Los Angeles Capital Management LLC Trims Stock Position in Revolve Group, Inc. (NYSE:RVLV)

Los Angeles Capital Management LLC lowered its position in shares of Revolve Group, Inc. (NYSE:RVLV) by 3.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,401 shares of the company’s stock after selling 1,300 shares during the period. Los Angeles Capital Management LLC’s holdings in Revolve Group were worth $1,085,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Farther Finance Advisors LLC raised its holdings in shares of Revolve Group by 249.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,126 shares of the company’s stock valued at $28,000 after buying an additional 804 shares in the last quarter. Harbor Capital Advisors Inc. raised its holdings in shares of Revolve Group by 46.1% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 107,148 shares of the company’s stock valued at $2,655,000 after buying an additional 33,812 shares in the last quarter. BloombergSen Inc. raised its holdings in shares of Revolve Group by 39.1% during the 3rd quarter. BloombergSen Inc. now owns 35,239 shares of the company’s stock valued at $873,000 after buying an additional 9,904 shares in the last quarter. Lisanti Capital Growth LLC purchased a new position in shares of Revolve Group during the 3rd quarter valued at about $2,276,000. Finally, Thrivent Financial for Lutherans purchased a new position in shares of Revolve Group during the 3rd quarter valued at about $1,509,000. 67.60% of the stock is currently owned by institutional investors.

Revolve Group Stock Up 1.1 %

Shares of Revolve Group stock opened at $26.55 on Friday. The company’s 50 day moving average is $30.84 and its 200 day moving average is $29.12. The company has a market cap of $1.88 billion, a price-to-earnings ratio of 47.41, a price-to-earnings-growth ratio of 1.48 and a beta of 2.17. Revolve Group, Inc. has a twelve month low of $14.87 and a twelve month high of $39.58.

Insider Activity at Revolve Group

In related news, CEO Michael Mente sold 98,429 shares of the stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $34.87, for a total transaction of $3,432,219.23. Following the completion of the sale, the chief executive officer now owns 123,000 shares in the company, valued at approximately $4,289,010. This trade represents a 44.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders sold 687,778 shares of company stock worth $22,364,908. 46.56% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Evercore ISI boosted their target price on Revolve Group from $21.00 to $33.00 and gave the company an “in-line” rating in a research note on Wednesday, November 6th. Stifel Nicolaus dropped their target price on shares of Revolve Group from $41.00 to $40.00 and set a “buy” rating for the company in a report on Wednesday. BTIG Research increased their target price on shares of Revolve Group from $30.00 to $35.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Robert W. Baird increased their target price on shares of Revolve Group from $24.00 to $33.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Finally, KeyCorp upgraded shares of 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. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $30.57.

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.