Koss Olinger Consulting LLC Decreases Stock Holdings in Revolve Group, Inc. (NYSE:RVLV)

Koss Olinger Consulting LLC reduced its holdings in shares of Revolve Group, Inc. (NYSE:RVLV) by 18.8% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 49,818 shares of the company’s stock after selling 11,507 shares during the period. Koss Olinger Consulting LLC’s holdings in Revolve Group were worth $1,668,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Polar Asset Management Partners Inc. acquired a new position in shares of Revolve Group during the third quarter worth $3,982,000. JPMorgan Chase & Co. lifted its position in shares of Revolve Group by 83.4% during the third quarter. JPMorgan Chase & Co. now owns 349,670 shares of the company’s stock worth $8,665,000 after purchasing an additional 158,960 shares in the last quarter. Madison Investment Advisors LLC acquired a new position in shares of Revolve Group during the fourth quarter worth $3,606,000. Picton Mahoney Asset Management acquired a new position in shares of Revolve Group during the fourth quarter worth $3,515,000. Finally, Principal Financial Group Inc. acquired a new position in shares of Revolve Group during the fourth quarter worth $3,250,000. 67.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on RVLV shares. Barclays boosted 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. Stifel Nicolaus reduced 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. BMO Capital Markets upped their price target on shares of Revolve Group from $15.00 to $19.00 and gave the company a “market perform” rating in a report on Wednesday, February 26th. Roth Mkm reaffirmed a “buy” rating and issued a $36.00 price target (up from $35.00) on shares of Revolve Group in a report on Wednesday, February 26th. Finally, KeyCorp raised shares of 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. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $30.53.

Revolve Group Stock Performance

Shares of NYSE:RVLV opened at $21.72 on Wednesday. The stock has a market capitalization of $1.55 billion, a price-to-earnings ratio of 38.79, a price-to-earnings-growth ratio of 1.48 and a beta of 2.25. Revolve Group, Inc. has a 1-year low of $14.87 and a 1-year high of $39.58. The company’s fifty day moving average is $28.50 and its two-hundred day moving average is $29.16.

Insiders Place Their Bets

In other news, CEO Michael Karanikolas sold 12,566 shares of the company’s stock in a transaction dated 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 approximately $3,190,620. This represents a 9.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael Mente sold 62,441 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now owns 73,000 shares of the company’s stock, valued at $2,496,600. This represents a 46.10 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 434,814 shares of company stock valued at $13,403,981. Company 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.