Cookson Peirce & Co. Inc. Acquires New Shares in Revolve Group, Inc. (NYSE:RVLV)

Cookson Peirce & Co. Inc. acquired a new stake in Revolve Group, Inc. (NYSE:RVLV - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 17,770 shares of the company's stock, valued at approximately $595,000.

Other large investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC boosted its position in Revolve Group by 249.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,126 shares of the company's stock worth $28,000 after acquiring an additional 804 shares during the last quarter. Venturi Wealth Management LLC boosted its position in Revolve Group by 1,302.1% during the 4th quarter. Venturi Wealth Management LLC now owns 1,346 shares of the company's stock worth $45,000 after acquiring an additional 1,250 shares during the last quarter. Sugar Maple Asset Management LLC acquired a new position in Revolve Group during the 4th quarter worth approximately $50,000. Dakota Wealth Management acquired a new position in Revolve Group during the 4th quarter worth approximately $211,000. Finally, Cornerstone Investment Partners LLC acquired a new position in Revolve Group during the 4th quarter worth approximately $218,000. Institutional investors and hedge funds own 67.60% of the company's stock.

Wall Street Analysts Forecast Growth

RVLV has been the subject of a number of recent research reports. Barclays upped their price target on Revolve Group from $25.00 to $26.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 26th. Stifel Nicolaus dropped their price objective on Revolve Group from $41.00 to $40.00 and set a "buy" rating on the stock in a research note on Wednesday, February 26th. Roth Mkm reiterated a "buy" rating and set a $36.00 price objective (up previously from $35.00) on shares of Revolve Group in a research note on Wednesday, February 26th. KeyCorp upgraded Revolve Group from a "sector weight" rating to an "overweight" rating and set a $37.00 price objective on the stock in a research note on Thursday, January 23rd. Finally, BMO Capital Markets upped their price objective on Revolve Group from $15.00 to $19.00 and gave the stock a "market perform" rating in a research note on Wednesday, February 26th. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $30.57.

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Insider Buying and Selling at Revolve Group

In other Revolve Group news, CEO Michael Karanikolas sold 12,566 shares of the company's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $25.94, for a total value of $325,962.04. Following the transaction, the chief executive officer now directly owns 123,000 shares of the company's stock, valued at $3,190,620. This represents a 9.27 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Michael Mente sold 62,441 shares of the company's stock in a transaction on Friday, December 20th. The shares were sold at an average price of $34.20, for a total value of $2,135,482.20. Following the completion of the transaction, the chief executive officer now directly owns 73,000 shares in the company, valued at approximately $2,496,600. This represents a 46.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 511,649 shares of company stock valued at $16,027,128 in the last ninety days. 46.56% of the stock is currently owned by corporate insiders.

Revolve Group Stock Performance

RVLV traded up $1.04 during trading hours on Friday, reaching $24.05. The company's stock had a trading volume of 1,239,784 shares, compared to its average volume of 994,215. The company's 50-day moving average is $29.89 and its 200-day moving average is $29.14. Revolve Group, Inc. has a 52 week low of $14.87 and a 52 week high of $39.58. The firm has a market cap of $1.70 billion, a PE ratio of 42.94, a price-to-earnings-growth ratio of 1.48 and a beta of 2.25.

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.