Revolve Group, Inc. (NYSE:RVLV) Shares Sold by US Bancorp DE

US Bancorp DE trimmed its position in Revolve Group, Inc. (NYSE:RVLV) by 2.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 32,545 shares of the company’s stock after selling 851 shares during the period. US Bancorp DE’s holdings in Revolve Group were worth $1,090,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in RVLV. Farther Finance Advisors LLC raised its position in shares of Revolve Group by 249.7% during the 3rd 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. increased its stake in Revolve Group by 4.1% during the fourth quarter. Navellier & Associates Inc. now owns 25,711 shares of the company’s stock worth $861,000 after acquiring an additional 1,008 shares during the last quarter. Venturi Wealth Management LLC raised its position 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 purchasing an additional 1,250 shares during the period. Sugar Maple Asset Management LLC acquired a new position in shares of Revolve Group in the 4th quarter valued at $50,000. Finally, Franklin Resources Inc. grew its holdings in shares of Revolve Group by 6.9% during the 3rd quarter. Franklin Resources Inc. now owns 27,195 shares of the company’s stock worth $699,000 after purchasing an additional 1,753 shares during the period. Hedge funds and other institutional investors own 67.60% of the company’s stock.

Revolve Group Trading Up 4.5 %

NYSE:RVLV opened at $24.05 on Monday. Revolve Group, Inc. has a 12-month low of $14.87 and a 12-month high of $39.58. The firm has a market cap of $1.71 billion, a PE ratio of 42.94, a price-to-earnings-growth ratio of 1.48 and a beta of 2.25. The stock has a fifty day moving average price of $29.89 and a 200 day moving average price of $29.18.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. BMO Capital Markets boosted their price objective on shares of Revolve Group from $15.00 to $19.00 and gave the company a “market perform” rating in a report on Wednesday, February 26th. KeyCorp raised shares of 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. Barclays increased their price objective on shares of Revolve Group from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 26th. Roth Mkm reissued a “buy” rating and issued a $36.00 target price (up previously from $35.00) on shares of Revolve Group in a research report on Wednesday, February 26th. Finally, Stifel Nicolaus lowered their price target on Revolve Group from $41.00 to $40.00 and set a “buy” rating for the company in a research report on Wednesday, February 26th. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $30.57.

Insider Buying and Selling at Revolve Group

In other Revolve Group news, CEO Michael Karanikolas sold 12,566 shares of the business’s 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 owns 123,000 shares in the company, valued at $3,190,620. The trade was a 9.27 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Michael Mente sold 62,441 shares of the firm’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $34.20, for a total transaction of $2,135,482.20. Following the completion of the sale, the chief executive officer now owns 73,000 shares in the company, valued at $2,496,600. The trade was a 46.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 511,649 shares of company stock valued at $16,027,128 in the last quarter. Corporate insiders own 46.56% of the company’s stock.

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.