On April 11, 2023 at 10:32:16 ET an unusually large
$28.01K block of Put contracts in Revolve Group
(RVLV) was sold,
with a strike price of $22.50 / share, expiring in 10 days (on April 21, 2023).
Fintel tracks all large options trades, and the premium spent on this trade was 1.00 sigmas above the mean, placing it in the 100.00 percentile of all recent large trades made in RVLV options.
This trade was first picked up on Fintel’s real time Unusual Option Trades
tool, where unusual option trades are highlighted.
Analyst Price Forecast Suggests 20.50% Upside
As of April 6, 2023,
the average one-year price target for Revolve Group is $28.92.
The forecasts range from a low of $20.20 to a high of $36.75.
The average price target represents an increase of 20.50% from its latest reported closing price of $24.00.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Revolve Group
is $1,182MM, an increase of 7.32%.
The projected annual non-GAAP EPS
is $0.89.
What is the Fund Sentiment?
There are 437 funds or institutions reporting positions in Revolve Group.
This is a decrease
of
18
owner(s) or 3.96% in the last quarter.
Average portfolio weight of all funds dedicated to RVLV is 0.30%,
an increase
of 62.21%.
Total shares owned by institutions decreased
in the last three months by 2.54% to 62,821K shares.
The put/call ratio of RVLV is 9.92, indicating a
bearish
outlook.
What are Large Shareholders Doing?
Kayne Anderson Rudnick Investment Management
holds 6,530K shares
representing 8.90% ownership of the company.
In it’s prior filing, the firm reported owning 7,148K shares, representing
a decrease
of 9.47%.
The firm
decreased
its portfolio allocation in RVLV by 47.82% over the last quarter.
William Blair Investment Management
holds 4,770K shares
representing 6.50% ownership of the company.
In it’s prior filing, the firm reported owning 5,000K shares, representing
a decrease
of 4.81%.
The firm
decreased
its portfolio allocation in RVLV by 99.91% over the last quarter.
PSGAX – Virtus KAR Small-Cap Growth Fund
holds 4,711K shares
representing 6.42% ownership of the company.
In it’s prior filing, the firm reported owning 5,279K shares, representing
a decrease
of 12.06%.
The firm
increased
its portfolio allocation in RVLV by 1.34% over the last quarter.
Fisher Asset Management
holds 2,638K shares
representing 3.60% ownership of the company.
In it’s prior filing, the firm reported owning 2,627K shares, representing
an increase
of 0.41%.
The firm
decreased
its portfolio allocation in RVLV by 7.06% over the last quarter.
FDGRX – Fidelity Growth Company Fund
holds 1,894K shares
representing 2.58% ownership of the company.
In it’s prior filing, the firm reported owning 1,958K shares, representing
a decrease
of 3.42%.
The firm
increased
its portfolio allocation in RVLV by 11.04% over the last quarter.
Revolve Group Background Information
(This description is provided by the company.)
Revolve Group, Inc. (RVLV) is the next-generation fashion retailer for Millennial and Generation Z consumers. As a trusted, premium lifestyle brand, and a go-to online source for discovery and inspiration, we deliver an engaging customer experience from a vast yet curated offering of apparel, footwear, accessories and beauty styles. Our dynamic platform connects a deeply engaged community of millions of consumers, thousands of global fashion influencers, and hundreds of emerging, established and owned brands.
We were founded in 2003 by our co-CEOs, Michael Mente and Mike Karanikolas. We sell merchandise through two differentiated segments, REVOLVE and FORWARD, that leverage one platform. Through REVOLVE we offer a highly curated assortment of premium apparel and footwear, accessories and beauty products from emerging, established and owned brands. Through FORWARD we offer an assortment of iconic and emerging luxury brands.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
