Harvest Fund Management Co. Ltd Makes New $117,000 Investment in Revolve Group, Inc. (NYSE:RVLV)

Harvest Fund Management Co. Ltd acquired a new position in Revolve Group, Inc. (NYSE:RVLV) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 3,507 shares of the company’s stock, valued at approximately $117,000.

Other hedge funds have also added to or reduced their stakes in the company. Venturi Wealth Management LLC raised its position 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 worth $45,000 after acquiring an additional 1,250 shares during the period. Sugar Maple Asset Management LLC bought a new stake in shares of Revolve Group in the fourth quarter valued at approximately $50,000. AlphaQuest LLC raised its position in shares of 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 purchasing an additional 396 shares during the period. Dakota Wealth Management bought a new stake in shares of Revolve Group in the fourth quarter valued at approximately $211,000. Finally, Cornerstone Investment Partners LLC bought a new stake in shares of Revolve Group in the fourth quarter valued at approximately $218,000. Institutional investors own 67.60% of the company’s stock.

Insiders Place Their Bets

In other Revolve Group news, CEO Michael Karanikolas sold 12,566 shares of the business’s stock in a transaction that occurred 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. The trade was a 9.27 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Michael Mente sold 44,962 shares of the company’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $30.93, for a total transaction of $1,390,674.66. Following the completion of the sale, the chief executive officer now directly owns 73,000 shares of the company’s stock, valued at $2,257,890. This trade represents a 38.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 372,373 shares of company stock valued at $11,268,499 in the last quarter. Corporate insiders own 46.56% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on RVLV. Roth Mkm reissued a “buy” rating and issued a $36.00 price target (up previously from $35.00) on shares of Revolve Group in a research report on Wednesday, February 26th. Jefferies Financial Group raised shares of Revolve Group from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research report on Friday, March 14th. Barclays boosted their price target on shares of Revolve Group from $25.00 to $26.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 26th. Stifel Nicolaus decreased their target price on shares of Revolve Group from $41.00 to $40.00 and set a “buy” rating on the stock in a report on Wednesday, February 26th. Finally, BMO Capital Markets upped their target price on shares of Revolve Group from $15.00 to $19.00 and gave the stock a “market perform” rating in a report on Wednesday, February 26th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Revolve Group currently has an average rating of “Moderate Buy” and an average price target of $30.53.

Revolve Group Price Performance

RVLV stock opened at $22.14 on Friday. Revolve Group, Inc. has a one year low of $14.87 and a one year high of $39.58. The stock has a market cap of $1.58 billion, a PE ratio of 39.53, a P/E/G ratio of 1.48 and a beta of 2.25. The firm has a 50 day simple moving average of $28.02 and a two-hundred day simple moving average of $29.10.

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.