14,962 Shares in Revolve Group, Inc. (NYSE:RVLV) Purchased by Monimus Capital Management LP

Monimus Capital Management LP bought a new position in shares of Revolve Group, Inc. (NYSE:RVLVFree Report) during the 4th quarter, Holdings Channel reports. The institutional investor bought 14,962 shares of the company’s stock, valued at approximately $501,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. AlphaQuest LLC raised its holdings in Revolve Group by 7.7% during the fourth quarter. AlphaQuest LLC now owns 5,535 shares of the company’s stock worth $185,000 after acquiring an additional 396 shares in the last quarter. Farther Finance Advisors LLC raised 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 buying an additional 804 shares during the period. Navellier & Associates Inc. raised its stake in Revolve Group by 4.1% in the fourth quarter. Navellier & Associates Inc. now owns 25,711 shares of the company’s stock valued at $861,000 after buying an additional 1,008 shares during the period. Venturi Wealth Management LLC raised its stake in Revolve Group by 1,302.1% in the fourth quarter. Venturi Wealth Management LLC now owns 1,346 shares of the company’s stock valued at $45,000 after buying an additional 1,250 shares during the period. Finally, Sugar Maple Asset Management LLC bought a new stake in Revolve Group in the fourth quarter valued at approximately $50,000. Institutional investors own 67.60% of the company’s stock.

Revolve Group Trading Up 4.7 %

Shares of NYSE:RVLV opened at $22.27 on Friday. The stock’s 50-day moving average price is $28.86 and its 200-day moving average price is $29.09. Revolve Group, Inc. has a 12-month low of $14.87 and a 12-month high of $39.58. The stock has a market capitalization of $1.59 billion, a P/E ratio of 39.76, a price-to-earnings-growth ratio of 1.48 and a beta of 2.25.

Insider Transactions at Revolve Group

In other news, CEO Michael Karanikolas sold 12,566 shares of Revolve Group stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $25.94, for a total transaction of $325,962.04. Following the completion of the transaction, the chief executive officer now directly owns 123,000 shares in the company, valued at approximately $3,190,620. This trade represents a 9.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael Mente sold 76,835 shares of the firm’s stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $34.14, for a total transaction of $2,623,146.90. Following the sale, the chief executive officer now directly owns 73,000 shares of the company’s stock, valued at $2,492,220. This trade represents a 51.28 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 511,649 shares of company stock worth $16,027,128. Company insiders own 46.56% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on RVLV shares. Stifel Nicolaus dropped their price objective 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. BMO Capital Markets increased their target price on Revolve Group from $15.00 to $19.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 26th. Roth Mkm reiterated a “buy” rating and set a $36.00 target price (up previously from $35.00) on shares of Revolve Group 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 research note on Thursday, January 23rd. Finally, Barclays increased their target price on Revolve Group from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 26th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $30.53.

Get Our Latest Report on RVLV

About Revolve Group

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding RVLV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Revolve Group, Inc. (NYSE:RVLVFree Report).

Institutional Ownership by Quarter for Revolve Group (NYSE:RVLV)

Receive News & Ratings for Revolve Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Revolve Group and related companies with MarketBeat.com's FREE daily email newsletter.