Madison Investment Advisors LLC Takes Position in Revolve Group, Inc. (NYSE:RVLV)

Madison Investment Advisors LLC purchased a new stake in Revolve Group, Inc. (NYSE:RVLV - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 107,686 shares of the company's stock, valued at approximately $3,606,000. Madison Investment Advisors LLC owned about 0.15% of Revolve Group at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. grew its holdings in 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 purchasing an additional 158,960 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Revolve Group by 1.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 318,683 shares of the company's stock worth $10,673,000 after acquiring an additional 3,470 shares during the period. New York State Common Retirement Fund grew its position in shares of Revolve Group by 3.0% in the fourth quarter. New York State Common Retirement Fund now owns 164,924 shares of the company's stock valued at $5,523,000 after purchasing an additional 4,844 shares during the last quarter. Polar Asset Management Partners Inc. bought a new position in shares of Revolve Group during the third quarter worth approximately $3,982,000. Finally, Lisanti Capital Growth LLC increased its stake in shares of Revolve Group by 9.8% during the fourth quarter. Lisanti Capital Growth LLC now owns 100,875 shares of the company's stock worth $3,378,000 after purchasing an additional 9,030 shares during the period. 67.60% of the stock is currently owned by institutional investors and hedge funds.

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Insider Buying and Selling

In related news, CEO Michael Mente sold 69,605 shares of the stock in a transaction on Friday, January 10th. The stock was sold at an average price of $29.77, for a total value 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 $2,173,210. This represents a 48.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Michael Karanikolas sold 12,566 shares of the firm's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $25.94, for a total value of $325,962.04. Following the transaction, the chief executive officer now owns 123,000 shares of the company's stock, valued at $3,190,620. This trade represents a 9.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 372,373 shares of company stock worth $11,268,499 in the last 90 days. Insiders own 46.56% of the company's stock.

Revolve Group Stock Down 0.7 %

Shares of NYSE RVLV traded down $0.17 during midday trading on Tuesday, reaching $23.34. 1,146,051 shares of the company were exchanged, compared to its average volume of 1,020,705. The stock's 50-day moving average price is $27.79 and its 200-day moving average price is $29.19. The stock has a market cap of $1.66 billion, a P/E ratio of 41.68, a PEG ratio of 1.48 and a beta of 2.25. Revolve Group, Inc. has a one year low of $14.87 and a one year high of $39.58.

Wall Street Analysts Forecast Growth

RVLV has been the topic of a number of research reports. Barclays upped their price objective on Revolve Group from $25.00 to $26.00 and gave the company an "equal weight" rating in a report on Wednesday, February 26th. Stifel Nicolaus lowered their price target on shares of Revolve Group from $41.00 to $40.00 and set a "buy" rating on the stock in a research report on Wednesday, February 26th. BMO Capital Markets boosted their price objective on shares of Revolve Group from $15.00 to $19.00 and gave the company a "market perform" rating in a 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. Finally, Jefferies Financial Group upgraded 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. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $30.53.

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.