Legato Capital Management LLC Decreases Holdings in Revolve Group, Inc. (NYSE:RVLV)

Legato Capital Management LLC decreased its stake in Revolve Group, Inc. (NYSE:RVLV) by 10.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 45,186 shares of the company’s stock after selling 5,039 shares during the period. Legato Capital Management LLC’s holdings in Revolve Group were worth $1,513,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its holdings in shares of Revolve Group by 249.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,126 shares of the company’s stock worth $28,000 after purchasing an additional 804 shares during the period. Sugar Maple Asset Management LLC purchased a new stake in Revolve Group in the fourth quarter worth $50,000. nVerses Capital LLC bought a new stake in shares of Revolve Group in the third quarter valued at $171,000. Dakota Wealth Management purchased a new position in shares of Revolve Group during the 4th quarter valued at $211,000. Finally, LMR Partners LLP bought a new position in shares of Revolve Group during the 3rd quarter worth $228,000. 67.60% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Revolve Group

In related news, CEO Michael Mente sold 73,783 shares of the company’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $33.41, for a total value of $2,465,090.03. Following the completion of the transaction, the chief executive officer now directly owns 73,000 shares in the company, valued at approximately $2,438,930. The trade was a 50.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 700,184 shares of company stock valued at $23,292,646 over the last three months. 46.56% of the stock is owned by corporate insiders.

Revolve Group Stock Up 2.1 %

NYSE:RVLV opened at $30.83 on Thursday. Revolve Group, Inc. has a twelve month low of $14.87 and a twelve month high of $39.58. The stock has a market cap of $2.18 billion, a P/E ratio of 55.05, a PEG ratio of 1.57 and a beta of 2.17. The business’s 50-day moving average price is $32.51 and its two-hundred day moving average price is $28.37.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. UBS Group boosted their price objective on Revolve Group from $25.00 to $30.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. BTIG Research upped their price target on shares of Revolve Group from $30.00 to $35.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. KeyCorp upgraded shares of Revolve Group from a “sector weight” rating to an “overweight” rating and set a $37.00 price objective for the company in a research note on Thursday, January 23rd. Stifel Nicolaus increased their target price on Revolve Group from $35.00 to $41.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Finally, Barclays upgraded Revolve Group from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $17.00 to $25.00 in a research report on Wednesday, November 6th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Revolve Group currently has an average rating of “Moderate Buy” and an average target price of $29.60.

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.