Stock Traders Buy High Volume of Call Options on Revolve Group (NYSE:RVLV)

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Revolve Group, Inc. (NYSE:RVLV) was the recipient of unusually large options trading on Thursday. Traders bought 9,432 call options on the stock. This is an increase of 180% compared to the average volume of 3,368 call options.

NYSE:RVLV opened at $20.14 on Friday. Revolve Group has a one year low of $7.17 and a one year high of $24.41. The stock has a market cap of $1.40 billion, a PE ratio of 39.49, a P/E/G ratio of 2.07 and a beta of 2.82. The stock has a 50 day moving average price of $18.64 and a 200 day moving average price of $16.97.

Revolve Group (NYSE:RVLV) last posted its quarterly earnings results on Wednesday, November 11th. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.14 by $0.13. Revolve Group had a return on equity of 26.98% and a net margin of 6.16%. The firm had revenue of $151.04 million during the quarter, compared to analysts’ expectations of $158.63 million. During the same quarter last year, the firm earned $0.13 earnings per share. The business’s revenue for the quarter was down 2.0% on a year-over-year basis. As a group, sell-side analysts forecast that Revolve Group will post 0.51 EPS for the current year.

In related news, major shareholder L.P. Tsg6 sold 3,789,230 shares of the firm’s stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $19.24, for a total transaction of $72,904,785.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Michael Mente sold 175,000 shares of the firm’s stock in a transaction dated Friday, November 13th. The stock was sold at an average price of $20.04, for a total value of $3,507,000.00. Following the sale, the chief executive officer now directly owns 198,000 shares in the company, valued at $3,967,920. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,680,131 shares of company stock worth $254,567,900. 58.74% of the stock is owned by corporate insiders.

Several large investors have recently bought and sold shares of RVLV. Geode Capital Management LLC increased its holdings in shares of Revolve Group by 17.0% in the first quarter. Geode Capital Management LLC now owns 116,261 shares of the company’s stock valued at $1,004,000 after purchasing an additional 16,884 shares during the last quarter. Morgan Stanley increased its stake in Revolve Group by 13.7% during the first quarter. Morgan Stanley now owns 193,708 shares of the company’s stock worth $1,674,000 after acquiring an additional 23,346 shares during the last quarter. Royal Bank of Canada increased its stake in Revolve Group by 189.8% during the first quarter. Royal Bank of Canada now owns 43,668 shares of the company’s stock worth $377,000 after acquiring an additional 28,602 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Revolve Group during the second quarter worth $149,000. Finally, Raymond James Financial Services Advisors Inc. increased its stake in Revolve Group by 4.1% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 18,720 shares of the company’s stock worth $278,000 after acquiring an additional 744 shares during the last quarter. 16.67% of the stock is owned by hedge funds and other institutional investors.

RVLV has been the topic of a number of recent analyst reports. Barclays lowered their price target on Revolve Group from $27.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Thursday. MKM Partners initiated coverage on Revolve Group in a research report on Thursday, September 17th. They set a “buy” rating and a $24.00 price target on the stock. Zacks Investment Research downgraded Revolve Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 14th. Credit Suisse Group lowered their price target on Revolve Group from $26.00 to $25.00 and set an “outperform” rating on the stock in a research report on Thursday. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Revolve Group in a research report on Thursday. Thirteen investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $21.35.

About Revolve Group

Revolve Group, Inc operates as an online fashion retailer for consumers in the United States and internationally. The company operates through two segments, REVOLVE and FORWARD. It operates a platform that connects consumers and global fashion influencers, as well as emerging, established, and owned brands.

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