Lisanti Capital Growth LLC Has $3.38 Million Position in Revolve Group, Inc. (NYSE:RVLV)

Lisanti Capital Growth LLC grew its stake in Revolve Group, Inc. (NYSE:RVLV) by 9.8% during the fourth quarter, HoldingsChannel reports. The firm owned 100,875 shares of the company’s stock after buying an additional 9,030 shares during the quarter. Lisanti Capital Growth LLC’s holdings in Revolve Group were worth $3,378,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Farther Finance Advisors LLC boosted its stake in shares of Revolve Group by 249.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,126 shares of the company’s stock valued at $28,000 after purchasing an additional 804 shares in the last quarter. Venturi Wealth Management LLC boosted its position in Revolve Group by 1,302.1% during the 4th quarter. Venturi Wealth Management LLC now owns 1,346 shares of the company’s stock worth $45,000 after buying an additional 1,250 shares during the period. Sugar Maple Asset Management LLC acquired a new stake in Revolve Group during the 4th quarter worth approximately $50,000. Dakota Wealth Management acquired a new stake in Revolve Group during the 4th quarter worth approximately $211,000. Finally, Cornerstone Investment Partners LLC acquired a new stake in Revolve Group during the 4th quarter worth approximately $218,000. 67.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently commented on RVLV. Roth Mkm reiterated a “buy” rating and set a $36.00 target price (up from $35.00) on shares of Revolve Group in a research report on Wednesday, February 26th. Barclays lifted their target price on shares of Revolve Group from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 26th. KeyCorp upgraded shares of Revolve Group from a “sector weight” rating to an “overweight” rating and set a $37.00 target price on the stock in a research report on Thursday, January 23rd. BMO Capital Markets lifted their target price 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. Finally, Stifel Nicolaus cut their target price on shares of Revolve Group from $41.00 to $40.00 and set a “buy” rating on the stock in a research report on Wednesday, February 26th. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $30.57.

Revolve Group Stock Down 5.5 %

NYSE:RVLV opened at $22.94 on Friday. The company has a fifty day moving average of $30.08 and a 200-day moving average of $29.10. The firm has a market capitalization of $1.62 billion, a P/E ratio of 40.97, a P/E/G ratio of 1.48 and a beta of 2.25. Revolve Group, Inc. has a twelve month low of $14.87 and a twelve month high of $39.58.

Insider Activity

In other Revolve Group news, CEO Michael Karanikolas sold 12,566 shares of the business’s stock in a transaction 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 sale, the chief executive officer now owns 123,000 shares in the company, valued at approximately $3,190,620. The trade was a 9.27 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Michael Mente sold 76,835 shares of the business’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $34.14, for a total transaction of $2,623,146.90. Following the sale, the chief executive officer now owns 73,000 shares of the company’s stock, valued at $2,492,220. This trade represents a 51.28 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 511,649 shares of company stock worth $16,027,128 in the last quarter. 46.56% of the stock is owned by corporate insiders.

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.