Revolve Group, Inc. (NYSE:RVLV - Get Free Report) 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 sale, the chief executive officer now directly owns 123,000 shares in the company, valued at approximately $3,190,620. This trade represents a 9.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Revolve Group Stock Up 4.5 %
Shares of NYSE RVLV traded up $1.04 during midday trading on Friday, hitting $24.05. The stock had a trading volume of 1,239,784 shares, compared to its average volume of 994,215. The company has a market capitalization of $1.70 billion, a PE ratio of 42.94, a P/E/G ratio of 1.48 and a beta of 2.25. The stock has a 50 day simple moving average of $29.89 and a 200-day simple moving average of $29.14. Revolve Group, Inc. has a 1 year low of $14.87 and a 1 year high of $39.58.
Hedge Funds Weigh In On Revolve Group
A number of institutional investors have recently added to or reduced their stakes in the stock. AlphaQuest LLC lifted its position in Revolve Group by 7.7% during the fourth quarter. AlphaQuest LLC now owns 5,535 shares of the company's stock worth $185,000 after buying an additional 396 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Revolve Group by 3.2% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,809 shares of the company's stock worth $730,000 after buying an additional 668 shares in the last quarter. Farther Finance Advisors LLC lifted its position in Revolve Group by 249.7% during the third quarter. Farther Finance Advisors LLC now owns 1,126 shares of the company's stock worth $28,000 after buying an additional 804 shares in the last quarter. Navellier & Associates Inc. lifted its position in Revolve Group by 4.1% during the fourth quarter. Navellier & Associates Inc. now owns 25,711 shares of the company's stock worth $861,000 after buying an additional 1,008 shares in the last quarter. Finally, Venturi Wealth Management LLC lifted its position in 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 buying an additional 1,250 shares in the last quarter. Hedge funds and other institutional investors own 67.60% of the company's stock.
Wall Street Analyst Weigh In
RVLV has been the topic of several analyst reports. Barclays raised their target price on Revolve Group from $25.00 to $26.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 26th. Roth Mkm reiterated a "buy" rating and set a $36.00 price target (up previously from $35.00) on shares of Revolve Group in a research report on Wednesday, February 26th. BMO Capital Markets increased their price target on Revolve Group from $15.00 to $19.00 and gave the stock 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 price target on the stock in a research report on Thursday, January 23rd. Finally, Stifel Nicolaus lowered their price target on Revolve Group from $41.00 to $40.00 and set a "buy" rating on the stock in a research report on Wednesday, February 26th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Revolve Group currently has an average rating of "Moderate Buy" and an average price target of $30.57.
Check Out Our Latest Research Report on RVLV
About Revolve Group
(
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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.
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