Revolve Group, Inc. (NYSE:RVLV) Shares Purchased by Federated Hermes Inc.

Federated Hermes Inc. boosted its position in shares of Revolve Group, Inc. (NYSE:RVLV - Free Report) by 205.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 237,314 shares of the company's stock after acquiring an additional 159,655 shares during the quarter. Federated Hermes Inc. owned 0.34% of Revolve Group worth $7,948,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Wells Fargo & Company MN increased its position in Revolve Group by 1.2% in the fourth quarter. Wells Fargo & Company MN now owns 411,738 shares of the company's stock worth $13,789,000 after buying an additional 4,946 shares in the last quarter. Landscape Capital Management L.L.C. bought a new stake in Revolve Group during the 4th quarter worth approximately $598,000. Bryce Point Capital LLC purchased a new position in Revolve Group during the fourth quarter valued at approximately $1,833,000. Trexquant Investment LP boosted its position in shares of Revolve Group by 96.9% in the fourth quarter. Trexquant Investment LP now owns 61,723 shares of the company's stock worth $2,067,000 after purchasing an additional 30,370 shares during the period. Finally, Franklin Resources Inc. increased its stake in shares of Revolve Group by 5.1% in the fourth quarter. Franklin Resources Inc. now owns 28,571 shares of the company's stock worth $957,000 after purchasing an additional 1,376 shares in the last quarter. Institutional investors own 67.60% of the company's stock.

Insiders Place Their Bets

In related news, CEO Michael Karanikolas sold 12,566 shares of the company's stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 123,000 shares in the company, valued at $3,190,620. This represents a 9.27 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Michael Mente sold 44,962 shares of the business's 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 completion of the transaction, the chief executive officer now owns 73,000 shares of the company's stock, valued at $2,257,890. This represents a 38.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 256,781 shares of company stock worth $7,793,755. 46.56% of the stock is currently owned by company insiders.

Revolve Group Trading Down 0.9 %

Shares of NYSE RVLV traded down $0.18 during trading hours on Wednesday, reaching $19.94. The stock had a trading volume of 137,316 shares, compared to its average volume of 1,405,604. Revolve Group, Inc. has a 52-week low of $14.87 and a 52-week high of $39.58. The firm has a market cap of $1.42 billion, a price-to-earnings ratio of 35.60, a P/E/G ratio of 1.48 and a beta of 2.10. The business's fifty day moving average price is $24.39 and its two-hundred day moving average price is $28.70.

Analysts Set New Price Targets

RVLV has been the subject of a number of analyst reports. 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 research note on Wednesday, February 26th. BMO Capital Markets boosted their price target on Revolve Group from $15.00 to $19.00 and gave the stock a "market perform" rating in a 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 price objective for the company in a report on Friday, March 14th. Piper Sandler lowered their target price on shares of Revolve Group from $35.00 to $22.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. Finally, Stifel Nicolaus cut their target price on shares of Revolve Group from $40.00 to $28.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $28.87.

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.