Invesco Ltd. Purchases 36,630 Shares of Revolve Group, Inc. (NYSE:RVLV)

Invesco Ltd. boosted its holdings in shares of Revolve Group, Inc. (NYSE:RVLV - Free Report) by 57.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 100,494 shares of the company's stock after buying an additional 36,630 shares during the period. Invesco Ltd. owned approximately 0.14% of Revolve Group worth $3,366,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Barclays PLC grew its holdings in shares of Revolve Group by 156.7% during the third quarter. Barclays PLC now owns 85,613 shares of the company's stock worth $2,122,000 after purchasing an additional 52,257 shares in the last quarter. Franklin Resources Inc. grew its stake in Revolve Group by 6.9% in the 3rd quarter. Franklin Resources Inc. now owns 27,195 shares of the company's stock worth $699,000 after buying an additional 1,753 shares in the last quarter. JPMorgan Chase & Co. increased its holdings 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 buying an additional 158,960 shares during the last quarter. Sugar Maple Asset Management LLC purchased a new stake in shares of Revolve Group during the 4th quarter valued at $50,000. Finally, Dakota Wealth Management bought a new stake in shares of Revolve Group during the 4th quarter worth $211,000. 67.60% of the stock is currently owned by hedge funds and other institutional investors.

Revolve Group Trading Down 2.0 %

Shares of RVLV opened at $20.39 on Monday. Revolve Group, Inc. has a 1-year low of $14.87 and a 1-year high of $39.58. The firm's 50-day moving average price is $22.66 and its 200-day moving average price is $28.48. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of 36.41, a PEG ratio of 1.48 and a beta of 2.10.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on RVLV shares. Jefferies Financial Group raised Revolve Group from a "hold" rating to a "buy" rating and set a $30.00 price target for the company in a research note on Friday, March 14th. Morgan Stanley lowered their price target on shares of Revolve Group from $29.00 to $21.00 and set an "equal weight" rating for the company in a research note on Thursday, April 17th. Barclays lifted their price objective on Revolve Group from $25.00 to $26.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 26th. Piper Sandler lowered their target price on Revolve Group from $35.00 to $22.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Finally, Stifel Nicolaus dropped their target price on Revolve Group from $40.00 to $28.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $28.53.

Insider Buying and Selling

In other news, CEO Michael Karanikolas sold 12,566 shares of the company's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $25.94, for a total value of $325,962.04. Following the sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael Mente sold 67,118 shares of the business's stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $30.91, for a total transaction of $2,074,617.38. Following the sale, the chief executive officer now directly owns 73,000 shares in the company, valued at $2,256,430. The trade was a 47.90 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 211,819 shares of company stock valued at $6,403,080 over the last three months. Corporate insiders own 46.56% of the company's stock.

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.

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