Monimus Capital Management LP bought a new position in shares of Revolve Group, Inc. (NYSE:RVLV – Free 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
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.
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.
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