Revolve Group, Inc. (NYSE:RVLV) Shares Bought by CANADA LIFE ASSURANCE Co

CANADA LIFE ASSURANCE Co grew its holdings in Revolve Group, Inc. (NYSE:RVLV) by 149.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,068 shares of the company’s stock after acquiring an additional 7,829 shares during the period. CANADA LIFE ASSURANCE Co’s holdings in Revolve Group were worth $437,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. lifted its position in shares of Revolve Group by 83.4% during the third quarter. JPMorgan Chase & Co. now owns 349,670 shares of the company’s stock worth $8,665,000 after purchasing an additional 158,960 shares in the last quarter. Barclays PLC increased its stake in Revolve Group by 156.7% during the 3rd quarter. Barclays PLC now owns 85,613 shares of the company’s stock worth $2,122,000 after buying an additional 52,257 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Revolve Group by 1.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 318,683 shares of the company’s stock worth $10,673,000 after buying an additional 3,470 shares in the last quarter. Franklin Resources Inc. boosted its position in Revolve Group by 6.9% in the 3rd quarter. Franklin Resources Inc. now owns 27,195 shares of the company’s stock valued at $699,000 after buying an additional 1,753 shares during the last quarter. Finally, Principal Financial Group Inc. acquired a new stake in shares of Revolve Group during the fourth quarter valued at about $3,250,000. Institutional investors and hedge funds own 67.60% of the company’s stock.

Insider Activity at Revolve Group

In related news, CEO Michael Mente sold 67,118 shares of Revolve Group stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $30.91, for a total value of $2,074,617.38. Following the sale, the chief executive officer now directly owns 73,000 shares in the company, valued at $2,256,430. This trade represents a 47.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Michael Karanikolas sold 12,566 shares of the company’s stock in a transaction dated Monday, March 3rd. The stock was 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 of the company’s stock, valued at approximately $3,190,620. This trade represents a 9.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 145,406 shares of company stock worth $4,378,812 in the last 90 days. 46.56% of the stock is currently owned by company insiders.

Revolve Group Stock Down 4.5 %

Shares of RVLV stock opened at $19.80 on Thursday. The business has a 50 day moving average of $22.11 and a two-hundred day moving average of $28.33. The company has a market cap of $1.41 billion, a P/E ratio of 35.36, a PEG ratio of 1.48 and a beta of 2.10. Revolve Group, Inc. has a 52 week low of $14.87 and a 52 week high of $39.58.

Analyst Ratings Changes

RVLV has been the topic of several recent analyst reports. Stifel Nicolaus cut their price target on Revolve Group from $40.00 to $28.00 and set a “buy” rating on the stock in a research note on Thursday, April 10th. KeyCorp upgraded Revolve Group from a “sector weight” rating to an “overweight” rating and set a $37.00 target price for the company in a research note on Thursday, January 23rd. BMO Capital Markets lifted their price target on shares of Revolve Group from $15.00 to $19.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 26th. Morgan Stanley reduced their price objective on shares of Revolve Group from $29.00 to $21.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 17th. Finally, 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. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $28.53.

Revolve Group Company 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.