Legato Capital Management LLC Sells 5,039 Shares of Revolve Group, Inc. (NYSE:RVLV)

Legato Capital Management LLC trimmed its stake in shares of Revolve Group, Inc. (NYSE:RVLV) by 10.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,186 shares of the company’s stock after selling 5,039 shares during the quarter. Legato Capital Management LLC owned approximately 0.06% of Revolve Group worth $1,513,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in RVLV. Creative Planning boosted its position in Revolve Group by 4.6% during the third quarter. Creative Planning now owns 136,225 shares of the company’s stock valued at $3,376,000 after acquiring an additional 6,018 shares during the last quarter. nVerses Capital LLC acquired a new position in Revolve Group in the third quarter valued at approximately $171,000. Precision Wealth Strategies LLC lifted its stake in Revolve Group by 3.3% in the third quarter. Precision Wealth Strategies LLC now owns 12,741 shares of the company’s stock valued at $316,000 after buying an additional 407 shares during the period. Farther Finance Advisors LLC boosted 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 worth $28,000 after buying an additional 804 shares in the last quarter. Finally, Harbor Capital Advisors Inc. grew its position 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 worth $2,655,000 after buying an additional 33,812 shares during the period. 67.60% of the stock is owned by institutional investors and hedge funds.

Revolve Group Price Performance

RVLV opened at $30.83 on Thursday. Revolve Group, Inc. has a 1 year low of $14.87 and a 1 year high of $39.58. The company has a market capitalization of $2.18 billion, a price-to-earnings ratio of 55.05, a P/E/G ratio of 1.57 and a beta of 2.17. The firm’s fifty day moving average price is $32.51 and its two-hundred day moving average price is $28.37.

Insider Activity at Revolve Group

In related news, CEO Michael Mente sold 66,413 shares of the stock in a transaction that occurred on Wednesday, January 29th. The stock was sold at an average price of $30.48, for a total transaction of $2,024,268.24. Following the completion of the sale, the chief executive officer now directly owns 73,000 shares of the company’s stock, valued at approximately $2,225,040. This trade represents a 47.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have sold 700,184 shares of company stock valued at $23,292,646 over the last ninety days. Corporate insiders own 46.56% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Roth Mkm reiterated a “buy” rating and set a $35.00 target price (up previously from $29.00) on shares of Revolve Group in a research report on Wednesday, November 6th. Barclays upgraded shares of Revolve Group from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $17.00 to $25.00 in a report on Wednesday, November 6th. Stifel Nicolaus increased their price objective on shares of Revolve Group from $35.00 to $41.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. TD Cowen upped their price target on Revolve Group from $28.00 to $34.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Finally, UBS Group raised their price objective on Revolve Group from $25.00 to $30.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $29.60.

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.