Arrowstreet Capital Limited Partnership Sells 165,481 Shares of Revolve Group, Inc. (NYSE:RVLV)

Arrowstreet Capital Limited Partnership lowered its holdings in Revolve Group, Inc. (NYSE:RVLV) by 25.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 495,951 shares of the company’s stock after selling 165,481 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 0.70% of Revolve Group worth $16,609,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Venturi Wealth Management LLC raised its stake in Revolve Group by 1,302.1% in the fourth quarter. Venturi Wealth Management LLC now owns 1,346 shares of the company’s stock valued at $45,000 after purchasing an additional 1,250 shares in the last quarter. Sugar Maple Asset Management LLC acquired a new position in shares of Revolve Group in the 4th quarter valued at approximately $50,000. Northwest & Ethical Investments L.P. bought a new stake in shares of Revolve Group during the 4th quarter worth approximately $87,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of Revolve Group during the 4th quarter worth approximately $117,000. Finally, AlphaQuest LLC increased its stake in Revolve Group by 7.7% in the fourth quarter. AlphaQuest LLC now owns 5,535 shares of the company’s stock valued at $185,000 after acquiring an additional 396 shares during the last quarter. Institutional investors and hedge funds own 67.60% of the company’s stock.

Insider Buying and Selling at Revolve Group

In other news, CEO Michael Karanikolas sold 12,566 shares of Revolve Group 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 completion of the transaction, the chief executive officer now directly owns 123,000 shares of the company’s stock, valued at approximately $3,190,620. This trade represents a 9.27 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Michael Mente sold 69,605 shares of the company’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $29.77, for a total value of $2,072,140.85. Following the sale, the chief executive officer now owns 73,000 shares in the company, valued at approximately $2,173,210. The trade was a 48.81 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 372,373 shares of company stock worth $11,268,499. Insiders own 46.56% of the company’s stock.

Revolve Group Stock Down 0.5 %

Shares of Revolve Group stock opened at $18.81 on Friday. The stock has a market cap of $1.34 billion, a price-to-earnings ratio of 33.58, a P/E/G ratio of 1.48 and a beta of 2.10. Revolve Group, Inc. has a twelve month low of $14.87 and a twelve month high of $39.58. The company’s fifty day moving average is $26.34 and its 200 day moving average is $29.01.

Analyst Ratings Changes

Several research firms have weighed in on RVLV. Stifel Nicolaus cut their target price on Revolve Group from $41.00 to $40.00 and set a “buy” rating for the company in a research note on Wednesday, February 26th. Roth Mkm reaffirmed a “buy” rating and issued a $36.00 price objective (up from $35.00) on shares of Revolve Group in a research note on Wednesday, February 26th. KeyCorp raised Revolve Group from a “sector weight” rating to an “overweight” rating and set a $37.00 target price for the company in a research note on Thursday, January 23rd. BMO Capital Markets raised their price target on shares of Revolve Group from $15.00 to $19.00 and gave the company a “market perform” rating in a research note on Wednesday, February 26th. Finally, Barclays upped their price objective on shares of Revolve Group from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 26th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $30.53.

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.