Polen Capital Management LLC Has $10.20 Million Position in Revolve Group, Inc. (NYSE:RVLV)

Polen Capital Management LLC lessened its holdings in shares of Revolve Group, Inc. (NYSE:RVLV - Free Report) by 24.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 304,529 shares of the company's stock after selling 98,291 shares during the quarter. Polen Capital Management LLC owned about 0.43% of Revolve Group worth $10,199,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in RVLV. Venturi Wealth Management LLC raised its position in shares of Revolve Group by 1,302.1% during the fourth quarter. Venturi Wealth Management LLC now owns 1,346 shares of the company's stock worth $45,000 after purchasing an additional 1,250 shares during the period. Sugar Maple Asset Management LLC acquired a new position in Revolve Group during the fourth quarter valued at $50,000. AlphaQuest LLC raised its position in Revolve Group by 7.7% during the fourth quarter. AlphaQuest LLC now owns 5,535 shares of the company's stock valued at $185,000 after buying an additional 396 shares during the period. Dakota Wealth Management acquired a new position in Revolve Group during the fourth quarter valued at $211,000. Finally, Cornerstone Investment Partners LLC acquired a new position in Revolve Group during the fourth quarter valued at $218,000. Institutional investors and hedge funds own 67.60% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on RVLV. BMO Capital Markets upped their price target 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. KeyCorp upgraded Revolve Group from a "sector weight" rating to an "overweight" rating and set a $37.00 target price on the stock in a research note on Thursday, January 23rd. Stifel Nicolaus lowered their target price on Revolve Group from $41.00 to $40.00 and set a "buy" rating on the stock 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 target price on the stock in a research note on Friday, March 14th. Finally, Barclays boosted their target price on Revolve Group from $25.00 to $26.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 26th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Revolve Group has an average rating of "Moderate Buy" and an average price target of $30.53.

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Revolve Group Price Performance

Shares of NYSE RVLV traded down $0.27 during mid-day trading on Thursday, hitting $21.90. The company had a trading volume of 990,896 shares, compared to its average volume of 1,016,812. The business's 50-day simple moving average is $28.33 and its 200-day simple moving average is $29.11. Revolve Group, Inc. has a 12 month low of $14.87 and a 12 month high of $39.58. The firm has a market cap of $1.56 billion, a P/E ratio of 39.11, a PEG ratio of 1.48 and a beta of 2.25.

Insider Activity at Revolve Group

In other news, CEO Michael Mente sold 44,962 shares of the firm's stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $30.93, for a total transaction of $1,390,674.66. Following the completion of the sale, the chief executive officer now owns 73,000 shares of the company's stock, valued at approximately $2,257,890. This trade represents a 38.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Michael Karanikolas sold 12,566 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The stock was 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 approximately $3,190,620. The trade was a 9.27 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 434,814 shares of company stock worth $13,403,981. Company 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.