New York State Common Retirement Fund Boosts Stock Position in Revolve Group, Inc. (NYSE:RVLV)

New York State Common Retirement Fund increased its holdings in shares of Revolve Group, Inc. (NYSE:RVLV) by 3.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 164,924 shares of the company’s stock after buying an additional 4,844 shares during the quarter. New York State Common Retirement Fund’s holdings in Revolve Group were worth $5,523,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. JPMorgan Chase & Co. raised its position in Revolve Group by 83.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 349,670 shares of the company’s stock worth $8,665,000 after buying an additional 158,960 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Revolve Group by 0.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 315,213 shares of the company’s stock worth $7,811,000 after acquiring an additional 2,963 shares in the last quarter. Polar Asset Management Partners Inc. acquired a new position in shares of Revolve Group during the third quarter valued at approximately $3,982,000. Harbor Capital Advisors Inc. boosted its position in Revolve Group by 46.1% during the third quarter. Harbor Capital Advisors Inc. now owns 107,148 shares of the company’s stock worth $2,655,000 after acquiring an additional 33,812 shares during the last quarter. Finally, Principal Financial Group Inc. purchased a new stake in Revolve Group in the 4th quarter valued at $3,250,000. 67.60% of the stock is owned by hedge funds and other institutional investors.

Revolve Group Price Performance

NYSE RVLV opened at $26.23 on Friday. The company has a market capitalization of $1.86 billion, a P/E ratio of 46.83, a PEG ratio of 1.48 and a beta of 2.17. The company’s 50 day simple moving average is $30.99 and its 200 day simple moving average is $29.04. Revolve Group, Inc. has a 12 month low of $14.87 and a 12 month high of $39.58.

Insider Activity at Revolve Group

In other news, CEO Michael Mente sold 67,118 shares of the stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now directly owns 73,000 shares of the company’s stock, valued at $2,256,430. This represents a 47.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 687,778 shares of company stock worth $22,364,908 in the last quarter. 46.56% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have commented on RVLV. BMO Capital Markets upped their price target on Revolve Group from $15.00 to $19.00 and gave the stock a “market perform” rating in a research note on Wednesday. Roth Mkm reiterated 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. BTIG Research increased their price target on shares of Revolve Group from $30.00 to $35.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Robert W. Baird lifted their price objective on Revolve Group from $24.00 to $33.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. Finally, Barclays lifted their target price on Revolve Group from $25.00 to $26.00 and gave the company an “equal weight” rating in a report on Wednesday. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $29.93.

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.