Revolve Group, Inc. (NYSE:RVLV) Shares Purchased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. raised its stake in Revolve Group, Inc. (NYSE:RVLV) by 484.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 80,656 shares of the company’s stock after purchasing an additional 66,855 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Revolve Group were worth $2,701,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. HighTower Advisors LLC boosted its stake in shares of Revolve Group by 86.3% in the fourth quarter. HighTower Advisors LLC now owns 18,782 shares of the company’s stock valued at $629,000 after purchasing an additional 8,702 shares during the period. Independent Advisor Alliance purchased a new position in Revolve Group in the 4th quarter valued at about $1,736,000. AlphaQuest LLC boosted its position in Revolve Group by 7.7% in the 4th quarter. AlphaQuest LLC now owns 5,535 shares of the company’s stock valued at $185,000 after buying an additional 396 shares during the last quarter. Lisanti Capital Growth LLC grew its stake in shares of Revolve Group by 9.8% during the fourth quarter. Lisanti Capital Growth LLC now owns 100,875 shares of the company’s stock valued at $3,378,000 after acquiring an additional 9,030 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Revolve Group during the fourth quarter worth about $333,000. Hedge funds and other institutional investors own 67.60% of the company’s stock.

Insider Activity at Revolve Group

In other Revolve Group news, CEO Michael Mente sold 62,441 shares of the stock in a transaction on Friday, December 20th. The stock was sold at an average price of $34.20, for a total transaction of $2,135,482.20. Following the completion of the transaction, the chief executive officer now directly owns 73,000 shares of the company’s stock, valued at approximately $2,496,600. This trade represents a 46.10 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Michael Karanikolas sold 12,566 shares of the business’s stock in a transaction 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 directly owns 123,000 shares in the company, valued at $3,190,620. This represents a 9.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 511,649 shares of company stock worth $16,027,128 over the last quarter. 46.56% of the stock is currently owned by company insiders.

Revolve Group Trading Down 0.2 %

RVLV stock opened at $22.27 on Tuesday. The firm’s 50-day moving average is $28.68 and its two-hundred day moving average is $29.17. The company has a market capitalization of $1.59 billion, a price-to-earnings ratio of 39.78, a price-to-earnings-growth ratio of 1.48 and a beta of 2.25. Revolve Group, Inc. has a 52 week low of $14.87 and a 52 week high of $39.58.

Analysts Set New Price Targets

A number of brokerages have weighed in on RVLV. Jefferies Financial Group upgraded Revolve Group from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a research note on Friday. KeyCorp upgraded shares of Revolve Group from a “sector weight” rating to an “overweight” rating and set a $37.00 price target for the company in a research note on Thursday, January 23rd. BMO Capital Markets increased their price objective 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. Stifel Nicolaus dropped their target price on shares of Revolve Group from $41.00 to $40.00 and set a “buy” rating for the company in a research report on Wednesday, February 26th. Finally, Roth Mkm reaffirmed a “buy” rating and set a $36.00 price target (up previously from $35.00) on shares of Revolve Group in a research report on Wednesday, February 26th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $30.53.

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.