Two Sigma Investments LP Grows Stake in Revolve Group, Inc. (NYSE:RVLV)

Two Sigma Investments LP grew its position in 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 firm owned 296,655 shares of the company's stock after buying an additional 67,322 shares during the period. Two Sigma Investments LP owned 0.42% of Revolve Group worth $9,935,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Barclays PLC lifted 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 buying an additional 52,257 shares in the last quarter. Deutsche Bank AG lifted its stake in Revolve Group by 6.2% in the fourth quarter. Deutsche Bank AG now owns 50,884 shares of the company's stock valued at $1,704,000 after buying an additional 2,976 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Revolve Group by 1.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 318,683 shares of the company's stock worth $10,673,000 after purchasing an additional 3,470 shares during the period. Hsbc Holdings PLC grew its position in Revolve Group by 21.9% during the 4th quarter. Hsbc Holdings PLC now owns 16,445 shares of the company's stock worth $555,000 after purchasing an additional 2,955 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Revolve Group during the 4th quarter worth $333,000. Hedge funds and other institutional investors own 67.60% of the company's stock.

Wall Street Analyst Weigh In

RVLV has been the topic of several analyst reports. Piper Sandler lowered their target price on shares of Revolve Group from $35.00 to $22.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. Barclays restated a "reduce" rating on shares of Revolve Group in a research report on Wednesday, May 7th. Roth Mkm reiterated a "buy" rating and set a $36.00 price target (up from $35.00) on shares of Revolve Group in a report on Wednesday, February 26th. Robert W. Baird lowered their price target on shares of Revolve Group from $25.00 to $23.00 and set a "neutral" rating for the company in a 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 target price for the company in a report on Friday, March 14th. 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. According to MarketBeat.com, Revolve Group currently has an average rating of "Hold" and an average target price of $26.07.

Insiders Place Their Bets

In other news, CEO Michael Karanikolas sold 12,566 shares of Revolve Group 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 sale, the chief executive officer now directly owns 123,000 shares of the company's stock, valued at approximately $3,190,620. This trade represents 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. Company insiders own 43.82% of the company's stock.

Revolve Group Trading Down 0.4%

Shares of RVLV stock traded down $0.08 on Wednesday, reaching $19.91. The company had a trading volume of 1,105,579 shares, compared to its average volume of 1,175,108. The company has a 50-day moving average of $20.26 and a 200-day moving average of $27.40. Revolve Group, Inc. has a 12 month low of $14.87 and a 12 month high of $39.58. The stock has a market cap of $1.42 billion, a PE ratio of 35.55, a PEG ratio of 1.48 and a beta of 2.10.

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

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.