Revolve Group, Inc. (NYSE:RVLV) Shares Purchased by Barclays PLC

Barclays PLC grew its holdings in Revolve Group, Inc. (NYSE:RVLV - Free Report) by 132.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 198,705 shares of the company's stock after acquiring an additional 113,092 shares during the quarter. Barclays PLC owned 0.28% of Revolve Group worth $6,656,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in RVLV. Federated Hermes Inc. lifted its holdings in shares of Revolve Group by 205.6% during the fourth quarter. Federated Hermes Inc. now owns 237,314 shares of the company's stock worth $7,948,000 after purchasing an additional 159,655 shares during the period. JPMorgan Chase & Co. lifted its holdings 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 worth $8,665,000 after purchasing an additional 158,960 shares during the period. Teacher Retirement System of Texas acquired a new stake in shares of Revolve Group during the fourth quarter worth about $4,185,000. Madison Investment Advisors LLC acquired a new stake in shares of Revolve Group during the fourth quarter worth about $3,606,000. Finally, Picton Mahoney Asset Management acquired a new stake in shares of Revolve Group during the fourth quarter worth about $3,515,000. Institutional investors and hedge funds own 67.60% of the company's stock.

Insider Buying and Selling

In other Revolve Group news, CEO Michael Mente sold 65,722 shares of the firm's stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $30.10, for a total value of $1,978,232.20. Following the completion of the sale, the chief executive officer now directly owns 73,000 shares of the company's stock, valued at $2,197,300. This trade represents a 47.38 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael Karanikolas sold 12,566 shares of the business's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $25.94, for a total transaction 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. Over the last ninety days, insiders sold 145,406 shares of company stock worth $4,378,812. 46.56% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. BMO Capital Markets lifted their target price on Revolve Group from $15.00 to $19.00 and gave the stock a "market perform" rating in a report on Wednesday, February 26th. KeyCorp upgraded Revolve Group from a "sector weight" rating to an "overweight" rating and set a $37.00 price target for the company in a research report on Thursday, January 23rd. Stifel Nicolaus reduced their price target on Revolve Group from $40.00 to $28.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Morgan Stanley reduced their price target on Revolve Group from $29.00 to $21.00 and set an "equal weight" rating for the company in a research report on Thursday, April 17th. Finally, Jefferies Financial Group upgraded Revolve Group from a "hold" rating to a "buy" rating and set a $30.00 price target for the company in a research report on Friday, March 14th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $28.53.

Revolve Group Stock Performance

Shares of RVLV traded down $0.94 during trading hours on Wednesday, hitting $19.80. 1,743,668 shares of the stock were exchanged, compared to its average volume of 1,108,207. Revolve Group, Inc. has a 12-month low of $14.87 and a 12-month high of $39.58. The company has a market cap of $1.41 billion, a price-to-earnings ratio of 35.36, a price-to-earnings-growth ratio of 1.48 and a beta of 2.10. The stock's 50-day moving average price is $22.11 and its two-hundred day moving average price is $28.33.

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.