Landscape Capital Management L.L.C. Takes $598,000 Position in Revolve Group, Inc. (NYSE:RVLV)

Landscape Capital Management L.L.C. purchased a new stake in Revolve Group, Inc. (NYSE:RVLV) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 17,869 shares of the company’s stock, valued at approximately $598,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in RVLV. Venturi Wealth Management LLC lifted its stake in shares of Revolve Group by 1,302.1% in the 4th quarter. Venturi Wealth Management LLC now owns 1,346 shares of the company’s stock valued at $45,000 after purchasing an additional 1,250 shares during the last quarter. Sugar Maple Asset Management LLC bought a new stake in Revolve Group in the fourth quarter worth $50,000. Northwest & Ethical Investments L.P. purchased a new position in Revolve Group during the fourth quarter worth $87,000. Harvest Fund Management Co. Ltd purchased a new position in Revolve Group during the fourth quarter worth $117,000. Finally, AlphaQuest LLC raised its stake 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 acquiring an additional 396 shares during the period. Hedge funds and other institutional investors own 67.60% of the company’s stock.

Revolve Group Stock Down 0.5 %

Revolve Group stock opened at $18.81 on Monday. The firm has a market cap of $1.34 billion, a P/E ratio of 33.58, a P/E/G ratio of 1.48 and a beta of 2.10. The business has a fifty day moving average of $26.34 and a two-hundred day moving average of $29.07. Revolve Group, Inc. has a twelve month low of $14.87 and a twelve month high of $39.58.

Insider Buying and Selling

In related 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 transaction of $325,962.04. Following the completion of the transaction, the chief executive officer now owns 123,000 shares in the company, valued at $3,190,620. The trade was a 9.27 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Michael Mente sold 69,605 shares of the firm’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $29.77, for a total transaction of $2,072,140.85. Following the completion of the sale, the chief executive officer now owns 73,000 shares of the company’s stock, valued at approximately $2,173,210. This trade represents a 48.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 372,373 shares of company stock worth $11,268,499 in the last three months. 46.56% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms recently commented on RVLV. 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 note on Wednesday, February 26th. Jefferies Financial Group upgraded Revolve Group from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a research report on Friday, March 14th. KeyCorp upgraded Revolve Group from a “sector weight” rating to an “overweight” rating and set a $37.00 price target on the stock 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 report on Wednesday, February 26th. Finally, Barclays increased their target price on Revolve Group from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 26th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $30.53.

Revolve Group 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.