares of the company's stock worth $10,157,000 after buying an additional 212,914 shares during the period. Federated Hermes Inc. boosted its stake in shares of Revolve Group by 205.6% in the 4th quarter. Federated Hermes Inc. now owns 237,314 shares of the company's stock valued at $7,948,000 after purchasing an additional 159,655 shares in the last quarter. Finally, EAM Global Investors LLC acquired a new stake in shares of Revolve Group during the fourth quarter worth approximately $4,440,000. 67.60% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on RVLV. Barclays restated a "reduce" rating on shares of Revolve Group in a research report on Wednesday, May 7th. UBS Group dropped their target price on Revolve Group from $22.00 to $19.00 and set a "neutral" rating for the company in a research report on Wednesday, May 7th. Jefferies Financial Group raised Revolve Group from a "hold" rating to a "buy" rating and set a $30.00 price target on the stock in a research note on Friday, March 14th. Raymond James cut their target price on shares of Revolve Group from $25.00 to $21.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 7th. Finally, KeyCorp reduced their target price on shares of Revolve Group from $37.00 to $25.00 and set an "overweight" rating on the stock in a research note on Wednesday, May 7th. One 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. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $26.07.

Insider Buying and Selling at Revolve Group

In related news, CEO Michael Karanikolas sold 12,566 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $25.94, for a total transaction 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. This trade represents a 9.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 43.82% of the company's stock.

Revolve Group Price Performance

Shares of NYSE RVLV traded up $0.24 during midday trading on Friday, reaching $20.49. 306,945 shares of the stock were exchanged, compared to its average volume of 1,174,405. Revolve Group, Inc. has a 12 month low of $14.87 and a 12 month high of $39.58. The company has a market capitalization of $1.46 billion, a price-to-earnings ratio of 36.69, a P/E/G ratio of 1.48 and a beta of 2.10. The business has a 50-day simple moving average of $20.15 and a two-hundred day simple moving average of $27.26.

Revolve Group (NYSE:RVLV - Get Free Report) last announced its quarterly earnings results 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 company had revenue of $296.71 million during the quarter, compared to the consensus estimate of $297.56 million. During the same period in the prior year, the company earned $0.15 earnings per share. The company's revenue for the quarter was up 9.7% compared to the same quarter last year. Equities research analysts expect that Revolve Group, Inc. will post 0.6 earnings per share for the current fiscal year.

Revolve Group 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.