3,507 Shares in Revolve Group, Inc. (NYSE:RVLV) Bought by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd bought a new position in shares of Revolve Group, Inc. (NYSE:RVLV) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 3,507 shares of the company’s stock, valued at approximately $117,000.

A number of other hedge funds have also bought and sold shares of the company. Monimus Capital Management LP bought a new position in Revolve Group during the fourth quarter worth $501,000. Picton Mahoney Asset Management bought a new position in Revolve Group during the fourth quarter worth $3,515,000. Madison Investment Advisors LLC bought a new position in Revolve Group during the fourth quarter worth $3,606,000. Connor Clark & Lunn Investment Management Ltd. raised its stake in Revolve Group by 484.4% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 80,656 shares of the company’s stock worth $2,701,000 after buying an additional 66,855 shares during the last quarter. Finally, HighTower Advisors LLC grew its holdings in Revolve Group by 86.3% in the fourth quarter. HighTower Advisors LLC now owns 18,782 shares of the company’s stock worth $629,000 after purchasing an additional 8,702 shares during the period. Institutional investors own 67.60% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on RVLV. Stifel Nicolaus reduced their price target on shares of Revolve Group from $41.00 to $40.00 and set a “buy” rating for the company in a report on Wednesday, February 26th. Roth Mkm restated a “buy” rating and issued a $36.00 price target (up from $35.00) on shares of Revolve Group in a report on Wednesday, February 26th. Barclays raised their price target on shares of Revolve Group from $25.00 to $26.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 26th. KeyCorp upgraded shares of Revolve Group from a “sector weight” rating to an “overweight” rating and set a $37.00 price target for the company in a report on Thursday, January 23rd. Finally, BMO Capital Markets raised their price target on shares of Revolve Group from $15.00 to $19.00 and gave the stock a “market perform” rating in a report on Wednesday, February 26th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $30.53.

Revolve Group Stock Performance

Revolve Group stock opened at $22.14 on Friday. 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 market cap of $1.58 billion, a PE ratio of 39.53, a price-to-earnings-growth ratio of 1.48 and a beta of 2.25. The firm’s 50-day simple moving average is $28.02 and its 200 day simple moving average is $29.10.

Insider Buying and Selling

In related news, CEO Michael Karanikolas sold 12,566 shares of the business’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $25.94, for a total transaction of $325,962.04. Following the transaction, the chief executive officer now directly owns 123,000 shares in the company, valued at approximately $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 Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael Mente sold 69,605 shares of the business’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $29.77, for a total transaction of $2,072,140.85. Following the transaction, the chief executive officer now owns 73,000 shares in the company, valued at approximately $2,173,210. This trade represents a 48.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 372,373 shares of company stock worth $11,268,499. 46.56% of the stock is owned by insiders.

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.