Coatue Management LLC Acquires New Shares in Revolve Group (NYSE:RVLV)

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Coatue Management LLC acquired a new stake in Revolve Group (NYSE:RVLV) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 10,268 shares of the company’s stock, valued at approximately $153,000.

A number of other large investors have also added to or reduced their stakes in the stock. Wells Fargo & Company MN increased its holdings in shares of Revolve Group by 710.1% during the 1st quarter. Wells Fargo & Company MN now owns 967,712 shares of the company’s stock worth $8,361,000 after buying an additional 848,256 shares during the last quarter. William Blair Investment Management LLC bought a new stake in Revolve Group in the second quarter worth approximately $8,857,000. UBS Group AG increased its holdings in Revolve Group by 530.2% in the first quarter. UBS Group AG now owns 449,847 shares of the company’s stock worth $3,887,000 after purchasing an additional 378,462 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Revolve Group by 15.8% during the second quarter. Vanguard Group Inc. now owns 1,401,989 shares of the company’s stock valued at $20,833,000 after acquiring an additional 191,131 shares in the last quarter. Finally, Polen Capital Management LLC bought a new stake in shares of Revolve Group during the first quarter valued at approximately $1,458,000. 16.67% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have recently commented on RVLV shares. BMO Capital Markets boosted their price objective on Revolve Group from $11.00 to $18.00 and gave the company a “market perform” rating in a report on Thursday, August 13th. Nomura boosted their price objective on Revolve Group from $14.00 to $17.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 9th. B. Riley boosted their price objective on Revolve Group from $13.00 to $17.00 and gave the stock a “buy” rating in a research report on Thursday, May 14th. Robert W. Baird boosted their price objective on Revolve Group from $16.00 to $18.00 and gave the stock an “outperform” rating in a research report on Thursday, May 14th. Finally, Credit Suisse Group boosted their price objective on Revolve Group from $17.00 to $26.00 and gave the stock an “outperform” rating in a research report on Thursday, August 13th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Revolve Group currently has an average rating of “Hold” and an average target price of $20.65.

In related news, Director Hadley Mullin sold 4,745,765 shares of the firm’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $21.35, for a total value of $101,322,082.75. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, COO David Pujades sold 7,712 shares of the firm’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $18.10, for a total transaction of $139,587.20. Following the completion of the transaction, the chief operating officer now directly owns 5,200 shares in the company, valued at $94,120. The disclosure for this sale can be found here. Insiders sold a total of 4,932,042 shares of company stock worth $105,609,952 over the last ninety days. 58.74% of the stock is currently owned by corporate insiders.

Shares of RVLV stock traded down $0.47 during mid-day trading on Friday, hitting $20.78. 1,255,200 shares of the stock were exchanged, compared to its average volume of 2,282,842. The firm has a fifty day moving average of $18.38 and a 200 day moving average of $14.72. Revolve Group has a 52-week low of $7.17 and a 52-week high of $26.69. The company has a market cap of $1.44 billion, a PE ratio of 40.75, a price-to-earnings-growth ratio of 2.34 and a beta of 2.80.

Revolve Group (NYSE:RVLV) last posted its earnings results on Wednesday, August 12th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.18. Revolve Group had a net margin of 6.16% and a return on equity of 26.98%. The business had revenue of $142.78 million for the quarter, compared to analyst estimates of $120.68 million. On average, equities research analysts anticipate that Revolve Group will post 0.51 EPS for the current fiscal year.

Revolve Group Company Profile

Revolve Group, Inc operates as an online fashion retailer for consumers in the United States and internationally. The company operates a platform that connects consumers and global fashion influencers, as well as emerging, established, and owned brands. It provides women's apparel, footwear, accessories, and beauty styles under a range of established and emerging brands, as well as owned brands.

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Institutional Ownership by Quarter for Revolve Group (NYSE:RVLV)

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