Dynamic Technology Lab Private Ltd Trims Stock Position in Revolve Group, Inc. (NYSE:RVLV)

Dynamic Technology Lab Private Ltd reduced its position in Revolve Group, Inc. (NYSE:RVLV - Free Report) by 63.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,465 shares of the company's stock after selling 33,714 shares during the quarter. Dynamic Technology Lab Private Ltd's holdings in Revolve Group were worth $652,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. JPMorgan Chase & Co. grew 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 buying an additional 158,960 shares during the last quarter. Barclays PLC lifted its position in Revolve Group by 156.7% during the 3rd quarter. Barclays PLC now owns 85,613 shares of the company's stock worth $2,122,000 after acquiring an additional 52,257 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Revolve Group by 1.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 318,683 shares of the company's stock valued at $10,673,000 after purchasing an additional 3,470 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of Revolve Group by 6.9% in the third quarter. Franklin Resources Inc. now owns 27,195 shares of the company's stock valued at $699,000 after purchasing an additional 1,753 shares during the period. Finally, Janney Montgomery Scott LLC purchased a new stake in shares of Revolve Group during the fourth quarter worth approximately $275,000. 67.60% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Piper Sandler lowered their price objective on shares of Revolve Group from $35.00 to $22.00 and set an "overweight" rating on the stock in a research report on Friday. Barclays raised their target price on shares of Revolve Group from $25.00 to $26.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 26th. BMO Capital Markets boosted their price target on shares of Revolve Group from $15.00 to $19.00 and gave the stock a "market perform" rating in a research note on Wednesday, February 26th. KeyCorp raised shares of Revolve Group from a "sector weight" rating to an "overweight" rating and set a $37.00 price target for the company in a report on Thursday, January 23rd. Finally, Jefferies Financial Group raised Revolve Group from a "hold" rating to a "buy" rating and set a $30.00 price objective on the stock in a report on Friday, March 14th. 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, the stock has a consensus rating of "Moderate Buy" and an average price target of $28.87.

Revolve Group Stock Performance

NYSE:RVLV traded down $0.17 during mid-day trading on Friday, hitting $19.91. 2,080,714 shares of the company's stock traded hands, compared to its average volume of 1,094,305. Revolve Group, Inc. has a 1 year low of $14.87 and a 1 year high of $39.58. The company has a market cap of $1.42 billion, a PE ratio of 35.56, a price-to-earnings-growth ratio of 1.48 and a beta of 2.10. The firm's 50 day simple moving average is $24.81 and its 200 day simple moving average is $28.79.

Insider Transactions at Revolve Group

In other Revolve Group news, CEO Michael Mente sold 66,413 shares of the firm's stock in a transaction on Wednesday, January 29th. The stock was sold at an average price of $30.48, for a total transaction of $2,024,268.24. Following the completion of the transaction, the chief executive officer now owns 73,000 shares of the company's stock, valued at approximately $2,225,040. This trade represents a 47.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Michael Karanikolas sold 12,566 shares of the company's stock in a transaction on Monday, March 3rd. The shares were 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 owns 123,000 shares in the company, valued at $3,190,620. This represents a 9.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 256,781 shares of company stock valued at $7,793,755 in the last ninety days. Corporate insiders own 46.56% of the company's stock.

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.