44,314 Shares in Revolve Group, Inc. (NYSE:RVLV) Bought by Lazard Asset Management LLC

Lazard Asset Management LLC bought a new position in Revolve Group, Inc. (NYSE:RVLV) during the fourth quarter, Holdings Channel reports. The fund bought 44,314 shares of the company’s stock, valued at approximately $1,484,000.

A number of other hedge funds have also modified their holdings of RVLV. FMR LLC grew its holdings in shares of Revolve Group by 0.7% during the fourth quarter. FMR LLC now owns 5,743,151 shares of the company’s stock valued at $192,338,000 after buying an additional 38,694 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Revolve Group by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 3,832,207 shares of the company’s stock valued at $128,341,000 after buying an additional 65,602 shares in the last quarter. Balyasny Asset Management L.P. grew its holdings 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 valued at $26,645,000 after buying an additional 681,451 shares in the last quarter. Driehaus Capital Management LLC purchased a new position in shares of Revolve Group during the fourth quarter valued at $14,531,000. Finally, Wells Fargo & Company MN grew its holdings in shares of Revolve Group by 1.2% during the fourth quarter. Wells Fargo & Company MN now owns 411,738 shares of the company’s stock valued at $13,789,000 after buying an additional 4,946 shares in the last quarter. 67.60% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Revolve Group news, CEO Michael Karanikolas sold 12,566 shares of the business’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $25.94, for a total value 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. The trade was a 9.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 43.82% of the company’s stock.

Revolve Group Price Performance

Shares of NYSE:RVLV opened at $21.00 on Monday. Revolve Group, Inc. has a fifty-two week low of $14.87 and a fifty-two week high of $39.58. The business has a 50-day moving average of $20.58 and a two-hundred day moving average of $27.83. The stock has a market capitalization of $1.50 billion, a P/E ratio of 37.49, a P/E/G ratio of 1.48 and a beta of 2.10.

Revolve Group (NYSE:RVLV) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.16 earnings per share 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 company had revenue of $296.71 million during the quarter, compared to analysts’ expectations of $297.56 million. During the same quarter in the previous year, the firm earned $0.15 earnings per share. The business’s quarterly revenue was up 9.7% compared to the same quarter last year. As a group, research analysts expect that Revolve Group, Inc. will post 0.6 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Piper Sandler lowered their price target on Revolve Group from $35.00 to $22.00 and set an “overweight” rating on the stock in a report on Friday, April 11th. Barclays reiterated a “reduce” rating on shares of Revolve Group in a report on Wednesday, May 7th. BMO Capital Markets lifted their price target on Revolve Group from $15.00 to $19.00 and gave the company a “market perform” rating in a report on Wednesday, February 26th. Roth Mkm reiterated a “buy” rating and set a $36.00 price target (up previously from $35.00) on shares of Revolve Group in a report on Wednesday, February 26th. Finally, Morgan Stanley lowered their target price on 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 equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target 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.