Stephens Investment Management Group LLC Has $19.42 Million Stock Position in Revolve Group, Inc. (NYSE:RVLV)

Stephens Investment Management Group LLC lowered its position in shares of Revolve Group, Inc. (NYSE:RVLV) by 8.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 579,761 shares of the company’s stock after selling 50,148 shares during the quarter. Stephens Investment Management Group LLC owned approximately 0.82% of Revolve Group worth $19,416,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Farther Finance Advisors LLC raised its position in shares of Revolve Group by 249.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,126 shares of the company’s stock valued at $28,000 after acquiring an additional 804 shares during the last quarter. Sugar Maple Asset Management LLC bought a new stake in Revolve Group in the fourth quarter valued at about $50,000. nVerses Capital LLC bought a new position in Revolve Group during the third quarter worth about $171,000. Dakota Wealth Management bought a new position in Revolve Group during the fourth quarter worth about $211,000. Finally, LMR Partners LLP acquired a new position in shares of Revolve Group during the 3rd quarter worth about $228,000. Institutional investors and hedge funds own 67.60% of the company’s stock.

Insider Buying and Selling

In related news, CEO Michael Mente sold 69,605 shares of the company’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $29.77, for a total transaction 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. This represents a 48.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders sold 700,184 shares of company stock worth $23,292,646. 46.56% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms recently weighed in on RVLV. TD Cowen lifted their price objective on shares of Revolve Group from $28.00 to $34.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. UBS Group boosted their price target on shares of Revolve Group from $25.00 to $30.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. BTIG Research upped their price objective on shares of Revolve Group from $30.00 to $35.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Morgan Stanley reiterated an “equal weight” rating and set a $26.00 target price (up from $17.00) on shares of Revolve Group in a report on Monday, October 21st. Finally, Robert W. Baird increased their price target on Revolve Group from $24.00 to $33.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Revolve Group has an average rating of “Moderate Buy” and a consensus price target of $29.60.

Revolve Group Stock Down 5.3 %

NYSE:RVLV opened at $29.33 on Monday. Revolve Group, Inc. has a twelve month low of $14.87 and a twelve month high of $39.58. The company has a market cap of $2.08 billion, a P/E ratio of 52.38, a price-to-earnings-growth ratio of 1.57 and a beta of 2.17. The business has a 50 day moving average price of $32.84 and a two-hundred day moving average price of $28.19.

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.