HighTower Advisors LLC Buys 8,702 Shares of Revolve Group, Inc. (NYSE:RVLV)

HighTower Advisors LLC increased its stake in shares of Revolve Group, Inc. (NYSE:RVLV) by 86.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,782 shares of the company’s stock after acquiring an additional 8,702 shares during the period. HighTower Advisors LLC’s holdings in Revolve Group were worth $629,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Venturi Wealth Management LLC raised its stake in shares of Revolve Group by 1,302.1% during the 4th quarter. Venturi Wealth Management LLC now owns 1,346 shares of the company’s stock worth $45,000 after purchasing an additional 1,250 shares in the last quarter. Sugar Maple Asset Management LLC acquired a new position in Revolve Group during the fourth quarter worth $50,000. AlphaQuest LLC raised its position in Revolve Group by 7.7% during the fourth quarter. AlphaQuest LLC now owns 5,535 shares of the company’s stock worth $185,000 after acquiring an additional 396 shares in the last quarter. Dakota Wealth Management acquired a new stake in Revolve Group in the fourth quarter valued at $211,000. Finally, Cornerstone Investment Partners LLC acquired a new stake in Revolve Group in the fourth quarter valued at $218,000. 67.60% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. 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. KeyCorp upgraded Revolve Group from a “sector weight” rating to an “overweight” rating and set a $37.00 price objective on the stock in a research note on Thursday, January 23rd. Barclays lifted their target price on Revolve Group from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 26th. BMO Capital Markets increased their price target on Revolve Group from $15.00 to $19.00 and gave the company a “market perform” rating in a research note on Wednesday, February 26th. Finally, Stifel Nicolaus cut their price target on Revolve Group from $41.00 to $40.00 and set a “buy” rating for the company in a report on Wednesday, February 26th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Revolve Group currently has an average rating of “Moderate Buy” and a consensus price target of $30.53.

Insider Buying and Selling at Revolve Group

In related news, CEO Michael Karanikolas sold 12,566 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $25.94, for a total transaction of $325,962.04. Following the sale, the chief executive officer now owns 123,000 shares of the company’s stock, valued at $3,190,620. This represents a 9.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Michael Mente sold 69,605 shares of Revolve Group stock in a transaction on Friday, January 10th. The shares were sold at an average price of $29.77, for a total value of $2,072,140.85. Following the completion of the transaction, the chief executive officer now directly owns 73,000 shares of the company’s stock, valued at $2,173,210. This represents a 48.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 372,373 shares of company stock valued at $11,268,499 in the last quarter. Company insiders own 46.56% of the company’s stock.

Revolve Group Stock Performance

Shares of Revolve Group stock opened at $22.24 on Friday. Revolve Group, Inc. has a 52-week low of $14.87 and a 52-week high of $39.58. The stock has a market cap of $1.58 billion, a PE ratio of 39.72, a PEG ratio of 1.48 and a beta of 2.25. The firm has a 50-day moving average of $27.38 and a 200-day moving average of $29.16.

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.