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

Landscape Capital Management L.L.C. bought a new position in shares of Revolve Group, Inc. (NYSE:RVLV - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 17,869 shares of the company's stock, valued at approximately $598,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of RVLV. Vanguard Group Inc. raised its stake in shares of Revolve Group by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 3,832,207 shares of the company's stock valued at $128,341,000 after purchasing an additional 65,602 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Revolve Group by 83.4% during the third quarter. JPMorgan Chase & Co. now owns 349,670 shares of the company's stock valued at $8,665,000 after buying an additional 158,960 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Revolve Group by 1.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 318,683 shares of the company's stock valued at $10,673,000 after buying an additional 3,470 shares in the last quarter. Sei Investments Co. grew its position in shares of Revolve Group by 6.8% in the 4th quarter. Sei Investments Co. now owns 179,081 shares of the company's stock worth $5,997,000 after acquiring an additional 11,362 shares in the last quarter. Finally, New York State Common Retirement Fund increased its holdings in shares of Revolve Group by 3.0% in the 4th quarter. New York State Common Retirement Fund now owns 164,924 shares of the company's stock valued at $5,523,000 after acquiring an additional 4,844 shares during the last quarter. Hedge funds and other institutional investors own 67.60% of the company's stock.

Revolve Group Stock Down 8.0 %

NYSE:RVLV traded down $1.60 during trading hours on Friday, reaching $18.48. 388,200 shares of the company's stock were exchanged, compared to its average volume of 1,086,917. The company has a market capitalization of $1.32 billion, a P/E ratio of 32.99, 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. The business's 50-day simple moving average is $25.05 and its two-hundred day simple moving average is $28.80.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on RVLV shares. Barclays boosted 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. 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 research note on Wednesday, February 26th. Jefferies Financial Group upgraded Revolve Group from a "hold" rating to a "buy" rating and set a $30.00 price target on the stock in a research report on Friday, March 14th. KeyCorp upgraded Revolve Group from a "sector weight" rating to an "overweight" rating and set a $37.00 price objective for the company in a research note on Thursday, January 23rd. Finally, Roth Mkm reaffirmed a "buy" rating and issued a $36.00 target price (up from $35.00) on shares of Revolve Group in a research report on Wednesday, February 26th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Revolve Group currently has an average rating of "Moderate Buy" and a consensus target price of $28.87.

Insider Transactions at Revolve Group

In related news, CEO Michael Mente sold 67,118 shares of the stock in a transaction on 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 completion of the sale, the chief executive officer now directly owns 73,000 shares in the company, valued at approximately $2,256,430. This trade represents a 47.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael Karanikolas sold 12,566 shares of Revolve Group 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 sale, the chief executive officer now directly owns 123,000 shares of the company's stock, valued at approximately $3,190,620. The trade was a 9.27 % decrease in their position. 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 three months. 46.56% of the stock is currently owned by corporate insiders.

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.