Invesco Ltd. Acquires 36,630 Shares of Revolve Group, Inc. (NYSE:RVLV)

Invesco Ltd. increased its stake in shares of Revolve Group, Inc. (NYSE:RVLV - Free Report) by 57.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 100,494 shares of the company's stock after purchasing an additional 36,630 shares during the quarter. Invesco Ltd. owned approximately 0.14% of Revolve Group worth $3,366,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Venturi Wealth Management LLC lifted its position in Revolve Group by 1,302.1% in the 4th quarter. Venturi Wealth Management LLC now owns 1,346 shares of the company's stock worth $45,000 after buying an additional 1,250 shares in the last quarter. Sugar Maple Asset Management LLC acquired a new stake in Revolve Group during the fourth quarter valued at $50,000. Northwest & Ethical Investments L.P. purchased a new position in Revolve Group in the fourth quarter valued at about $87,000. Harvest Fund Management Co. Ltd acquired a new position in Revolve Group in the 4th quarter worth about $117,000. Finally, AlphaQuest LLC raised its stake in shares of Revolve Group by 7.7% during the 4th quarter. AlphaQuest LLC now owns 5,535 shares of the company's stock worth $185,000 after purchasing an additional 396 shares in the last quarter. 67.60% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Revolve Group

In other Revolve Group news, CEO Michael Karanikolas sold 12,566 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $25.94, for a total value of $325,962.04. Following the completion of the sale, the chief executive officer now owns 123,000 shares in the company, valued at approximately $3,190,620. This trade represents a 9.27 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael Mente sold 67,118 shares of Revolve Group stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $30.91, for a total value of $2,074,617.38. Following the sale, the chief executive officer now directly owns 73,000 shares in the company, valued at $2,256,430. The trade was a 47.90 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 145,406 shares of company stock worth $4,378,812. 46.56% of the stock is currently owned by company insiders.

Revolve Group Price Performance

RVLV stock remained flat at $19.46 on Friday. 183,363 shares of the company were exchanged, compared to its average volume of 1,106,756. The stock has a market capitalization of $1.39 billion, a price-to-earnings ratio of 34.78, a PEG ratio of 1.48 and a beta of 2.10. Revolve Group, Inc. has a fifty-two week low of $14.87 and a fifty-two week high of $39.58. The company has a 50 day simple moving average of $21.90 and a two-hundred day simple moving average of $28.29.

Wall Street Analysts Forecast Growth

RVLV has been the topic of a number of research reports. Stifel Nicolaus dropped their price objective on Revolve Group from $40.00 to $28.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Robert W. Baird decreased their price objective on shares of Revolve Group from $26.00 to $25.00 and set a "neutral" rating for the company in a report on Thursday. Morgan Stanley lowered their target price on shares of Revolve Group from $29.00 to $21.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 17th. Barclays boosted their price target on Revolve Group from $25.00 to $26.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 26th. Finally, Piper Sandler lowered their price objective on Revolve Group from $35.00 to $22.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Revolve Group currently has an average rating of "Moderate Buy" and an average price target of $28.00.

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.