Woodline Partners LP Takes $6.48 Million Position in Revolve Group, Inc. (NYSE:RVLV)

Woodline Partners LP bought a new stake in Revolve Group, Inc. (NYSE:RVLV - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 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 and Exchange Commission.

Several other hedge funds have also bought and sold shares of RVLV. AlphaQuest LLC boosted its holdings in shares of Revolve Group by 7.7% during the fourth quarter. AlphaQuest LLC now owns 5,535 shares of the company's stock worth $185,000 after acquiring an additional 396 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Revolve Group by 3.2% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,809 shares of the company's stock worth $730,000 after acquiring an additional 668 shares during the period. Navellier & Associates Inc. boosted its holdings in shares of Revolve Group by 4.1% during the fourth quarter. Navellier & Associates Inc. now owns 25,711 shares of the company's stock worth $861,000 after acquiring an additional 1,008 shares during the period. Venturi Wealth Management LLC boosted its holdings in shares of Revolve Group by 1,302.1% during the fourth quarter. Venturi Wealth Management LLC now owns 1,346 shares of the company's stock worth $45,000 after acquiring an additional 1,250 shares during the period. Finally, Ameriprise Financial Inc. boosted its holdings in shares of Revolve Group by 15.5% during the fourth quarter. Ameriprise Financial Inc. now owns 10,190 shares of the company's stock worth $341,000 after acquiring an additional 1,364 shares during the period. 67.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on RVLV. UBS Group lowered their target price on shares of Revolve Group from $22.00 to $19.00 and set a "neutral" rating on the stock in a report on Wednesday, May 7th. Roth Mkm reaffirmed a "buy" rating and set a $36.00 target price (up from $35.00) on shares of Revolve Group in a report on Wednesday, February 26th. Jefferies Financial Group raised shares of Revolve Group from a "hold" rating to a "buy" rating and set a $30.00 target price on the stock in a report on Friday, March 14th. BMO Capital Markets raised their target price on shares of Revolve Group from $15.00 to $19.00 and gave the stock a "market perform" rating in a report on Wednesday, February 26th. Finally, Robert W. Baird lowered their target price on shares of Revolve Group from $25.00 to $23.00 and set a "neutral" 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 issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Revolve Group has a consensus rating of "Hold" and a consensus price target of $26.07.

Insider Activity

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

Revolve Group Trading Up 1.6%

Revolve Group stock traded up $0.32 during mid-day trading on Thursday, hitting $20.20. The stock had a trading volume of 243,890 shares, compared to its average volume of 1,172,928. The firm has a market capitalization of $1.44 billion, a P/E ratio of 36.01, a P/E/G ratio of 1.48 and a beta of 2.10. The firm's 50 day moving average is $20.22 and its 200 day moving average is $27.35. Revolve Group, Inc. has a one year low of $14.87 and a one year high of $39.58.

Revolve Group (NYSE:RVLV - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.03. The firm 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 business's revenue was up 9.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.15 EPS. As a group, equities research analysts forecast that Revolve Group, Inc. will post 0.6 earnings per share for the current year.

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.