Revolve Group, Inc. (NYSE:RVLV) Stake Lessened by Polar Asset Management Partners Inc.

Polar Asset Management Partners Inc. trimmed its stake in Revolve Group, Inc. (NYSE:RVLV - Free Report) by 13.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 139,881 shares of the company's stock after selling 20,819 shares during the period. Polar Asset Management Partners Inc. owned approximately 0.20% of Revolve Group worth $4,685,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Balyasny Asset Management L.P. boosted its stake in shares of Revolve Group by 596.9% during the fourth quarter. Balyasny Asset Management L.P. now owns 795,607 shares of the company's stock worth $26,645,000 after buying an additional 681,451 shares during the period. Driehaus Capital Management LLC acquired a new stake in shares of Revolve Group in the 4th quarter worth approximately $14,531,000. Algert Global LLC raised its stake 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 worth $10,157,000 after buying an additional 212,914 shares during the last quarter. Federated Hermes Inc. grew its position in shares of Revolve Group by 205.6% in the fourth quarter. Federated Hermes Inc. now owns 237,314 shares of the company's stock valued at $7,948,000 after purchasing an additional 159,655 shares during the last quarter. Finally, EAM Global Investors LLC purchased a new position in Revolve Group during the fourth quarter worth $4,440,000. Institutional investors and hedge funds own 67.60% of the company's stock.

Insiders Place Their Bets

In other Revolve Group news, CEO Michael Karanikolas sold 12,566 shares of the business's stock in a transaction 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 completion of the transaction, the chief executive officer now owns 123,000 shares in the company, valued at approximately $3,190,620. The trade was a 9.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 43.82% of the stock is owned by insiders.

Revolve Group Price Performance

NYSE:RVLV traded down $0.22 during midday trading on Monday, reaching $20.74. 1,219,142 shares of the company traded hands, compared to its average volume of 1,166,830. Revolve Group, Inc. has a twelve month low of $14.87 and a twelve month high of $39.58. The company has a fifty day moving average price of $20.58 and a 200 day moving average price of $27.83. The firm has a market capitalization of $1.48 billion, a price-to-earnings ratio of 37.04, a price-to-earnings-growth 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 EPS for the quarter, topping the consensus estimate of $0.13 by $0.03. The business had revenue of $296.71 million during 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 quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.15 earnings per share. On average, equities research analysts forecast that Revolve Group, Inc. will post 0.6 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Jefferies Financial Group raised shares of Revolve Group from a "hold" rating to a "buy" rating and set a $30.00 price objective on the stock in a research note on Friday, March 14th. BMO Capital Markets lifted their target price on shares of Revolve Group from $15.00 to $19.00 and gave the company a "market perform" rating in a report on Wednesday, February 26th. Stifel Nicolaus cut their price target on Revolve Group from $40.00 to $28.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Barclays reissued a "reduce" rating on shares of Revolve Group in a report on Wednesday, May 7th. Finally, Morgan Stanley dropped their target price on shares of Revolve Group from $29.00 to $21.00 and set an "equal weight" rating for the company in a research report on Thursday, April 17th. 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 company. According to data from MarketBeat.com, Revolve Group has an average rating of "Hold" and an average target price of $26.07.

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.