1,500 Shares in Revolve Group, Inc. (NYSE:RVLV) Acquired by Sugar Maple Asset Management LLC

Sugar Maple Asset Management LLC purchased a new position in Revolve Group, Inc. (NYSE:RVLV) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,500 shares of the company’s stock, valued at approximately $50,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. grew its holdings in shares of Revolve Group by 83.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 349,670 shares of the company’s stock worth $8,665,000 after acquiring an additional 158,960 shares during the period. Franklin Resources Inc. increased its position in 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 in the last quarter. Barclays PLC increased its position in 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 in the last quarter. Polar Asset Management Partners Inc. purchased a new position in Revolve Group during the third quarter worth $3,982,000. Finally, HighTower Advisors LLC purchased a new position in Revolve Group during the third quarter worth $250,000. Institutional investors and hedge funds own 67.60% of the company’s stock.

Revolve Group Price Performance

Shares of RVLV opened at $30.00 on Tuesday. The stock’s 50-day moving average is $33.96 and its two-hundred day moving average is $26.78. The stock has a market cap of $2.12 billion, a PE ratio of 53.58, a P/E/G ratio of 1.52 and a beta of 2.18. Revolve Group, Inc. has a 12 month low of $13.96 and a 12 month high of $39.58.

Revolve Group (NYSE:RVLV) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.05. The company had revenue of $283.15 million for the quarter, compared to analysts’ expectations of $271.08 million. Revolve Group had a return on equity of 10.17% and a net margin of 3.72%. The firm’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.04 earnings per share. On average, research analysts anticipate that Revolve Group, Inc. will post 0.6 earnings per share for the current year.

Insiders Place Their Bets

In related news, CFO Jesse Timmermans sold 91,625 shares of the business’s stock in a transaction dated 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 transaction, 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Michael Mente sold 200,000 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $31.43, for a total value of $6,286,000.00. Following the completion of the transaction, the chief executive officer now owns 73,000 shares in the company, valued at approximately $2,294,390. This trade represents a 73.26 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 900,807 shares of company stock worth $29,507,102 over the last quarter. 46.56% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on RVLV shares. TD Cowen raised their price target on Revolve Group from $28.00 to $34.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. UBS Group raised their price target on Revolve Group from $25.00 to $30.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Barclays raised Revolve Group from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $17.00 to $25.00 in a research report on Wednesday, November 6th. Roth Mkm reaffirmed a “buy” rating and issued a $35.00 price objective (up previously from $29.00) on shares of Revolve Group in a research report on Wednesday, November 6th. Finally, Stifel Nicolaus lifted their price objective on Revolve Group from $35.00 to $41.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $29.07.

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.