Revolve Group, Inc. (NYSE:RVLV) Shares Purchased by BNP Paribas Financial Markets

BNP Paribas Financial Markets increased its stake in shares of Revolve Group, Inc. (NYSE:RVLV) by 16.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 121,621 shares of the company’s stock after acquiring an additional 17,108 shares during the period. BNP Paribas Financial Markets’ holdings in Revolve Group were worth $4,073,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of RVLV. Barclays PLC boosted its position in Revolve Group by 156.7% during the third quarter. Barclays PLC now owns 85,613 shares of the company’s stock worth $2,122,000 after purchasing an additional 52,257 shares in the last quarter. Franklin Resources Inc. boosted its position 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 in the last quarter. Sugar Maple Asset Management LLC purchased a new position in Revolve Group during the fourth quarter worth approximately $50,000. Dakota Wealth Management purchased a new position in Revolve Group during the fourth quarter worth approximately $211,000. Finally, Janney Montgomery Scott LLC purchased a new position in Revolve Group during the fourth quarter worth approximately $275,000. 67.60% of the stock is owned by institutional investors and hedge funds.

Revolve Group Stock Performance

Shares of Revolve Group stock opened at $20.07 on Thursday. Revolve Group, Inc. has a one year low of $14.87 and a one year high of $39.58. The company has a market cap of $1.43 billion, a price-to-earnings ratio of 35.84, a PEG ratio of 1.48 and a beta of 2.10. The business’s 50 day moving average price is $20.74 and its 200 day moving average price is $27.86.

Revolve Group (NYSE:RVLV) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.03. Revolve Group had a return on equity of 10.17% and a net margin of 3.72%. The firm had revenue of $296.71 million for the quarter, compared to the consensus estimate of $297.56 million. During the same quarter last year, the business posted $0.15 earnings per share. The firm’s revenue was up 9.7% compared to the same quarter last year. On average, analysts predict that Revolve Group, Inc. will post 0.6 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Jefferies Financial Group upgraded Revolve Group from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research report on Friday, March 14th. Morgan Stanley lowered their price target on Revolve Group from $29.00 to $21.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 17th. BMO Capital Markets increased their price target on Revolve Group from $15.00 to $19.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 26th. Stifel Nicolaus lowered their price target on Revolve Group from $40.00 to $28.00 and set a “buy” rating on the stock in a research report on Thursday, April 10th. Finally, Piper Sandler decreased their target price on Revolve Group from $35.00 to $22.00 and set an “overweight” rating on the stock in a research report on Friday, April 11th. One analyst has rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $26.00.

Insider Buying and Selling

In other Revolve Group news, CEO Michael Karanikolas sold 12,566 shares of the firm’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 sale, the chief executive officer now owns 123,000 shares of the company’s stock, valued at $3,190,620. This trade represents a 9.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael Mente sold 67,118 shares of the firm’s stock in a transaction 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 sale, the chief executive officer now directly owns 73,000 shares of the company’s stock, valued at approximately $2,256,430. This trade represents a 47.90% decrease in their position. The disclosure for this sale can be found here. 46.56% of the stock is currently owned by company insiders.

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.