Bryce Point Capital LLC Makes New $1.83 Million Investment in Revolve Group, Inc. (NYSE:RVLV)

Bryce Point Capital LLC bought a new stake in Revolve Group, Inc. (NYSE:RVLV) in the 4th quarter, according to its most recent disclosure 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 makes up approximately 0.5% of Bryce Point Capital LLC’s portfolio, making the stock its 19th largest position.

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

Revolve Group Trading Up 2.4 %

Shares of Revolve Group stock opened at $22.01 on Wednesday. The company’s 50-day moving average price is $27.03 and its 200-day moving average price is $29.17. Revolve Group, Inc. has a 12-month low of $14.87 and a 12-month high of $39.58. The company has a market cap of $1.57 billion, a price-to-earnings ratio of 39.30, a PEG ratio of 1.48 and a beta of 2.25.

Insider Buying and Selling

In other news, CEO Michael Mente sold 69,605 shares of Revolve Group stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $29.77, for a total transaction of $2,072,140.85. Following the completion of the sale, the chief executive officer now owns 73,000 shares in the company, valued at approximately $2,173,210. This trade represents a 48.81 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Michael Karanikolas sold 12,566 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $25.94, for a total transaction of $325,962.04. Following the completion of the transaction, the chief executive officer now owns 123,000 shares in the company, valued at approximately $3,190,620. This trade represents a 9.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 372,373 shares of company stock valued at $11,268,499. Company insiders own 46.56% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on RVLV. Barclays lifted their price objective on shares of Revolve Group from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 26th. Jefferies Financial Group raised 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. Stifel Nicolaus reduced their price objective on Revolve Group from $41.00 to $40.00 and set a “buy” rating for the company in a report on Wednesday, February 26th. KeyCorp raised Revolve Group from a “sector weight” rating to an “overweight” rating and set a $37.00 target price for the company in a research report on Thursday, January 23rd. Finally, Roth Mkm reaffirmed a “buy” rating and set a $36.00 price target (up previously from $35.00) on shares of Revolve Group in a research report on Wednesday, February 26th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $30.53.

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.