Revolve Group, Inc. (NYSE:RVLV) Shares Bought by Navellier & Associates Inc.

Navellier & Associates Inc. raised its position in Revolve Group, Inc. (NYSE:RVLV) by 4.1% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 25,711 shares of the company’s stock after purchasing an additional 1,008 shares during the period. Navellier & Associates Inc.’s holdings in Revolve Group were worth $861,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. JPMorgan Chase & Co. boosted its stake in shares of Revolve Group by 83.4% during the third quarter. JPMorgan Chase & Co. now owns 349,670 shares of the company’s stock valued at $8,665,000 after acquiring an additional 158,960 shares during the last quarter. Harbor Capital Advisors Inc. boosted its stake in shares of Revolve Group by 46.1% during the third quarter. Harbor Capital Advisors Inc. now owns 107,148 shares of the company’s stock valued at $2,655,000 after acquiring an additional 33,812 shares during the last quarter. Lisanti Capital Growth LLC acquired a new stake in shares of Revolve Group during the third quarter valued at $2,276,000. Farther Finance Advisors LLC boosted its stake in shares of Revolve Group by 249.7% during the third quarter. Farther Finance Advisors LLC now owns 1,126 shares of the company’s stock valued at $28,000 after acquiring an additional 804 shares during the last quarter. Finally, Barclays PLC boosted its stake in shares of Revolve Group by 156.7% during the third quarter. Barclays PLC now owns 85,613 shares of the company’s stock valued at $2,122,000 after acquiring an additional 52,257 shares during the last quarter. Institutional investors and hedge funds own 67.60% of the company’s stock.

Insider Buying and Selling

In other Revolve Group news, CEO Michael Mente sold 67,118 shares of the company’s stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $30.91, for a total value of $2,074,617.38. Following the transaction, the chief executive officer now directly owns 73,000 shares of the company’s stock, valued at $2,256,430. This represents a 47.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In the last ninety days, insiders have sold 687,778 shares of company stock valued at $22,364,908. Corporate insiders own 46.56% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on the company. BTIG Research lifted their price target on Revolve Group from $30.00 to $35.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Stifel Nicolaus lifted their price target on Revolve Group from $35.00 to $41.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. KeyCorp upgraded Revolve Group from a “sector weight” rating to an “overweight” rating and set a $37.00 target price for the company in a report on Thursday, January 23rd. Robert W. Baird boosted their target price on Revolve Group from $24.00 to $33.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Finally, TD Cowen boosted their target price on Revolve Group from $28.00 to $34.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, Revolve Group has a consensus rating of “Moderate Buy” and a consensus price target of $29.60.

Revolve Group Stock Performance

Revolve Group stock opened at $28.60 on Friday. The stock’s 50 day moving average price is $31.60 and its 200 day moving average price is $28.95. The firm has a market capitalization of $2.02 billion, a PE ratio of 51.06, a price-to-earnings-growth ratio of 1.48 and a beta of 2.17. Revolve Group, Inc. has a one year low of $14.87 and a one year high of $39.58.

About Revolve Group

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.