Quantbot Technologies LP Acquires New Position in Revolve Group, Inc. (NYSE:RVLV)

Quantbot Technologies LP purchased a new position in shares of Revolve Group, Inc. (NYSE:RVLV - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 14,762 shares of the company's stock, valued at approximately $494,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its position in shares of Revolve Group by 83.4% in the third quarter. JPMorgan Chase & Co. now owns 349,670 shares of the company's stock valued at $8,665,000 after purchasing an additional 158,960 shares during the period. Barclays PLC raised its position in Revolve Group by 156.7% in the third quarter. Barclays PLC now owns 85,613 shares of the company's stock valued at $2,122,000 after purchasing an additional 52,257 shares during the last quarter. Thrivent Financial for Lutherans acquired a new position in Revolve Group in the 3rd quarter valued at approximately $1,509,000. Charles Schwab Investment Management Inc. increased its stake in shares of Revolve Group by 1.1% in 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 during the period. Finally, Franklin Resources Inc. lifted its position in shares of Revolve Group by 6.9% in the 3rd quarter. Franklin Resources Inc. now owns 27,195 shares of the company's stock worth $699,000 after purchasing an additional 1,753 shares during the period. 67.60% of the stock is currently owned by institutional investors.

Revolve Group Price Performance

Shares of Revolve Group stock traded up $0.52 on Tuesday, reaching $22.01. 743,405 shares of the company traded hands, compared to its average volume of 1,046,048. The company has a 50 day moving average of $27.03 and a 200 day moving average of $29.17. Revolve Group, Inc. has a 52 week low of $14.87 and a 52 week high of $39.58. The firm has a market capitalization of $1.57 billion, a PE ratio of 39.30, a PEG ratio of 1.48 and a beta of 2.25.

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Insiders Place Their Bets

In other news, CEO Michael Mente sold 67,118 shares of the company's stock in a transaction dated 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 sale, the chief executive officer now directly owns 73,000 shares in the company, valued at $2,256,430. This represents a 47.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Michael Karanikolas sold 12,566 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $25.94, for a total transaction of $325,962.04. Following the transaction, the chief executive officer now directly owns 123,000 shares of the company's stock, valued at approximately $3,190,620. This represents a 9.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 372,373 shares of company stock valued at $11,268,499 over the last ninety days. 46.56% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Barclays raised their target price 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. Jefferies Financial Group raised shares of 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. KeyCorp raised shares of Revolve Group from a "sector weight" rating to an "overweight" rating and set a $37.00 price objective on the stock in a research report on Thursday, January 23rd. Stifel Nicolaus decreased their target price on Revolve Group from $41.00 to $40.00 and set a "buy" rating for the company in a research report on Wednesday, February 26th. Finally, Roth Mkm reiterated a "buy" rating and issued a $36.00 price target (up previously from $35.00) on shares of Revolve Group in a report on Wednesday, February 26th. Seven 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, the stock presently has a consensus rating of "Moderate Buy" and an average target price 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.