William Blair Investment Management LLC lowered its position in Revolve Group, Inc. (NYSE:RVLV - Free Report) by 32.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,482,852 shares of the company's stock after selling 1,637,349 shares during the period. William Blair Investment Management LLC owned about 4.92% of Revolve Group worth $116,641,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. raised its holdings in Revolve Group by 83.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 349,670 shares of the company's stock worth $8,665,000 after purchasing an additional 158,960 shares during the period. Barclays PLC increased its position in shares of Revolve Group by 156.7% in the third quarter. Barclays PLC now owns 85,613 shares of the company's stock valued at $2,122,000 after buying an additional 52,257 shares in the last quarter. Thrivent Financial for Lutherans purchased a new position in shares of Revolve Group during the 3rd quarter valued at approximately $1,509,000. Franklin Resources Inc. lifted its position in shares of Revolve Group by 6.9% during the 3rd quarter. Franklin Resources Inc. now owns 27,195 shares of the company's stock valued at $699,000 after buying an additional 1,753 shares in the last quarter. Finally, Navellier & Associates Inc. acquired a new stake in Revolve Group in the 3rd quarter valued at $612,000. 67.60% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several research firms have issued reports on RVLV. Roth Mkm reaffirmed a "buy" rating and set a $36.00 price objective (up from $35.00) on shares of Revolve Group in a report on Wednesday, February 26th. Stifel Nicolaus decreased their price target on shares of Revolve Group from $41.00 to $40.00 and set a "buy" rating on the stock in a research note on Wednesday, February 26th. KeyCorp upgraded Revolve Group from a "sector weight" rating to an "overweight" rating and set a $37.00 price objective for the company in a research note on Thursday, January 23rd. Jefferies Financial Group upgraded 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. Finally, Barclays lifted their price target on Revolve Group from $25.00 to $26.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 26th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $30.53.
Get Our Latest Report on RVLV
Insiders Place Their Bets
In related news, CEO Michael Mente sold 44,962 shares of the firm's stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $30.93, for a total transaction of $1,390,674.66. Following the completion of the sale, the chief executive officer now directly owns 73,000 shares of the company's stock, valued at approximately $2,257,890. This trade represents a 38.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Michael Karanikolas sold 12,566 shares of the company's stock in a transaction dated Monday, March 3rd. The shares were 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 directly owns 123,000 shares in the company, valued at $3,190,620. The trade was a 9.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 372,373 shares of company stock valued at $11,268,499 over the last ninety days. Company insiders own 46.56% of the company's stock.
Revolve Group Stock Performance
Shares of RVLV stock traded up $0.20 on Friday, hitting $22.14. 1,435,608 shares of the stock traded hands, compared to its average volume of 1,020,128. Revolve Group, Inc. has a twelve month low of $14.87 and a twelve month high of $39.58. The stock has a market capitalization of $1.58 billion, a PE ratio of 39.53, a PEG ratio of 1.48 and a beta of 2.25. The firm's 50-day moving average price is $28.16 and its two-hundred day moving average price is $29.06.
About Revolve Group
(
Free Report)
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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