Polar Asset Management Partners Inc. Sells 20,819 Shares of Revolve Group, Inc. (NYSE:RVLV)

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

Other hedge funds and other institutional investors have also bought and sold shares of the company. FMR LLC grew its position in Revolve Group by 0.7% in the 4th quarter. FMR LLC now owns 5,743,151 shares of the company’s stock worth $192,338,000 after purchasing an additional 38,694 shares during the last quarter. Vanguard Group Inc. grew its position in Revolve Group by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 3,832,207 shares of the company’s stock worth $128,341,000 after purchasing an additional 65,602 shares during the last quarter. Balyasny Asset Management L.P. grew its position in Revolve Group by 596.9% in the 4th quarter. Balyasny Asset Management L.P. now owns 795,607 shares of the company’s stock worth $26,645,000 after purchasing an additional 681,451 shares during the last quarter. Driehaus Capital Management LLC acquired a new stake in Revolve Group in the 4th quarter worth $14,531,000. Finally, Wells Fargo & Company MN grew its position in Revolve Group by 1.2% in the 4th quarter. Wells Fargo & Company MN now owns 411,738 shares of the company’s stock worth $13,789,000 after purchasing an additional 4,946 shares during 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 shares were sold at an average price of $25.94, for a total value of $325,962.04. Following the completion of the transaction, the chief executive officer now directly owns 123,000 shares of the company’s stock, valued at approximately $3,190,620. The trade was a 9.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 46.56% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. BMO Capital Markets raised their price target on shares of Revolve Group from $15.00 to $19.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 26th. Morgan Stanley reduced their price objective on shares of Revolve Group from $29.00 to $21.00 and set an “equal weight” rating for the company in a report on Thursday, April 17th. Barclays reaffirmed a “reduce” rating on shares of Revolve Group in a report on Wednesday, May 7th. Piper Sandler reduced their price objective on shares of Revolve Group from $35.00 to $22.00 and set an “overweight” rating for the company in a report on Friday, April 11th. Finally, UBS Group reduced their price objective on shares of Revolve Group from $22.00 to $19.00 and set a “neutral” rating for the company in a report on Wednesday, May 7th. One analyst has rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat, Revolve Group has an average rating of “Moderate Buy” and a consensus target price of $26.00.

Revolve Group Trading Up 4.2%

Shares of NYSE RVLV opened at $20.73 on Friday. Revolve Group, Inc. has a 1-year low of $14.87 and a 1-year high of $39.58. The company has a market cap of $1.48 billion, a PE ratio of 37.02, a P/E/G ratio of 1.48 and a beta of 2.10. The company has a 50-day moving average of $20.65 and a two-hundred day moving average of $27.83.

Revolve Group (NYSE:RVLV) last announced its 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 net margin of 3.72% and a return on equity of 10.17%. The company had revenue of $296.71 million during the quarter, compared to the consensus estimate of $297.56 million. During the same period in the previous year, the firm posted $0.15 earnings per share. The company’s revenue was up 9.7% on a year-over-year basis. As a group, equities research analysts forecast that Revolve Group, Inc. will post 0.6 earnings per share for the current year.

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.