Barclays PLC Acquires 113,092 Shares of Revolve Group, Inc. (NYSE:RVLV)

Barclays PLC grew its holdings in shares of Revolve Group, Inc. (NYSE:RVLV - Free Report) by 132.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 198,705 shares of the company's stock after buying an additional 113,092 shares during the quarter. Barclays PLC owned 0.28% of Revolve Group worth $6,656,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in RVLV. Raymond James Financial Inc. acquired a new position in Revolve Group during the 4th quarter worth $333,000. Invesco Ltd. lifted its position in shares of Revolve Group by 57.4% during the fourth quarter. Invesco Ltd. now owns 100,494 shares of the company's stock worth $3,366,000 after purchasing an additional 36,630 shares during the last quarter. FMR LLC grew its stake in Revolve Group by 0.7% in the fourth quarter. FMR LLC now owns 5,743,151 shares of the company's stock worth $192,338,000 after purchasing an additional 38,694 shares in the last quarter. Federated Hermes Inc. increased its holdings in Revolve Group by 205.6% in the fourth quarter. Federated Hermes Inc. now owns 237,314 shares of the company's stock valued at $7,948,000 after buying an additional 159,655 shares during the last quarter. Finally, Wells Fargo & Company MN raised its stake in Revolve Group by 1.2% during the fourth quarter. Wells Fargo & Company MN now owns 411,738 shares of the company's stock valued at $13,789,000 after buying an additional 4,946 shares in the last quarter. Institutional investors and hedge funds own 67.60% of the company's stock.

Revolve Group Stock Performance

NYSE RVLV traded up $0.42 on Tuesday, reaching $20.89. The company's stock had a trading volume of 421,413 shares, compared to its average volume of 1,101,444. The firm's 50 day moving average is $22.46 and its two-hundred day moving average is $28.44. The stock has a market cap of $1.49 billion, a PE ratio of 37.27, a PEG ratio of 1.48 and a beta of 2.10. Revolve Group, Inc. has a twelve month low of $14.87 and a twelve month high of $39.58.

Insider Activity at Revolve Group

In other Revolve Group news, CEO Michael Karanikolas sold 12,566 shares of the firm's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $25.94, for a total value of $325,962.04. Following the completion of the transaction, the chief executive officer now directly owns 123,000 shares in the company, valued at $3,190,620. This trade represents a 9.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Michael Mente sold 65,722 shares of the business's stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $30.10, for a total transaction of $1,978,232.20. Following the sale, the chief executive officer now directly owns 73,000 shares in the company, valued at approximately $2,197,300. This trade represents a 47.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 211,819 shares of company stock valued at $6,403,080 over the last ninety days. Insiders own 46.56% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Roth Mkm reiterated 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. KeyCorp raised shares of Revolve Group from a "sector weight" rating to an "overweight" rating and set a $37.00 target price on the stock in a report on Thursday, January 23rd. BMO Capital Markets lifted their price target on shares of Revolve Group from $15.00 to $19.00 and gave the company a "market perform" rating in a report on Wednesday, February 26th. Morgan Stanley cut their target price on shares of Revolve Group from $29.00 to $21.00 and set an "equal weight" rating on the stock in a report on Thursday, April 17th. Finally, Barclays increased their price target on Revolve Group from $25.00 to $26.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 26th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $28.53.

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.