Jump Financial LLC Invests $2.21 Million in Revolve Group, Inc. (NYSE:RVLV)

Jump Financial LLC bought a new position in shares of Revolve Group, Inc. (NYSE:RVLV - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 133,233 shares of the company's stock, valued at approximately $2,209,000. Jump Financial LLC owned approximately 0.18% of Revolve Group as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. NBC Securities Inc. boosted its position in Revolve Group by 7.4% during the fourth quarter. NBC Securities Inc. now owns 36,106 shares of the company's stock worth $598,000 after acquiring an additional 2,492 shares during the last quarter. BNP Paribas Financial Markets boosted its position in Revolve Group by 80.9% during the fourth quarter. BNP Paribas Financial Markets now owns 176,222 shares of the company's stock worth $2,922,000 after acquiring an additional 78,828 shares during the last quarter. Semanteon Capital Management LP acquired a new position in Revolve Group during the fourth quarter worth about $588,000. Handelsbanken Fonder AB acquired a new position in Revolve Group during the fourth quarter worth about $179,000. Finally, Knights of Columbus Asset Advisors LLC boosted its position in Revolve Group by 100.0% during the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 39,758 shares of the company's stock worth $659,000 after acquiring an additional 19,879 shares during the last quarter. Hedge funds and other institutional investors own 67.60% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Piper Sandler increased their price target on shares of Revolve Group from $21.00 to $22.50 and gave the company an "overweight" rating in a research note on Wednesday, February 28th. TD Cowen raised shares of Revolve Group from a "market perform" rating to an "outperform" rating and increased their price target for the company from $23.00 to $25.00 in a research note on Thursday, March 21st. Robert W. Baird increased their price target on shares of Revolve Group from $19.00 to $23.00 and gave the company a "neutral" rating in a research note on Wednesday, May 8th. BMO Capital Markets increased their price target on shares of Revolve Group from $13.00 to $15.00 and gave the company a "market perform" rating in a research note on Wednesday, May 8th. Finally, Raymond James raised shares of Revolve Group from a "market perform" rating to an "outperform" rating and set a $21.00 price objective for the company in a research report on Wednesday, February 28th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Revolve Group has a consensus rating of "Hold" and a consensus price target of $20.50.

Revolve Group Trading Up 4.4 %

Shares of NYSE:RVLV traded up $0.96 during trading on Tuesday, hitting $22.76. 951,149 shares of the stock were exchanged, compared to its average volume of 1,090,269. The company has a market cap of $1.61 billion, a PE ratio of 64.06, a P/E/G ratio of 2.91 and a beta of 2.15. Revolve Group, Inc. has a 12-month low of $12.25 and a 12-month high of $23.19. The company has a fifty day moving average price of $20.26 and a two-hundred day moving average price of $17.26.

Revolve Group (NYSE:RVLV - Get Free Report) last posted its earnings results on Tuesday, May 7th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.07. Revolve Group had a net margin of 2.34% and a return on equity of 6.30%. The firm had revenue of $270.60 million during the quarter, compared to the consensus estimate of $271.80 million. During the same period last year, the firm posted $0.19 EPS. The firm's revenue for the quarter was down 3.2% on a year-over-year basis. Equities research analysts anticipate that Revolve Group, Inc. will post 0.47 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.