Venturi Wealth Management LLC Has $45,000 Position in Revolve Group, Inc. (NYSE:RVLV)

Venturi Wealth Management LLC lifted its holdings in Revolve Group, Inc. (NYSE:RVLV) by 1,302.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,346 shares of the company’s stock after acquiring an additional 1,250 shares during the period. Venturi Wealth Management LLC’s holdings in Revolve Group were worth $45,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. grew its stake in shares of Revolve Group by 83.4% in the third quarter. JPMorgan Chase & Co. now owns 349,670 shares of the company’s stock valued at $8,665,000 after acquiring an additional 158,960 shares in the last quarter. Harbor Capital Advisors Inc. raised its position in shares of Revolve Group by 46.1% in the third quarter. Harbor Capital Advisors Inc. now owns 107,148 shares of the company’s stock valued at $2,655,000 after buying an additional 33,812 shares in the last quarter. Lisanti Capital Growth LLC acquired a new stake in shares of Revolve Group in the third quarter valued at approximately $2,276,000. Farther Finance Advisors LLC raised its position in shares of Revolve Group by 249.7% in the third quarter. Farther Finance Advisors LLC now owns 1,126 shares of the company’s stock valued at $28,000 after buying an additional 804 shares in the last quarter. Finally, Barclays PLC grew its holdings in shares of Revolve Group by 156.7% during the 3rd quarter. Barclays PLC now owns 85,613 shares of the company’s stock worth $2,122,000 after purchasing an additional 52,257 shares in the last quarter. 67.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

RVLV has been the topic of several analyst reports. BTIG Research increased their target price on Revolve Group from $30.00 to $35.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Evercore ISI increased their target price on Revolve Group from $21.00 to $33.00 and gave the stock an “in-line” rating in a report on Wednesday, November 6th. Piper Sandler boosted their target price on shares of Revolve Group from $30.00 to $35.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. KeyCorp upgraded shares of Revolve Group from a “sector weight” rating to an “overweight” rating and set a $37.00 target price for the company in a research report on Thursday, January 23rd. Finally, TD Cowen boosted their target price on shares of Revolve Group from $28.00 to $34.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $29.60.

Insiders Place Their Bets

In related news, CEO Michael Mente sold 69,605 shares of Revolve Group 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 sale, the chief executive officer now directly owns 73,000 shares in the company, valued at $2,173,210. This trade represents a 48.81 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold a total of 687,778 shares of company stock valued at $22,364,908 in the last 90 days. Corporate insiders own 46.56% of the company’s stock.

Revolve Group Price Performance

Shares of Revolve Group stock opened at $28.53 on Wednesday. Revolve Group, Inc. has a fifty-two week low of $14.87 and a fifty-two week high of $39.58. The company’s 50 day moving average price is $31.28 and its two-hundred day moving average price is $29.08. The firm has a market capitalization of $2.02 billion, a P/E ratio of 50.94, a P/E/G ratio of 1.48 and a beta of 2.17.

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.