Fox Run Management L.L.C. Takes Position in Revolve Group, Inc. (NYSE:RVLV)

Fox Run Management L.L.C. purchased a new position in shares of Revolve Group, Inc. (NYSE:RVLV - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 11,004 shares of the company's stock, valued at approximately $369,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in RVLV. Venturi Wealth Management LLC boosted its holdings in Revolve Group by 1,302.1% during the fourth quarter. Venturi Wealth Management LLC now owns 1,346 shares of the company's stock worth $45,000 after purchasing an additional 1,250 shares during the last quarter. Sugar Maple Asset Management LLC acquired a new position in shares of Revolve Group during the 4th quarter worth about $50,000. Northwest & Ethical Investments L.P. bought a new position in shares of Revolve Group in the 4th quarter valued at about $87,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of Revolve Group in the fourth quarter valued at about $117,000. Finally, AlphaQuest LLC raised its holdings in Revolve Group by 7.7% during the fourth quarter. AlphaQuest LLC now owns 5,535 shares of the company's stock worth $185,000 after acquiring an additional 396 shares in the last quarter. 67.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on RVLV shares. Stifel Nicolaus lowered their price target on Revolve Group from $41.00 to $40.00 and set a "buy" rating on the stock in a research report on Wednesday, February 26th. Roth Mkm reaffirmed a "buy" rating and set a $36.00 price target (up from $35.00) on shares of Revolve Group in a research report on Wednesday, February 26th. BMO Capital Markets lifted their price objective on shares of Revolve Group from $15.00 to $19.00 and gave the company a "market perform" rating in a research report on Wednesday, February 26th. Jefferies Financial Group upgraded shares of 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. Finally, Barclays raised their target price on shares of Revolve Group from $25.00 to $26.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 26th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Revolve Group presently has an average rating of "Moderate Buy" and a consensus target price of $30.53.

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Revolve Group Stock Performance

NYSE:RVLV traded down $0.93 during mid-day trading on Friday, hitting $22.24. 868,403 shares of the stock were exchanged, compared to its average volume of 1,045,966. The firm's 50-day simple moving average is $27.38 and its 200 day simple moving average is $29.20. The stock has a market capitalization of $1.58 billion, a price-to-earnings ratio of 39.72, a price-to-earnings-growth ratio of 1.48 and a beta of 2.25. Revolve Group, Inc. has a fifty-two week low of $14.87 and a fifty-two week high of $39.58.

Insider Transactions at Revolve Group

In other news, CEO Michael Mente sold 69,605 shares of the company's stock in a transaction on Friday, January 10th. The stock was sold at an average price of $29.77, for a total transaction of $2,072,140.85. Following the completion of the sale, the chief executive officer now directly owns 73,000 shares in the company, valued at approximately $2,173,210. This represents a 48.81 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Michael Karanikolas sold 12,566 shares of the firm'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 completion of the transaction, the chief executive officer now owns 123,000 shares in the company, valued at $3,190,620. The trade was a 9.27 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 372,373 shares of company stock valued at $11,268,499. 46.56% of the stock is currently owned by corporate insiders.

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.