Thrivent Financial for Lutherans Sells 13,349 Shares of Revolve Group, Inc. (NYSE:RVLV)

Thrivent Financial for Lutherans cut its holdings in Revolve Group, Inc. (NYSE:RVLV - Free Report) by 21.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,550 shares of the company's stock after selling 13,349 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.07% of Revolve Group worth $1,581,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the business. Polar Asset Management Partners Inc. bought a new position in Revolve Group in the 3rd quarter worth $3,982,000. JPMorgan Chase & Co. raised 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 worth $8,665,000 after buying an additional 158,960 shares in the last quarter. Madison Investment Advisors LLC bought a new position in Revolve Group in the fourth quarter worth about $3,606,000. Picton Mahoney Asset Management purchased a new stake in Revolve Group in the fourth quarter worth about $3,515,000. Finally, Principal Financial Group Inc. bought a new stake in Revolve Group during the 4th quarter valued at approximately $3,250,000. 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 45,987 shares of the company's stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $30.50, for a total transaction of $1,402,603.50. Following the completion of the sale, the chief executive officer now owns 73,000 shares of the company's stock, valued at $2,226,500. This represents a 38.65 % decrease in their position. The transaction was disclosed in a document filed 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 that occurred on Monday, March 3rd. The stock was sold at an average price of $25.94, for a total transaction of $325,962.04. Following the completion of the transaction, the chief executive officer now owns 123,000 shares in the company, valued at $3,190,620. This trade represents a 9.27 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 372,373 shares of company stock worth $11,268,499. Insiders own 46.56% of the company's stock.

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Wall Street Analysts Forecast Growth

RVLV has been the subject of a number of recent research reports. Jefferies Financial Group raised shares of Revolve Group from a "hold" rating to a "buy" rating and set a $30.00 price target for the company in a research report on Friday, March 14th. Stifel Nicolaus dropped 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. KeyCorp raised Revolve Group from a "sector weight" rating to an "overweight" rating and set a $37.00 price objective for the company in a research report on Thursday, January 23rd. BMO Capital Markets boosted their target price on Revolve Group from $15.00 to $19.00 and gave the stock a "market perform" rating in a report on Wednesday, February 26th. Finally, Roth Mkm restated a "buy" rating and set a $36.00 price target (up from $35.00) on shares of Revolve Group in a report on Wednesday, February 26th. Seven investment 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, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $30.53.

Revolve Group Price Performance

Revolve Group stock traded down $3.57 during midday trading on Thursday, reaching $18.87. 2,928,570 shares of the company traded hands, compared to its average volume of 1,056,930. Revolve Group, Inc. has a 12 month low of $14.87 and a 12 month high of $39.58. The business has a 50 day moving average of $26.60 and a two-hundred day moving average of $29.05. The firm has a market capitalization of $1.34 billion, a price-to-earnings ratio of 33.69, a price-to-earnings-growth ratio of 1.48 and a beta of 2.10.

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.