Polen Capital Management LLC Cuts Stock Holdings in Revolve Group, Inc. (NYSE:RVLV)

Polen Capital Management LLC decreased its holdings in shares of Revolve Group, Inc. (NYSE:RVLV) by 24.4% in the 4th quarter, Holdings Channel reports. The firm owned 304,529 shares of the company’s stock after selling 98,291 shares during the period. Polen Capital Management LLC’s holdings in Revolve Group were worth $10,199,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Venturi Wealth Management LLC grew its holdings in shares of Revolve Group by 1,302.1% during the fourth quarter. Venturi Wealth Management LLC now owns 1,346 shares of the company’s stock worth $45,000 after purchasing an additional 1,250 shares in the last quarter. Sugar Maple Asset Management LLC purchased a new position in shares of Revolve Group during the fourth quarter worth about $50,000. AlphaQuest LLC grew its holdings in shares of Revolve Group by 7.7% during the fourth quarter. AlphaQuest LLC now owns 5,535 shares of the company’s stock worth $185,000 after purchasing an additional 396 shares in the last quarter. Dakota Wealth Management purchased a new stake in Revolve Group in the fourth quarter worth approximately $211,000. Finally, Cornerstone Investment Partners LLC purchased a new stake in Revolve Group in the fourth quarter worth approximately $218,000. Hedge funds and other institutional investors own 67.60% of the company’s stock.

Revolve Group Stock Up 4.7 %

Shares of RVLV stock opened at $22.27 on Monday. The stock has a fifty day moving average of $28.86 and a 200 day moving average of $29.17. Revolve Group, Inc. has a 52 week low of $14.87 and a 52 week high of $39.58. The firm has a market capitalization of $1.59 billion, a price-to-earnings ratio of 39.76, a PEG ratio of 1.48 and a beta of 2.25.

Analyst Ratings Changes

Several brokerages have issued reports on RVLV. KeyCorp raised Revolve Group from a “sector weight” rating to an “overweight” rating and set a $37.00 target price for the company in a research note on Thursday, January 23rd. Roth Mkm reaffirmed a “buy” rating and issued a $36.00 target price (up previously from $35.00) on shares of Revolve Group in a research note on Wednesday, February 26th. BMO Capital Markets upped their target price on Revolve Group from $15.00 to $19.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 26th. Stifel Nicolaus cut their target price on Revolve Group from $41.00 to $40.00 and set a “buy” rating for the company in a research note on Wednesday, February 26th. Finally, Barclays upped 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 research 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, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $30.53.

Insider Buying and Selling

In other Revolve Group news, CEO Michael Mente sold 62,441 shares of the firm’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of $34.20, for a total transaction of $2,135,482.20. Following the completion of the transaction, the chief executive officer now owns 73,000 shares of the company’s stock, valued at approximately $2,496,600. This trade represents a 46.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Michael Karanikolas sold 12,566 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now directly owns 123,000 shares of the company’s stock, valued at $3,190,620. This represents a 9.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 511,649 shares of company stock valued at $16,027,128 over the last quarter. 46.56% of the stock is owned by company insiders.

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.