Kayne Anderson Rudnick Investment Management LLC Decreases Stake in Revolve Group, Inc. (NYSE:RVLV)

Kayne Anderson Rudnick Investment Management LLC trimmed its holdings in shares of Revolve Group, Inc. (NYSE:RVLV - Free Report) by 8.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,949,961 shares of the company's stock after selling 455,742 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC owned approximately 7.00% of Revolve Group worth $165,774,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of RVLV. Federated Hermes Inc. raised its position in shares of Revolve Group by 205.6% in the 4th quarter. Federated Hermes Inc. now owns 237,314 shares of the company's stock worth $7,948,000 after acquiring an additional 159,655 shares in the last quarter. JPMorgan Chase & Co. grew its stake in 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 last quarter. EAM Global Investors LLC bought a new position in Revolve Group in the fourth quarter worth about $4,440,000. Teacher Retirement System of Texas purchased a new stake in shares of Revolve Group during the fourth quarter valued at about $4,185,000. Finally, EAM Investors LLC purchased a new position in Revolve Group in the fourth quarter worth $3,969,000. Hedge funds and other institutional investors own 67.60% of the company's stock.

Insider Buying and Selling at Revolve Group

In other news, CEO Michael Mente sold 66,413 shares of the business'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 sale, the chief executive officer now directly owns 73,000 shares in the company, valued at $2,225,040. The trade was a 47.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Michael Karanikolas sold 12,566 shares of the stock in a transaction 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 in the company, valued at approximately $3,190,620. The trade was a 9.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 256,781 shares of company stock valued at $7,793,755. Corporate insiders own 46.56% of the company's stock.

Analyst Upgrades and Downgrades

RVLV has been the subject of a number of research analyst reports. KeyCorp upgraded Revolve Group from a "sector weight" rating to an "overweight" rating and set a $37.00 price target for the company in a research note on Thursday, January 23rd. Jefferies Financial Group upgraded shares of Revolve Group from a "hold" rating to a "buy" rating and set a $30.00 target price for the company in a research note on Friday, March 14th. Roth Mkm restated a "buy" rating and set a $36.00 price target (up previously from $35.00) on shares of Revolve Group in a research note on Wednesday, February 26th. Morgan Stanley lowered their price objective on shares of Revolve Group from $29.00 to $21.00 and set an "equal weight" rating for the company in a research note on Thursday, April 17th. Finally, BMO Capital Markets upped their target price 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. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Revolve Group currently has an average rating of "Moderate Buy" and a consensus price target of $28.53.

Revolve Group Stock Down 1.5 %

Shares of NYSE:RVLV traded down $0.31 during trading on Friday, hitting $20.50. 214,834 shares of the stock traded hands, compared to its average volume of 1,100,712. The company has a fifty day moving average price of $22.87 and a two-hundred day moving average price of $28.45. Revolve Group, Inc. has a 52-week low of $14.87 and a 52-week high of $39.58. The company has a market cap of $1.46 billion, a price-to-earnings ratio of 36.60, a P/E/G ratio of 1.48 and a beta of 2.10.

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.