Charles Schwab Investment Management Inc. Boosts Stake in Revolve Group, Inc. (NYSE:RVLV)

Charles Schwab Investment Management Inc. lifted its position in shares of Revolve Group, Inc. (NYSE:RVLV) by 1.1% during the 4th quarter, HoldingsChannel reports. The fund owned 318,683 shares of the company’s stock after purchasing an additional 3,470 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Revolve Group were worth $10,673,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of RVLV. Versor Investments LP acquired a new position in shares of Revolve Group during the 4th quarter worth about $281,000. Navellier & Associates Inc. raised its position in shares of Revolve Group by 4.1% during the 4th quarter. Navellier & Associates Inc. now owns 25,711 shares of the company’s stock worth $861,000 after purchasing an additional 1,008 shares during the last quarter. New York State Common Retirement Fund raised its position in shares of Revolve Group by 3.0% during the 4th quarter. New York State Common Retirement Fund now owns 164,924 shares of the company’s stock worth $5,523,000 after purchasing an additional 4,844 shares during the last quarter. Venturi Wealth Management LLC raised its position 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 during the last quarter. Finally, Principal Financial Group Inc. acquired a new stake in Revolve Group in the 4th quarter valued at about $3,250,000. 67.60% of the stock is owned by hedge funds and other institutional investors.

Revolve Group Trading Up 0.9 %

RVLV opened at $22.14 on Friday. The stock’s 50-day moving average price is $28.02 and its 200 day moving average price is $29.10. Revolve Group, Inc. has a 12-month low of $14.87 and a 12-month high of $39.58. The firm has a market cap of $1.58 billion, a price-to-earnings ratio of 39.53, a PEG ratio of 1.48 and a beta of 2.25.

Wall Street Analysts Forecast Growth

RVLV has been the subject of a number of recent research reports. BMO Capital Markets increased their price objective 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. Barclays increased their price objective 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. KeyCorp upgraded shares of Revolve Group from a “sector weight” rating to an “overweight” rating and set a $37.00 price objective for the company in a report on Thursday, January 23rd. Jefferies Financial Group raised shares of Revolve Group from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research report on Friday, March 14th. Finally, Stifel Nicolaus lowered their price objective on Revolve Group from $41.00 to $40.00 and set a “buy” rating for the company in a research report on Wednesday, February 26th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $30.53.

Insider Buying and Selling

In related news, CEO Michael Mente sold 44,962 shares of the stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $30.93, for a total transaction of $1,390,674.66. Following the transaction, the chief executive officer now owns 73,000 shares of the company’s stock, valued at approximately $2,257,890. This represents a 38.12 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael Karanikolas sold 12,566 shares of the stock in a transaction dated 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 directly owns 123,000 shares in the company, valued at approximately $3,190,620. The trade was a 9.27 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 372,373 shares of company stock valued at $11,268,499. Corporate insiders own 46.56% of the company’s stock.

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.