Revolve Group, Inc. (NYSE:RVLV) Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. increased its stake in Revolve Group, Inc. (NYSE:RVLV - Free Report) by 1.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,832,207 shares of the company's stock after acquiring an additional 65,602 shares during the period. Vanguard Group Inc. owned approximately 5.42% of Revolve Group worth $128,341,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of RVLV. Venturi Wealth Management LLC increased its position in shares of Revolve Group by 1,302.1% in the 4th quarter. Venturi Wealth Management LLC now owns 1,346 shares of the company's stock valued at $45,000 after purchasing an additional 1,250 shares during the last quarter. Sugar Maple Asset Management LLC purchased a new position in Revolve Group in the fourth quarter valued at $50,000. Northwest & Ethical Investments L.P. acquired a new stake in Revolve Group in the fourth quarter valued at $87,000. Harvest Fund Management Co. Ltd purchased a new stake in Revolve Group during the 4th quarter worth about $117,000. Finally, AlphaQuest LLC boosted its position in shares of Revolve Group by 7.7% during the 4th quarter. AlphaQuest LLC now owns 5,535 shares of the company's stock worth $185,000 after acquiring an additional 396 shares in the last quarter. 67.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in 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 report 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 report on Friday, March 14th. Roth Mkm reissued a "buy" rating and issued a $36.00 price target (up from $35.00) on shares of Revolve Group in a research report on Wednesday, February 26th. Stifel Nicolaus dropped their price objective on Revolve Group from $40.00 to $28.00 and set a "buy" rating on the stock in a report on Thursday. Finally, Piper Sandler reduced their target price on Revolve Group from $35.00 to $22.00 and set an "overweight" rating for the company in a report on Friday. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $28.87.

Revolve Group Stock Down 0.8 %

NYSE RVLV traded down $0.17 during trading hours on Friday, hitting $19.91. 2,080,714 shares of the stock were exchanged, compared to its average volume of 1,094,305. The company has a market cap of $1.42 billion, a price-to-earnings ratio of 35.56, a price-to-earnings-growth ratio of 1.48 and a beta of 2.10. Revolve Group, Inc. has a 12-month low of $14.87 and a 12-month high of $39.58. The stock has a 50-day moving average of $24.81 and a 200 day moving average of $28.79.

Insider Transactions at Revolve Group

In related news, CEO Michael Mente sold 66,413 shares of the firm's stock in a transaction that occurred on Wednesday, January 29th. The stock was sold at an average price of $30.48, for a total value of $2,024,268.24. Following the completion of the transaction, the chief executive officer now directly owns 73,000 shares of the company's stock, valued at $2,225,040. This trade represents a 47.64 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Michael Karanikolas sold 12,566 shares of Revolve Group 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 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 ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 256,781 shares of company stock valued at $7,793,755. Corporate insiders own 46.56% of the company's stock.

Revolve Group 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.