104,925 Shares in Revolve Group, Inc. (NYSE:RVLV) Bought by Picton Mahoney Asset Management

Picton Mahoney Asset Management bought a new stake in Revolve Group, Inc. (NYSE:RVLV - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 104,925 shares of the company's stock, valued at approximately $3,515,000. Picton Mahoney Asset Management owned approximately 0.15% of Revolve Group at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC grew its stake in shares of Revolve Group by 249.7% in the third quarter. Farther Finance Advisors LLC now owns 1,126 shares of the company's stock worth $28,000 after purchasing an additional 804 shares during the last quarter. Los Angeles Capital Management LLC raised its position in shares of Revolve Group by 17.5% during the third quarter. Los Angeles Capital Management LLC now owns 33,701 shares of the company's stock worth $835,000 after acquiring an additional 5,011 shares during the last quarter. Thrivent Financial for Lutherans acquired a new position in shares of Revolve Group in the third quarter worth approximately $1,509,000. LMR Partners LLP acquired a new position in shares of Revolve Group in the third quarter worth approximately $228,000. Finally, Intech Investment Management LLC acquired a new position in shares of Revolve Group in the third quarter worth approximately $241,000. Institutional investors and hedge funds own 67.60% of the company's stock.

Insider Transactions at Revolve Group

In related 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 owns 73,000 shares in the company, valued at approximately $2,173,210. This represents a 48.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Michael Karanikolas sold 12,566 shares of the company'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 sale, 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 position. The disclosure for this sale can be found here. Insiders have sold 434,814 shares of company stock valued at $13,403,981 over the last ninety days. 46.56% of the stock is owned by company insiders.

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Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. KeyCorp raised Revolve Group from a "sector weight" rating to an "overweight" rating and set a $37.00 price objective on the stock in a research note on Thursday, January 23rd. Jefferies Financial Group raised 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. Barclays lifted 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. BMO Capital Markets lifted their price objective on Revolve Group from $15.00 to $19.00 and gave the stock a "market perform" rating in a research note on Wednesday, February 26th. Finally, Roth Mkm reaffirmed a "buy" rating and issued a $36.00 price objective (up from $35.00) on shares of Revolve Group in a research note on Wednesday, February 26th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $30.53.

Revolve Group Price Performance

Shares of NYSE:RVLV traded down $0.27 during trading on Thursday, reaching $21.90. 990,896 shares of the stock were exchanged, compared to its average volume of 1,016,812. Revolve Group, Inc. has a 1-year low of $14.87 and a 1-year high of $39.58. The stock has a fifty day moving average of $28.33 and a two-hundred day moving average of $29.11. The firm has a market cap of $1.56 billion, a price-to-earnings ratio of 39.11, a price-to-earnings-growth ratio of 1.48 and a beta of 2.25.

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.