Versor Investments LP Invests $281,000 in Revolve Group, Inc. (NYSE:RVLV)

Versor Investments LP bought a new stake in Revolve Group, Inc. (NYSE:RVLV) in the fourth quarter, HoldingsChannel reports. The fund bought 8,400 shares of the company’s stock, valued at approximately $281,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its stake in shares of Revolve Group by 83.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 349,670 shares of the company’s stock worth $8,665,000 after buying an additional 158,960 shares during the last quarter. Harbor Capital Advisors Inc. raised its holdings in Revolve Group by 46.1% during the third quarter. Harbor Capital Advisors Inc. now owns 107,148 shares of the company’s stock worth $2,655,000 after acquiring an additional 33,812 shares in the last quarter. Lisanti Capital Growth LLC acquired a new position in Revolve Group during the third quarter valued at approximately $2,276,000. Farther Finance Advisors LLC grew its stake in Revolve Group by 249.7% in the third quarter. Farther Finance Advisors LLC now owns 1,126 shares of the company’s stock valued at $28,000 after purchasing an additional 804 shares in the last quarter. Finally, Barclays PLC increased its position in shares of Revolve Group by 156.7% during the 3rd quarter. Barclays PLC now owns 85,613 shares of the company’s stock worth $2,122,000 after purchasing an additional 52,257 shares during the last quarter. 67.60% of the stock is currently owned by institutional investors and hedge funds.

Revolve Group Trading Down 5.9 %

Shares of NYSE RVLV opened at $24.99 on Tuesday. The firm has a market cap of $1.77 billion, a P/E ratio of 44.63, a price-to-earnings-growth ratio of 1.48 and a beta of 2.17. The business’s 50 day moving average is $30.66 and its 200-day moving average is $29.18. Revolve Group, Inc. has a 1-year low of $14.87 and a 1-year high of $39.58.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Robert W. Baird increased their price objective on Revolve Group from $24.00 to $33.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. BMO Capital Markets increased their price target on shares of Revolve Group from $15.00 to $19.00 and gave the company a “market perform” rating in a research note on Wednesday, February 26th. Piper Sandler lifted their price objective on shares of Revolve Group from $30.00 to $35.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. Evercore ISI upped their target price on shares of Revolve Group from $21.00 to $33.00 and gave the company an “in-line” rating in a report on Wednesday, November 6th. Finally, BTIG Research lifted their price target on Revolve Group from $30.00 to $35.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Revolve Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $30.57.

Insider Buying and Selling at Revolve Group

In other Revolve Group news, CEO Michael Mente sold 76,835 shares of the business’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $34.14, for a total value of $2,623,146.90. Following the completion of the sale, the chief executive officer now owns 73,000 shares of the company’s stock, valued at $2,492,220. The trade was a 51.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have sold a total of 597,512 shares of company stock valued at $19,133,385 in the last ninety days. 46.56% of the stock is currently owned by corporate insiders.

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.