Revolve Group, Inc. (NYSE:RVLV) CEO Sells $325,962.04 in Stock

Revolve Group, Inc. (NYSE:RVLV) CEO Michael Karanikolas sold 12,566 shares of Revolve Group stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $25.94, for a total value of $325,962.04. Following the completion of the transaction, the chief executive officer now owns 123,000 shares in the company, valued at $3,190,620. The trade was a 9.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Revolve Group Trading Up 4.5 %

NYSE RVLV opened at $24.05 on Friday. The company has a market capitalization of $1.70 billion, a price-to-earnings ratio of 42.94, a PEG 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. The stock’s 50 day moving average is $30.08 and its two-hundred day moving average is $29.10.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. BMO Capital Markets boosted their price target on Revolve Group from $15.00 to $19.00 and gave the company a “market perform” rating in a research note on Wednesday, February 26th. Barclays boosted their price target on Revolve Group from $25.00 to $26.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 26th. KeyCorp upgraded Revolve Group from a “sector weight” rating to an “overweight” rating and set a $37.00 price target on the stock in a research note on Thursday, January 23rd. Stifel Nicolaus lowered their price target on Revolve Group from $41.00 to $40.00 and set a “buy” rating on the stock in a research note on Wednesday, February 26th. Finally, Roth Mkm restated a “buy” rating and set a $36.00 price target (up from $35.00) on shares of Revolve Group in a research note on Wednesday, February 26th. 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, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $30.57.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of RVLV. Balyasny Asset Management L.P. boosted its holdings in shares of Revolve Group by 596.9% in the 4th quarter. Balyasny Asset Management L.P. now owns 795,607 shares of the company’s stock worth $26,645,000 after acquiring an additional 681,451 shares in the last quarter. Driehaus Capital Management LLC acquired a new position in shares of Revolve Group in the 4th quarter worth approximately $14,531,000. Algert Global LLC boosted its holdings in shares of Revolve Group by 235.6% in the 4th quarter. Algert Global LLC now owns 303,289 shares of the company’s stock worth $10,157,000 after acquiring an additional 212,914 shares in the last quarter. Woodline Partners LP acquired a new position in shares of Revolve Group in the 4th quarter worth approximately $6,477,000. Finally, Polar Asset Management Partners Inc. acquired a new position in shares of Revolve Group in the 3rd quarter worth approximately $3,982,000. 67.60% of the stock is owned by institutional investors and hedge funds.

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.