Schonfeld Strategic Advisors LLC Takes $1.14 Million Position in Revolve Group, Inc. (NYSE:RVLV)

Schonfeld Strategic Advisors LLC purchased a new position in shares of Revolve Group, Inc. (NYSE:RVLV - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 34,100 shares of the company's stock, valued at approximately $1,142,000.

Other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. raised its position in Revolve Group by 83.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 349,670 shares of the company's stock valued at $8,665,000 after purchasing an additional 158,960 shares in the last quarter. Barclays PLC raised its stake in Revolve Group by 156.7% in the third quarter. Barclays PLC now owns 85,613 shares of the company's stock valued at $2,122,000 after buying an additional 52,257 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Revolve Group by 1.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 318,683 shares of the company's stock worth $10,673,000 after buying an additional 3,470 shares during the last quarter. Hsbc Holdings PLC boosted its position in shares of Revolve Group by 21.9% during the 4th quarter. Hsbc Holdings PLC now owns 16,445 shares of the company's stock worth $555,000 after acquiring an additional 2,955 shares in the last quarter. Finally, Franklin Resources Inc. lifted its stake in Revolve Group by 6.9% during the third quarter. Franklin Resources Inc. now owns 27,195 shares of the company's stock worth $699,000 after purchasing an additional 1,753 shares during the last quarter. 67.60% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on RVLV shares. BMO Capital Markets boosted their price target on shares of Revolve Group from $15.00 to $19.00 and gave the company a "market perform" rating in a research report on Wednesday, February 26th. KeyCorp dropped their price target on Revolve Group from $37.00 to $25.00 and set an "overweight" rating on the stock in a research note on Wednesday. Robert W. Baird reduced their price objective on Revolve Group from $25.00 to $23.00 and set a "neutral" rating for the company in a research note on Wednesday. Barclays reaffirmed a "reduce" rating on shares of Revolve Group in a report on Wednesday. Finally, Morgan Stanley dropped their price objective on shares of Revolve Group from $29.00 to $21.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 17th. One analyst has rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, Revolve Group has a consensus rating of "Moderate Buy" and an average target price of $26.00.

Revolve Group Stock Performance

RVLV traded up $0.31 on Friday, hitting $17.74. 1,411,845 shares of the company were exchanged, compared to its average volume of 1,145,926. Revolve Group, Inc. has a fifty-two week low of $14.87 and a fifty-two week high of $39.58. The firm has a market capitalization of $1.26 billion, a P/E ratio of 31.68, a price-to-earnings-growth ratio of 1.48 and a beta of 2.10. The business's fifty day moving average is $20.96 and its 200 day moving average is $27.98.

Revolve Group (NYSE:RVLV - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.03. The firm 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 quarterly revenue was up 9.7% on a year-over-year basis. During the same period last year, the business posted $0.15 EPS. Analysts forecast that Revolve Group, Inc. will post 0.6 EPS for the current fiscal year.

Insider Transactions at Revolve Group

In other Revolve Group news, CEO Michael Mente sold 67,118 shares of the firm's stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $30.91, for a total transaction of $2,074,617.38. Following 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael Karanikolas sold 12,566 shares of Revolve Group stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $25.94, for a total transaction of $325,962.04. Following the sale, the chief executive officer now owns 123,000 shares of the company's stock, valued at approximately $3,190,620. This trade represents a 9.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 145,406 shares of company stock valued at $4,378,812 in the last 90 days. 43.82% of the stock is currently owned by insiders.

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.