54,731 Shares in Revolve Group, Inc. (NYSE:RVLV) Purchased by Bryce Point Capital LLC

Bryce Point Capital LLC bought a new position in shares of Revolve Group, Inc. (NYSE:RVLV - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 54,731 shares of the company's stock, valued at approximately $1,833,000. Revolve Group accounts for about 0.5% of Bryce Point Capital LLC's holdings, making the stock its 19th largest holding. Bryce Point Capital LLC owned about 0.08% of Revolve Group at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Intech Investment Management LLC purchased a new stake in shares of Revolve Group in the 3rd quarter valued at approximately $241,000. Charles Schwab Investment Management Inc. grew its stake in shares of Revolve Group by 0.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 315,213 shares of the company's stock worth $7,811,000 after purchasing an additional 2,963 shares in the last quarter. Centiva Capital LP increased its holdings in Revolve Group by 238.3% in the third quarter. Centiva Capital LP now owns 56,133 shares of the company's stock valued at $1,391,000 after buying an additional 39,538 shares during the last quarter. HighTower Advisors LLC purchased a new position in Revolve Group in the third quarter valued at $250,000. Finally, Polar Asset Management Partners Inc. purchased a new stake in Revolve Group during the 3rd quarter worth about $3,982,000. Institutional investors and hedge funds own 67.60% of the company's stock.

Analyst Ratings Changes

RVLV has been the topic of a number of recent analyst reports. Roth Mkm reiterated a "buy" rating and issued a $36.00 price objective (up previously from $35.00) on shares of Revolve Group in a report on Wednesday, February 26th. Stifel Nicolaus dropped their price target on shares of Revolve Group from $41.00 to $40.00 and set a "buy" rating on the stock in a research note on Wednesday, February 26th. 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 research report on Friday, March 14th. Barclays lifted their price target on shares of Revolve Group from $25.00 to $26.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 26th. Finally, BMO Capital Markets raised their price objective on Revolve Group from $15.00 to $19.00 and gave the stock a "market perform" rating in a report on Wednesday, February 26th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $30.53.

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Revolve Group Trading Down 0.5 %

Shares of NYSE:RVLV traded down $0.10 during midday trading on Friday, hitting $18.81. The stock had a trading volume of 2,731,468 shares, compared to its average volume of 1,065,683. Revolve Group, Inc. has a 1 year low of $14.87 and a 1 year high of $39.58. The stock has a 50 day moving average price of $26.34 and a two-hundred day moving average price of $29.01. The company has a market capitalization of $1.34 billion, a PE ratio of 33.58, a P/E/G ratio of 1.48 and a beta of 2.10.

Insider Activity at Revolve Group

In related news, CEO Michael Mente sold 44,962 shares of the firm's stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $30.93, for a total value of $1,390,674.66. Following the completion of the sale, the chief executive officer now owns 73,000 shares in the company, valued at $2,257,890. This trade represents a 38.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael Karanikolas sold 12,566 shares of the company's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $25.94, for a total transaction of $325,962.04. Following the transaction, the chief executive officer now owns 123,000 shares in the company, valued at $3,190,620. The trade was a 9.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 372,373 shares of company stock worth $11,268,499 over the last 90 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.