1 day Ago By Defense World Staff
Thrivent Financial for Lutherans lowered its position in shares of Revolve Group, Inc. (NYSE:RVLV – Free Report) by 21.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission.
The firm owned 47,550 shares of the company’s stock after selling 13,349 shares during the quarter. Thrivent Financial for Lutherans owned about 0.07% of Revolve Group worth $1,581,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of RVLV. Polar Asset Management Partners Inc. purchased a new position in Revolve Group during the 3rd quarter valued at about $3,982,000.
JPMorgan Chase & Co. increased its stake 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 valued at $8,665,000 after purchasing an additional 158,960 shares in the last quarter. Madison Investment Advisors LLC bought a new stake in shares of Revolve Group in the 4th quarter worth approximately $3,606,000.
Picton Mahoney Asset Management purchased a new stake in shares of Revolve Group in the 4th quarter worth approximately $3,515,000. Finally, Principal Financial Group Inc. bought a new position in Revolve Group during the 4th quarter valued at approximately $3,250,000.
Institutional investors own 67.60% of the company’s stock. Insiders Place Their BetsIn related news, CEO Michael Karanikolas sold 12,566 shares of the company’s stock in a transaction on Monday, March 3rd.
The shares were sold at an average price of $25.94, for a total value 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 represents a 9.27 % decrease in their position.
The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Michael Mente sold 44,962 shares of the stock in a transaction on Monday, January 27th. The stock was sold at an average price of $30.
93, for a total value of $1,390,674.66. Following the completion of the sale, the chief executive officer now owns 73,000 shares of the company’s stock, valued at $2,257,890.
The trade was a 38.12 % decrease in their position. The disclosure for this sale can be found here.
Insiders sold a total of 372,373 shares of company stock worth $11,268,499 over the last quarter. 46.56% of the stock is currently owned by corporate insiders.
Revolve Group Stock PerformanceShares of Revolve Group stock opened at $22.24 on Monday. The stock has a market cap of $1.
58 billion, a P/E ratio of 39.72, a P/E/G ratio of 1.48 and a beta of 2.
25. The stock’s fifty day moving average is $27.38 and its 200 day moving average is $29.
20. Revolve Group, Inc. has a one year low of $14.
87 and a one year high of $39.58. Analysts Set New Price TargetsSeveral equities research analysts have commented on the company.
Barclays boosted their target price on Revolve Group from $25.00 to $26.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 26th.
Roth Mkm reissued a “buy” rating and set a $36.00 price objective (up from $35.00) on shares of Revolve Group in a research report on Wednesday, February 26th.
Jefferies Financial Group raised shares of Revolve Group from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a report on Friday, March 14th. BMO Capital Markets increased their price target 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. Finally, Stifel Nicolaus decreased their price objective on shares of Revolve Group from $41.
00 to $40.00 and set a “buy” rating for the company in a report on Wednesday, February 26th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock.
According to data from MarketBeat, Revolve Group currently has a consensus rating of “Moderate Buy” and an average target price of $30.53.View Our Latest Research Report on RVLVRevolve Group Profile (Free Report)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.Featured StoriesFive stocks we like better than Revolve GroupWhat Does Downgrade Mean in Investing?Venezuelan Tariffs Could Power These 3 Diesel-Driven WinnersHow to Capture the Benefits of Dividend IncreasesMarketBeat Week in Review – 03/24 – 03/28Stock Ratings and Recommendations: Understanding Analyst RatingsShould You Buy UPS Stock Now? Deep Dive Into Its 5-Year LowWant to see what other hedge funds are holding RVLV? Visit HoldingsChannel.
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