Wells Fargo & Company MN Increases Stake in Revolve Group, Inc. (NYSE:RVLV)

Wells Fargo & Company MN raised its holdings in shares of Revolve Group, Inc. (NYSE:RVLV) by 1.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 411,738 shares of the company’s stock after purchasing an additional 4,946 shares during the quarter. Wells Fargo & Company MN’s holdings in Revolve Group were worth $13,789,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently modified their holdings of the company. AlphaQuest LLC boosted its holdings in Revolve Group by 7.7% in the 4th quarter. AlphaQuest LLC now owns 5,535 shares of the company’s stock worth $185,000 after buying an additional 396 shares during the period. Navellier & Associates Inc. lifted its position in shares of 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 in the last quarter. Venturi Wealth Management LLC lifted its position in shares of Revolve Group by 1,302.1% during the fourth quarter. Venturi Wealth Management LLC now owns 1,346 shares of the company’s stock worth $45,000 after acquiring an additional 1,250 shares in the last quarter. Franklin Resources Inc. boosted its holdings in shares of Revolve Group by 5.1% in the fourth quarter. Franklin Resources Inc. now owns 28,571 shares of the company’s stock worth $957,000 after acquiring an additional 1,376 shares during the period. Finally, Sugar Maple Asset Management LLC purchased a new position in shares of Revolve Group in the fourth quarter valued at $50,000. Hedge funds and other institutional investors own 67.60% of the company’s stock.

Revolve Group Price Performance

Shares of RVLV opened at $20.70 on Tuesday. Revolve Group, Inc. has a 1 year low of $14.87 and a 1 year high of $39.58. The stock has a 50 day simple moving average of $24.61 and a two-hundred day simple moving average of $28.76. The firm has a market cap of $1.47 billion, a P/E ratio of 36.96, a P/E/G ratio of 1.48 and a beta of 2.10.

Insider Transactions at Revolve Group

In other news, CEO Michael Mente sold 67,118 shares of the business’s stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $30.91, for a total value of $2,074,617.38. Following the completion of the sale, the chief executive officer now owns 73,000 shares of the company’s stock, valued at approximately $2,256,430. The trade was a 47.90 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Michael Karanikolas sold 12,566 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $25.94, for a total value of $325,962.04. Following the transaction, the chief executive officer now 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 256,781 shares of company stock worth $7,793,755. 46.56% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented on RVLV. Stifel Nicolaus cut their target price on Revolve Group from $40.00 to $28.00 and set a “buy” rating for the company in a research note on Thursday, April 10th. Piper Sandler cut their price objective on shares of Revolve Group from $35.00 to $22.00 and set an “overweight” rating for the company in a research report on Friday. Jefferies Financial Group raised shares of Revolve Group from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a report on Friday, March 14th. Barclays raised their price target on shares of Revolve Group from $25.00 to $26.00 and gave the company an “equal weight” rating in a report on Wednesday, February 26th. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $36.00 price target (up previously from $35.00) on shares of Revolve Group in a report on Wednesday, February 26th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $28.87.

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.