Versor Investments LP Acquires Shares of 8,400 Revolve Group, Inc. (NYSE:RVLV)

Versor Investments LP bought a new position in shares of Revolve Group, Inc. (NYSE:RVLV) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 8,400 shares of the company’s stock, valued at approximately $281,000.

Other large investors have also made changes to their positions in the company. Navellier & Associates Inc. raised its holdings in Revolve Group by 4.1% during the 4th quarter. Navellier & Associates Inc. now owns 25,711 shares of the company’s stock worth $861,000 after purchasing an additional 1,008 shares during the last quarter. New York State Common Retirement Fund grew its position in shares of Revolve Group by 3.0% during the 4th quarter. New York State Common Retirement Fund now owns 164,924 shares of the company’s stock worth $5,523,000 after buying an additional 4,844 shares during the period. Venturi Wealth Management LLC grew its position in shares of Revolve Group by 1,302.1% during the 4th quarter. Venturi Wealth Management LLC now owns 1,346 shares of the company’s stock worth $45,000 after buying an additional 1,250 shares during the period. Principal Financial Group Inc. bought a new stake in shares of Revolve Group during the fourth quarter worth approximately $3,250,000. Finally, Janney Montgomery Scott LLC acquired a new position in Revolve Group in the fourth quarter valued at approximately $275,000. Institutional investors and hedge funds own 67.60% of the company’s stock.

Revolve Group Stock Performance

Shares of 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 PEG ratio of 1.48 and a beta of 2.17. Revolve Group, Inc. has a twelve month low of $14.87 and a twelve month high of $39.58. The firm’s 50 day moving average price is $30.66 and its two-hundred day moving average price is $29.18.

Analysts Set New Price Targets

RVLV has been the subject of a number of analyst reports. TD Cowen lifted their target price on shares of Revolve Group from $28.00 to $34.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Stifel Nicolaus decreased their price objective on Revolve Group from $41.00 to $40.00 and set a “buy” rating for the company in a research note on Wednesday, February 26th. BMO Capital Markets increased their target price 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. KeyCorp upgraded Revolve Group from a “sector weight” rating to an “overweight” rating and set a $37.00 target price on the stock in a report on Thursday, January 23rd. Finally, Evercore ISI upped their price target on Revolve Group from $21.00 to $33.00 and gave the company an “in-line” rating in a research note on Wednesday, November 6th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $30.57.

Insider Activity at Revolve Group

In other Revolve Group news, CEO Michael Mente sold 98,429 shares of the stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $34.87, for a total transaction of $3,432,219.23. Following the completion of the transaction, the chief executive officer now owns 123,000 shares in the company, valued at approximately $4,289,010. This represents a 44.45 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last ninety days, insiders have sold 597,512 shares of company stock valued at $19,133,385. 46.56% of the stock is owned by corporate insiders.

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.