EAM Investors LLC Acquires Shares of 118,511 Revolve Group, Inc. (NYSE:RVLV)

EAM Investors LLC bought a new stake in Revolve Group, Inc. (NYSE:RVLV - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 118,511 shares of the company's stock, valued at approximately $3,969,000. EAM Investors LLC owned approximately 0.17% of Revolve Group at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in RVLV. Federated Hermes Inc. lifted its position in Revolve Group by 205.6% in the 4th quarter. Federated Hermes Inc. now owns 237,314 shares of the company's stock valued at $7,948,000 after acquiring an additional 159,655 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Revolve Group by 83.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 349,670 shares of the company's stock worth $8,665,000 after acquiring an additional 158,960 shares in the last quarter. Teacher Retirement System of Texas purchased a new stake in Revolve Group in the 4th quarter valued at about $4,185,000. Barclays PLC increased its position in shares of Revolve Group by 132.1% during the fourth quarter. Barclays PLC now owns 198,705 shares of the company's stock valued at $6,656,000 after acquiring an additional 113,092 shares during the last quarter. Finally, Madison Investment Advisors LLC bought a new stake in shares of Revolve Group during the 4th quarter worth $3,606,000. 67.60% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Revolve Group

In related news, CEO Michael Karanikolas sold 12,566 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $25.94, for a total transaction of $325,962.04. Following the completion of the sale, the chief executive officer now owns 123,000 shares in the company, valued at approximately $3,190,620. This trade represents a 9.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Michael Mente sold 44,962 shares of the business's stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $30.93, for a total value of $1,390,674.66. Following the completion of the transaction, the chief executive officer now directly owns 73,000 shares in the company, valued at approximately $2,257,890. This represents a 38.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 256,781 shares of company stock worth $7,793,755. 46.56% of the stock is owned by company insiders.

Revolve Group Price Performance

Revolve Group stock traded down $0.77 during mid-day trading on Monday, reaching $19.03. 234,796 shares of the stock traded hands, compared to its average volume of 1,092,852. The business's 50-day moving average is $23.79 and its 200-day moving average is $28.63. The stock has a market capitalization of $1.36 billion, a PE ratio of 33.98, a price-to-earnings-growth ratio of 1.48 and a beta of 2.10. Revolve Group, Inc. has a 12-month low of $14.87 and a 12-month high of $39.58.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Roth Mkm reaffirmed a "buy" rating and set a $36.00 price target (up previously from $35.00) on shares of Revolve Group in a research report on Wednesday, February 26th. KeyCorp raised shares of 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. Jefferies Financial Group upgraded Revolve Group from a "hold" rating to a "buy" rating and set a $30.00 price objective on the stock in a research note on Friday, March 14th. 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. Finally, Piper Sandler reduced their price objective on shares of Revolve Group from $35.00 to $22.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, Revolve Group currently has an average rating of "Moderate Buy" and an average target price of $28.53.

Revolve Group 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.