Koss Olinger Consulting LLC Lowers Position in Revolve Group, Inc. (NYSE:RVLV)

Koss Olinger Consulting LLC decreased its position in Revolve Group, Inc. (NYSE:RVLV) by 18.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 49,818 shares of the company’s stock after selling 11,507 shares during the period. Koss Olinger Consulting LLC owned about 0.07% of Revolve Group worth $1,668,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in RVLV. JPMorgan Chase & Co. lifted its stake in shares of 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 period. Charles Schwab Investment Management Inc. lifted its stake in shares of Revolve Group by 1.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 318,683 shares of the company’s stock valued at $10,673,000 after purchasing an additional 3,470 shares during the period. New York State Common Retirement Fund lifted its stake in shares of Revolve Group by 3.0% in the fourth quarter. New York State Common Retirement Fund now owns 164,924 shares of the company’s stock valued at $5,523,000 after purchasing an additional 4,844 shares during the period. Polar Asset Management Partners Inc. acquired a new stake in shares of Revolve Group in the third quarter valued at about $3,982,000. Finally, Madison Investment Advisors LLC acquired a new stake in shares of Revolve Group in the fourth quarter valued at about $3,606,000. Hedge funds and other institutional investors own 67.60% of the company’s stock.

Revolve Group Price Performance

NYSE:RVLV opened at $21.72 on Wednesday. The firm has a 50 day simple moving average of $28.50 and a 200-day simple moving average of $29.16. The firm has a market cap of $1.55 billion, a PE ratio of 38.79, a P/E/G ratio of 1.48 and a beta of 2.25. Revolve Group, Inc. has a 1-year low of $14.87 and a 1-year high of $39.58.

Insider Activity at Revolve Group

In related news, CEO Michael Mente sold 67,118 shares of the business’s stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $30.91, for a total value of $2,074,617.38. Following the completion of the sale, the chief executive officer now directly owns 73,000 shares in the company, valued at approximately $2,256,430. The trade was a 47.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael Karanikolas sold 12,566 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 123,000 shares of the company’s stock, 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 three months, insiders sold 434,814 shares of company stock worth $13,403,981. 46.56% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages recently commented on RVLV. Stifel Nicolaus reduced their price objective on shares of Revolve Group from $41.00 to $40.00 and set a “buy” rating for the company in a research note on Wednesday, February 26th. Barclays lifted their target price on shares of 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 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 report on Friday, March 14th. BMO Capital Markets lifted their target price on shares of Revolve Group from $15.00 to $19.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 26th. Finally, Roth Mkm restated a “buy” rating and set a $36.00 target price (up previously from $35.00) on shares of Revolve Group 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 company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $30.53.

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.