Northwest & Ethical Investments L.P. Takes $87,000 Position in Revolve Group, Inc. (NYSE:RVLV)

Northwest & Ethical Investments L.P. acquired a new position in Revolve Group, Inc. (NYSE:RVLV) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,600 shares of the company’s stock, valued at approximately $87,000.

Several other institutional investors have also added to or reduced their stakes in RVLV. Polar Asset Management Partners Inc. bought a new stake in Revolve Group in the third quarter worth approximately $3,982,000. JPMorgan Chase & Co. grew its position in shares of Revolve Group by 83.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 349,670 shares of the company’s stock worth $8,665,000 after buying an additional 158,960 shares during the period. Teacher Retirement System of Texas bought a new stake in shares of Revolve Group in the 4th quarter valued at $4,185,000. Madison Investment Advisors LLC acquired a new position in shares of Revolve Group during the 4th quarter valued at $3,606,000. Finally, Picton Mahoney Asset Management bought a new position in Revolve Group during the fourth quarter worth $3,515,000. 67.60% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Stifel Nicolaus decreased their price target on shares of Revolve Group from $41.00 to $40.00 and set a “buy” rating for the company in a research note on Wednesday, February 26th. Barclays boosted their target price on Revolve Group from $25.00 to $26.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 26th. 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 report on Wednesday, February 26th. BMO Capital Markets boosted their price objective on Revolve Group from $15.00 to $19.00 and gave the company a “market perform” rating in a report on Wednesday, February 26th. Finally, Jefferies Financial Group upgraded 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. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $30.53.

Revolve Group Price Performance

RVLV opened at $22.14 on Friday. Revolve Group, Inc. has a fifty-two week low of $14.87 and a fifty-two week high of $39.58. The company’s 50-day moving average is $28.02 and its 200 day moving average is $29.10. The firm has a market capitalization of $1.58 billion, a P/E ratio of 39.53, a PEG ratio of 1.48 and a beta of 2.25.

Insiders Place Their Bets

In related news, CEO Michael Mente sold 44,962 shares of Revolve Group stock in a transaction on 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 sale, the chief executive officer now directly owns 73,000 shares in the company, valued at approximately $2,257,890. This trade represents a 38.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Michael Karanikolas sold 12,566 shares of the company’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $25.94, for a total value of $325,962.04. Following the completion of the transaction, the chief executive officer now owns 123,000 shares of the company’s stock, valued at $3,190,620. This trade represents a 9.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 372,373 shares of company stock valued at $11,268,499 in the last 90 days. 46.56% of the stock is currently owned by corporate insiders.

About Revolve Group

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.