Fox Run Management L.L.C. Takes Position in Revolve Group, Inc. (NYSE:RVLV)

Fox Run Management L.L.C. acquired a new stake in shares of Revolve Group, Inc. (NYSE:RVLV) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 11,004 shares of the company’s stock, valued at approximately $369,000.

Several other institutional investors have also bought and sold shares of the stock. Thrivent Financial for Lutherans acquired a new stake in shares of Revolve Group in the 3rd quarter worth approximately $1,509,000. Intech Investment Management LLC bought a new stake in Revolve Group during the third quarter worth approximately $241,000. Charles Schwab Investment Management Inc. lifted its position in Revolve Group by 0.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 315,213 shares of the company’s stock worth $7,811,000 after purchasing an additional 2,963 shares during the period. Maverick Capital Ltd. bought a new position in Revolve Group during the 3rd quarter valued at $2,165,000. Finally, Centiva Capital LP increased its position in shares of Revolve Group by 238.3% during the 3rd quarter. Centiva Capital LP now owns 56,133 shares of the company’s stock valued at $1,391,000 after purchasing an additional 39,538 shares during the period. Institutional investors and hedge funds own 67.60% of the company’s stock.

Revolve Group Price Performance

NYSE:RVLV opened at $22.83 on Thursday. The stock’s 50-day moving average is $27.66 and its two-hundred day moving average is $29.14. The stock has a market cap of $1.63 billion, a PE ratio of 40.76, a price-to-earnings-growth ratio of 1.48 and a beta of 2.25. Revolve Group, Inc. has a fifty-two week low of $14.87 and a fifty-two week high of $39.58.

Analyst Ratings Changes

RVLV has been the subject of several research analyst reports. KeyCorp upgraded Revolve Group from a “sector weight” rating to an “overweight” rating and set a $37.00 price objective for the company in a report on Thursday, January 23rd. Roth Mkm restated a “buy” rating and set a $36.00 price objective (up previously from $35.00) on shares of Revolve Group in a research report on Wednesday, February 26th. Barclays lifted 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 note 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 target price for the company in a research note on Friday, March 14th. Finally, BMO Capital Markets lifted their price target on shares of Revolve Group from $15.00 to $19.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 26th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Revolve Group presently has a consensus rating of “Moderate Buy” and an average price target of $30.53.

Insider Activity at Revolve Group

In other Revolve Group news, CEO Michael Mente sold 69,605 shares of the business’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $29.77, for a total value of $2,072,140.85. Following the transaction, the chief executive officer now owns 73,000 shares in the company, valued at $2,173,210. The trade was a 48.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Michael Karanikolas sold 12,566 shares of the company’s 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 in the company, valued at approximately $3,190,620. The trade was a 9.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 372,373 shares of company stock valued at $11,268,499. Corporate insiders own 46.56% of the company’s stock.

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.