Woodline Partners LP Acquires Shares of 193,391 Revolve Group, Inc. (NYSE:RVLV)

Woodline Partners LP purchased a new stake in shares of Revolve Group, Inc. (NYSE:RVLV - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 193,391 shares of the company's stock, valued at approximately $6,477,000. Woodline Partners LP owned about 0.27% of Revolve Group as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Balyasny Asset Management L.P. lifted its position in Revolve Group by 596.9% during the fourth quarter. Balyasny Asset Management L.P. now owns 795,607 shares of the company's stock valued at $26,645,000 after acquiring an additional 681,451 shares during the last quarter. Driehaus Capital Management LLC acquired a new position in shares of Revolve Group during the fourth quarter worth $14,531,000. Algert Global LLC lifted its holdings 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 valued at $10,157,000 after purchasing an additional 212,914 shares during the last quarter. Federated Hermes Inc. grew its stake in Revolve Group by 205.6% during the 4th quarter. Federated Hermes Inc. now owns 237,314 shares of the company's stock worth $7,948,000 after buying an additional 159,655 shares during the last quarter. Finally, EAM Global Investors LLC purchased a new position in Revolve Group during the 4th quarter worth $4,440,000. 67.60% of the stock is currently owned by institutional investors.

Revolve Group Stock Up 3.2%

Shares of RVLV stock traded up $0.61 on Tuesday, hitting $19.96. The company had a trading volume of 1,701,959 shares, compared to its average volume of 1,175,385. The firm has a market cap of $1.42 billion, a P/E ratio of 35.64, a price-to-earnings-growth ratio of 1.48 and a beta of 2.10. Revolve Group, Inc. has a twelve month low of $14.87 and a twelve month high of $39.58. The company has a 50-day moving average price of $20.30 and a 200-day moving average price of $27.46.

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, beating analysts' consensus estimates of $0.13 by $0.03. The company 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%. Revolve Group's revenue for the quarter was up 9.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.15 earnings per share. Equities research analysts expect that Revolve Group, Inc. will post 0.6 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on RVLV shares. Barclays reiterated a "reduce" rating on shares of Revolve Group in a research note on Wednesday, May 7th. UBS Group lowered their target price on shares of Revolve Group from $22.00 to $19.00 and set a "neutral" rating for the company in a research note on Wednesday, May 7th. Jefferies Financial Group upgraded shares of 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. Piper Sandler lowered their price objective on shares of Revolve Group from $35.00 to $22.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Finally, KeyCorp dropped their price objective on shares of Revolve Group from $37.00 to $25.00 and set an "overweight" rating on the stock in a report on Wednesday, May 7th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Revolve Group currently has a consensus rating of "Hold" and a consensus price target of $26.07.

Insider Activity at Revolve Group

In other Revolve Group news, CEO Michael Karanikolas sold 12,566 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $25.94, for a total transaction of $325,962.04. Following the transaction, the chief executive officer now owns 123,000 shares in the company, valued at approximately $3,190,620. This 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 this hyperlink. Company insiders own 43.82% of the company's stock.

Revolve Group Company 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.