Bryce Point Capital LLC Acquires New Shares in Revolve Group, Inc. (NYSE:RVLV)

Bryce Point Capital LLC bought a new position in Revolve Group, Inc. (NYSE:RVLV) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 54,731 shares of the company’s stock, valued at approximately $1,833,000. Revolve Group makes up about 0.5% of Bryce Point Capital LLC’s investment portfolio, making the stock its 19th largest holding. Bryce Point Capital LLC owned 0.08% of Revolve Group at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of RVLV. Polar Asset Management Partners Inc. bought a new stake in shares of Revolve Group during the third quarter worth about $3,982,000. JPMorgan Chase & Co. raised its holdings in Revolve Group by 83.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 349,670 shares of the company’s stock valued at $8,665,000 after buying an additional 158,960 shares during the last quarter. Teacher Retirement System of Texas bought a new stake in Revolve Group during the 4th quarter worth approximately $4,185,000. Madison Investment Advisors LLC bought a new stake in Revolve Group during the 4th quarter worth approximately $3,606,000. Finally, Picton Mahoney Asset Management acquired a new position in Revolve Group in the 4th quarter valued at approximately $3,515,000. Institutional investors and hedge funds own 67.60% of the company’s stock.

Insider Transactions at Revolve Group

In related news, CEO Michael Mente sold 69,605 shares of the stock in a transaction on Friday, January 10th. The stock was sold at an average price of $29.77, for a total value of $2,072,140.85. Following the transaction, the chief executive officer now directly owns 73,000 shares in the company, valued at $2,173,210. This trade represents a 48.81 % decrease in their position. 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 Revolve Group 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 sale, 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 position. The disclosure for this sale can be found here. Insiders have sold 372,373 shares of company stock valued at $11,268,499 in the last 90 days. 46.56% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

RVLV has been the topic of a number of recent research reports. Jefferies Financial Group upgraded shares of Revolve Group from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a report on Friday, March 14th. Barclays upped their price target on Revolve Group from $25.00 to $26.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 26th. KeyCorp raised Revolve Group from a “sector weight” rating to an “overweight” rating and set a $37.00 price target for the company in a research note on Thursday, January 23rd. BMO Capital Markets lifted their price objective on Revolve Group from $15.00 to $19.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 26th. Finally, Stifel Nicolaus reduced their target price on Revolve Group from $41.00 to $40.00 and set a “buy” rating on the stock in a report on Wednesday, February 26th. Seven research 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, Revolve Group has an average rating of “Moderate Buy” and a consensus target price of $30.53.

Revolve Group Trading Up 2.4 %

NYSE:RVLV opened at $22.01 on Wednesday. Revolve Group, Inc. has a 12 month low of $14.87 and a 12 month high of $39.58. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of 39.30, a PEG ratio of 1.48 and a beta of 2.25. The firm has a fifty day simple moving average of $27.03 and a two-hundred day simple moving average of $29.17.

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.