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

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

A number of other institutional investors and hedge funds have also modified their holdings of RVLV. Barclays PLC raised its stake in shares of 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 buying an additional 52,257 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of 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 buying an additional 1,753 shares during the last quarter. Sugar Maple Asset Management LLC bought a new stake in shares of Revolve Group during the fourth quarter worth approximately $50,000. Dakota Wealth Management bought a new stake in shares of Revolve Group during the fourth quarter worth approximately $211,000. Finally, Janney Montgomery Scott LLC bought a new stake in shares of Revolve Group during the fourth quarter worth approximately $275,000. 67.60% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CEO Michael Karanikolas sold 12,566 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $25.94, for a total transaction of $325,962.04. Following the completion of the transaction, the chief executive officer now owns 123,000 shares in the company, valued at approximately $3,190,620. This represents a 9.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 46.56% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on RVLV. UBS Group dropped their price target on shares of Revolve Group from $22.00 to $19.00 and set a “neutral” rating for the company in a research note on Wednesday, May 7th. BMO Capital Markets boosted their price objective on shares of Revolve Group from $15.00 to $19.00 and gave the company a “market perform” rating in a report on Wednesday, February 26th. Raymond James decreased their price objective on shares of Revolve Group from $25.00 to $21.00 and set an “outperform” rating for the company in a report on Wednesday, May 7th. Morgan Stanley decreased 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. Finally, Jefferies Financial Group upgraded shares of 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. One research 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’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.00.

Revolve Group Stock Up 4.2%

Revolve Group stock opened at $20.73 on Friday. The stock has a market capitalization of $1.48 billion, a PE ratio of 37.02, a price-to-earnings-growth ratio of 1.48 and a beta of 2.10. Revolve Group, Inc. has a twelve month low of $14.87 and a twelve month high of $39.58. The company has a 50 day moving average of $20.65 and a 200-day moving average of $27.83.

Revolve Group (NYSE:RVLV) last released its quarterly earnings results 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 company had revenue of $296.71 million during the quarter, compared to analysts’ expectations of $297.56 million. Revolve Group had a net margin of 3.72% and a return on equity of 10.17%. The business’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.15 earnings per share. Equities analysts anticipate that Revolve Group, Inc. will post 0.6 EPS for the current fiscal year.

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.