Madison Investment Advisors LLC Takes $3.61 Million Position in Revolve Group, Inc. (NYSE:RVLV)

Madison Investment Advisors LLC bought a new stake in Revolve Group, Inc. (NYSE:RVLV - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 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 quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RVLV. Thrivent Financial for Lutherans acquired a new stake in Revolve Group in the 3rd quarter worth about $1,509,000. Intech Investment Management LLC acquired a new stake in shares of Revolve Group in the third quarter valued at about $241,000. Navellier & Associates Inc. acquired a new stake in Revolve Group in the third quarter valued at approximately $612,000. Charles Schwab Investment Management Inc. lifted its holdings in Revolve Group by 0.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 315,213 shares of the company's stock worth $7,811,000 after buying an additional 2,963 shares in the last quarter. Finally, Maverick Capital Ltd. purchased a new stake in shares of Revolve Group during the third quarter worth about $2,165,000. 67.60% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Michael Mente sold 67,118 shares of Revolve Group stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $30.91, for a total value of $2,074,617.38. Following the transaction, the chief executive officer now owns 73,000 shares of the company's stock, valued at approximately $2,256,430. This trade represents a 47.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 transaction 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 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 ninety days. 46.56% of the stock is currently owned by corporate insiders.

Revolve Group Price Performance

Shares of RVLV traded down $0.49 during midday trading on Wednesday, reaching $22.83. The stock had a trading volume of 823,516 shares, compared to its average volume of 1,020,180. The firm's 50 day moving average price is $27.79 and its 200-day moving average price is $29.19. Revolve Group, Inc. has a 52 week low of $14.87 and a 52 week high of $39.58. The company has a market capitalization of $1.63 billion, a P/E ratio of 40.76, a P/E/G ratio of 1.48 and a beta of 2.25.

Analyst Ratings Changes

A number of brokerages have issued reports on RVLV. BMO Capital Markets upped their target price on Revolve Group from $15.00 to $19.00 and gave the company a "market perform" rating in a research report on Wednesday, February 26th. Roth Mkm reaffirmed a "buy" rating and issued a $36.00 price target (up from $35.00) on shares of Revolve Group in a report on Wednesday, February 26th. 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. Stifel Nicolaus reduced 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. Finally, Barclays upped their price objective on Revolve Group from $25.00 to $26.00 and gave the stock 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 given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $30.53.

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.