Revolve Group, Inc. (NYSE:RVLV) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp lessened its stake in shares of Revolve Group, Inc. (NYSE:RVLV - Free Report) by 10.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 111,630 shares of the company's stock after selling 12,684 shares during the quarter. Bank of New York Mellon Corp owned about 0.16% of Revolve Group worth $3,738,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of RVLV. Polar Asset Management Partners Inc. acquired a new stake in shares of Revolve Group during the third quarter worth $3,982,000. JPMorgan Chase & Co. boosted its holdings in shares of Revolve Group by 83.4% during the third 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 last quarter. Principal Financial Group Inc. acquired a new stake in shares of Revolve Group during the fourth quarter worth $3,250,000. Maverick Capital Ltd. acquired a new stake in shares of Revolve Group during the third quarter worth $2,165,000. Finally, Thrivent Financial for Lutherans acquired a new stake in shares of Revolve Group during the third quarter worth $1,509,000. Institutional investors and hedge funds own 67.60% of the company's stock.

Revolve Group Stock Performance

Shares of NYSE RVLV traded up $0.20 during midday trading on Friday, reaching $22.14. 1,435,608 shares of the company's stock were exchanged, compared to its average volume of 1,018,393. Revolve Group, Inc. has a 52-week low of $14.87 and a 52-week high of $39.58. The stock has a market capitalization of $1.58 billion, a PE ratio of 39.53, a price-to-earnings-growth ratio of 1.48 and a beta of 2.25. The business's fifty day moving average price is $28.02 and its two-hundred day moving average price is $29.06.

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Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on RVLV. Barclays lifted their target price on Revolve Group from $25.00 to $26.00 and gave the company an "equal weight" rating in a report on Wednesday, February 26th. BMO Capital Markets lifted their target price on Revolve Group from $15.00 to $19.00 and gave the company a "market perform" rating in a report on Wednesday, February 26th. Jefferies Financial Group upgraded Revolve Group from a "hold" rating to a "buy" rating and set a $30.00 target price on the stock in a report on Friday, March 14th. 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. Finally, KeyCorp upgraded Revolve Group from a "sector weight" rating to an "overweight" rating and set a $37.00 target price on the stock in a report on Thursday, January 23rd. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Revolve Group presently has an average rating of "Moderate Buy" and a consensus price target of $30.53.

Insider Transactions at Revolve Group

In related news, CEO Michael Karanikolas sold 12,566 shares of the business's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $25.94, for a total value 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 $3,190,620. The trade was a 9.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Michael Mente sold 45,987 shares of the business's stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $30.50, for a total value of $1,402,603.50. Following the completion of the sale, the chief executive officer now directly owns 73,000 shares of the company's stock, valued at approximately $2,226,500. This represents a 38.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 372,373 shares of company stock valued at $11,268,499. 46.56% of the stock is currently owned by insiders.

Revolve Group Company 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.