Polar Asset Management Partners Inc. Invests $3.98 Million in Revolve Group, Inc. (NYSE:RVLV)

Polar Asset Management Partners Inc. purchased a new position in shares of Revolve Group, Inc. (NYSE:RVLV - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 160,700 shares of the company's stock, valued at approximately $3,982,000. Polar Asset Management Partners Inc. owned about 0.23% of Revolve Group at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD boosted its holdings in shares of Revolve Group by 4.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 26,498 shares of the company's stock valued at $561,000 after buying an additional 1,227 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Revolve Group by 8.0% in the second quarter. Bank of New York Mellon Corp now owns 163,495 shares of the company's stock valued at $2,601,000 after acquiring an additional 12,094 shares during the last quarter. BloombergSen Inc. boosted its stake in Revolve Group by 21.6% in the second quarter. BloombergSen Inc. now owns 25,335 shares of the company's stock valued at $403,000 after acquiring an additional 4,500 shares in the last quarter. Versor Investments LP grew its holdings in shares of Revolve Group by 9.0% during the second quarter. Versor Investments LP now owns 16,953 shares of the company's stock worth $270,000 after purchasing an additional 1,405 shares during the last quarter. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of Revolve Group during the second quarter worth about $456,000. 67.60% of the stock is owned by hedge funds and other institutional investors.

Revolve Group Trading Up 1.4 %

Shares of RVLV traded up $0.49 during mid-day trading on Thursday, hitting $36.17. The company's stock had a trading volume of 1,196,662 shares, compared to its average volume of 1,018,385. Revolve Group, Inc. has a 1-year low of $13.76 and a 1-year high of $39.03. The firm has a market capitalization of $2.56 billion, a P/E ratio of 63.71, a P/E/G ratio of 2.24 and a beta of 2.19. The firm has a 50-day simple moving average of $29.16 and a 200 day simple moving average of $23.05.

Revolve Group (NYSE:RVLV - Get Free Report) last released its earnings results on Tuesday, November 5th. The company reported $0.15 EPS for the quarter, beating analysts' consensus estimates of $0.10 by $0.05. The company had revenue of $283.15 million during the quarter, compared to the consensus estimate of $271.08 million. Revolve Group had a return on equity of 10.17% and a net margin of 3.72%. Revolve Group's quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.04 earnings per share. As a group, sell-side analysts predict that Revolve Group, Inc. will post 0.6 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Michael Mente sold 200,000 shares of Revolve Group stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $31.43, for a total transaction of $6,286,000.00. Following the completion of the transaction, the chief executive officer now directly owns 73,000 shares of the company's stock, valued at approximately $2,294,390. The trade was a 73.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Jesse Timmermans sold 91,625 shares of the business's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $30.72, for a total value of $2,814,720.00. Following the sale, the chief financial officer now owns 3,054 shares in the company, valued at approximately $93,818.88. The trade was a 96.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 770,512 shares of company stock valued at $24,534,363. Corporate insiders own 46.56% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on RVLV shares. UBS Group upped their target price on Revolve Group from $25.00 to $30.00 and gave the company a "neutral" rating in a research report on Wednesday, November 6th. TD Cowen increased their price objective on Revolve Group from $28.00 to $34.00 and gave the company a "buy" rating in a report on Wednesday, November 6th. Wedbush reaffirmed a "neutral" rating and issued a $19.00 target price on shares of Revolve Group in a report on Wednesday, August 7th. Morgan Stanley reiterated an "equal weight" rating and issued a $26.00 price target (up previously from $17.00) on shares of Revolve Group in a research report on Monday, October 21st. Finally, Robert W. Baird raised their price objective on shares of Revolve Group from $24.00 to $33.00 and gave the stock a "neutral" rating in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Revolve Group currently has an average rating of "Hold" and a consensus target price of $26.19.

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.