Marshall Wace LLP trimmed its holdings in shares of Revolve Group, Inc. (NYSE:RVLV - Free Report) by 98.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,987 shares of the company's stock after selling 700,382 shares during the period. Marshall Wace LLP's holdings in Revolve Group were worth $301,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. EAM Global Investors LLC acquired a new stake in Revolve Group during the fourth quarter valued at $4,440,000. EAM Investors LLC acquired a new position in shares of Revolve Group during the 4th quarter worth approximately $3,969,000. Mariner LLC acquired a new stake in Revolve Group in the 4th quarter valued at $275,000. Barclays PLC increased its holdings in Revolve Group by 132.1% in the 4th quarter. Barclays PLC now owns 198,705 shares of the company's stock worth $6,656,000 after acquiring an additional 113,092 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Revolve Group during the fourth quarter worth $333,000. 67.60% of the stock is owned by hedge funds and other institutional investors.
Revolve Group Stock Performance
NYSE RVLV traded up $0.40 during trading hours on Friday, hitting $17.83. The company had a trading volume of 939,240 shares, compared to its average volume of 1,144,318. The business has a 50 day moving average of $21.09 and a 200-day moving average of $28.02. Revolve Group, Inc. has a 1-year low of $14.87 and a 1-year high of $39.58. The company has a market cap of $1.27 billion, a PE ratio of 31.84, a price-to-earnings-growth ratio of 1.48 and a beta of 2.10.
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, topping analysts' consensus estimates of $0.13 by $0.03. The business had revenue of $296.71 million for the quarter, compared to analyst estimates of $297.56 million. Revolve Group had a net margin of 3.72% and a return on equity of 10.17%. The company's revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period last year, the firm posted $0.15 earnings per share. Sell-side analysts expect that Revolve Group, Inc. will post 0.6 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of research analysts recently weighed in on the stock. Stifel Nicolaus decreased their price target on shares of Revolve Group from $40.00 to $28.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Jefferies Financial Group raised 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. Raymond James cut their price objective on shares of Revolve Group from $25.00 to $21.00 and set an "outperform" rating for the company in a report on Wednesday. Barclays reiterated a "reduce" rating on shares of Revolve Group in a research report on Wednesday. Finally, Robert W. Baird cut their price objective on shares of Revolve Group from $25.00 to $23.00 and set a "neutral" rating for the company in a research report on Wednesday. One research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, Revolve Group presently has a consensus rating of "Moderate Buy" and a consensus price target of $26.00.
Check Out Our Latest Analysis on Revolve Group
Insiders Place Their Bets
In other news, CEO Michael Mente sold 67,118 shares of the firm's stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $30.91, for a total value of $2,074,617.38. Following the completion of the sale, the chief executive officer now directly owns 73,000 shares of the company's stock, valued at $2,256,430. This trade represents a 47.90 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael Karanikolas sold 12,566 shares of the stock in a transaction 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 completion of the transaction, the chief executive officer now owns 123,000 shares of the company's stock, valued at $3,190,620. The trade was a 9.27 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 145,406 shares of company stock valued at $4,378,812. 43.82% of the stock is owned by company insiders.
About Revolve Group
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Free Report)
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.
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