Bayesian Capital Management LP Has $623,000 Stock Position in Revolve Group, Inc. (NYSE:RVLV)

Bayesian Capital Management LP lifted its position in shares of Revolve Group, Inc. (NYSE:RVLV) by 121.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 18,606 shares of the company’s stock after buying an additional 10,200 shares during the quarter. Bayesian Capital Management LP’s holdings in Revolve Group were worth $623,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. BNP Paribas Financial Markets increased its stake in shares of Revolve Group by 16.4% in the fourth quarter. BNP Paribas Financial Markets now owns 121,621 shares of the company’s stock valued at $4,073,000 after buying an additional 17,108 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of Revolve Group by 15.5% during the fourth quarter. Ameriprise Financial Inc. now owns 10,190 shares of the company’s stock valued at $341,000 after acquiring an additional 1,364 shares in the last quarter. Algert Global LLC raised its holdings in Revolve Group by 235.6% during the fourth 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. Schonfeld Strategic Advisors LLC bought a new position in Revolve Group in the 4th quarter valued at about $1,142,000. Finally, Northern Trust Corp lifted its holdings in shares of Revolve Group by 4.0% in the fourth quarter. Northern Trust Corp now owns 379,788 shares of the company’s stock valued at $12,719,000 after purchasing an additional 14,703 shares in the last quarter. 67.60% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Piper Sandler cut their price target on shares of Revolve Group from $35.00 to $22.00 and set an “overweight” rating on the stock in a report on Friday, April 11th. Jefferies Financial Group raised Revolve Group from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a report on Friday, March 14th. KeyCorp raised shares of Revolve Group from a “sector weight” rating to an “overweight” rating and set a $37.00 target price on the stock in a report on Thursday, January 23rd. Roth Mkm reissued a “buy” rating and issued a $36.00 price target (up from $35.00) on shares of Revolve Group in a report on Wednesday, February 26th. Finally, Barclays increased their price objective on Revolve Group from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 26th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $28.00.

Revolve Group Stock Performance

Shares of RVLV stock opened at $19.03 on Wednesday. The company has a market capitalization of $1.36 billion, a P/E ratio of 33.99, a PEG ratio of 1.48 and a beta of 2.10. Revolve Group, Inc. has a fifty-two week low of $14.87 and a fifty-two week high of $39.58. The stock has a 50 day moving average price of $21.43 and a two-hundred day moving average price of $28.15.

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

Insider Buying and Selling

In other news, CEO Michael Karanikolas sold 12,566 shares of the business’s stock in a transaction that occurred 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 sale, the chief executive officer now directly 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 sale was disclosed in a document filed with the SEC, 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 shares were sold at an average price of $30.91, for a total value of $2,074,617.38. Following the transaction, the chief executive officer now owns 73,000 shares of the company’s stock, valued at $2,256,430. The trade was a 47.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 145,406 shares of company stock valued at $4,378,812 over the last ninety days. Company insiders own 46.56% of the company’s stock.

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.