Norden Group LLC Has $840,000 Position in Revolve Group, Inc. (NYSE:RVLV)

Norden Group LLC cut its position in shares of Revolve Group, Inc. (NYSE:RVLV) by 5.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,085 shares of the company’s stock after selling 1,408 shares during the period. Norden Group LLC’s holdings in Revolve Group were worth $840,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of RVLV. Farther Finance Advisors LLC grew its holdings in Revolve Group by 249.7% during the third quarter. Farther Finance Advisors LLC now owns 1,126 shares of the company’s stock worth $28,000 after purchasing an additional 804 shares during the period. Venturi Wealth Management LLC lifted its position in shares of Revolve Group by 1,302.1% in the fourth quarter. Venturi Wealth Management LLC now owns 1,346 shares of the company’s stock valued at $45,000 after buying an additional 1,250 shares during the last quarter. Sugar Maple Asset Management LLC bought a new position in shares of Revolve Group during the 4th quarter worth approximately $50,000. Dakota Wealth Management acquired a new position in shares of Revolve Group during the 4th quarter worth approximately $211,000. Finally, LMR Partners LLP bought a new stake in Revolve Group in the 3rd quarter valued at $228,000. 67.60% of the stock is owned by institutional investors.

Insider Activity at Revolve Group

In related news, CEO Michael Mente sold 67,118 shares of Revolve Group 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 transaction, the chief executive officer now directly owns 73,000 shares of the company’s stock, valued at $2,256,430. This trade represents a 47.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders sold a total of 597,512 shares of company stock valued at $19,133,385 over the last quarter. 46.56% of the stock is owned by corporate insiders.

Revolve Group Stock Performance

NYSE:RVLV opened at $26.55 on Monday. The company has a market cap of $1.88 billion, a price-to-earnings ratio of 47.41, a PEG ratio of 1.48 and a beta of 2.17. Revolve Group, Inc. has a fifty-two week low of $14.87 and a fifty-two week high of $39.58. The stock has a fifty day moving average price of $30.84 and a 200-day moving average price of $29.17.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on RVLV shares. 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 report on Wednesday, February 26th. Roth Mkm reaffirmed a “buy” rating and set a $36.00 target price (up previously from $35.00) on shares of Revolve Group in a report on Wednesday, February 26th. KeyCorp raised shares of Revolve Group from a “sector weight” rating to an “overweight” rating and set a $37.00 price target on the stock in a report on Thursday, January 23rd. Barclays boosted their price objective on Revolve Group from $25.00 to $26.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 26th. Finally, Evercore ISI increased their target price on Revolve Group from $21.00 to $33.00 and gave the stock an “in-line” rating in a research note on Wednesday, November 6th. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Revolve Group presently has an average rating of “Moderate Buy” and an average target price of $30.57.

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.