Bank of New York Mellon Corp Lowers Position in Revolve Group, Inc. (NYSE:RVLV)

Bank of New York Mellon Corp decreased its stake in shares of Revolve Group, Inc. (NYSE:RVLV) by 10.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 111,630 shares of the company’s stock after selling 12,684 shares during the quarter. Bank of New York Mellon Corp owned about 0.16% of Revolve Group worth $3,738,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of RVLV. Venturi Wealth Management LLC increased its position in shares of Revolve Group by 1,302.1% during 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 purchased a new position in Revolve Group during the fourth quarter worth $50,000. Dakota Wealth Management bought a new position in Revolve Group during the fourth quarter valued at $211,000. Janney Montgomery Scott LLC purchased a new stake in shares of Revolve Group in the fourth quarter valued at $275,000. Finally, LMR Partners LLP bought a new stake in shares of Revolve Group in the 3rd quarter worth about $228,000. 67.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on RVLV shares. Stifel Nicolaus decreased their target price on Revolve Group from $41.00 to $40.00 and set a “buy” rating for the company in a research report on Wednesday, February 26th. Roth Mkm reaffirmed a “buy” rating and issued a $36.00 price target (up previously from $35.00) on shares of Revolve Group in a research note on Wednesday, February 26th. Jefferies Financial Group raised shares of Revolve Group from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a research report on Friday, March 14th. BMO Capital Markets upped 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 note 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 for the company in a research note on Thursday, January 23rd. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $30.53.

Revolve Group Stock Down 2.9 %

Shares of NYSE:RVLV opened at $21.72 on Wednesday. The company 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. The company has a 50 day moving average of $28.50 and a two-hundred day moving average of $29.16. Revolve Group, Inc. has a 52-week low of $14.87 and a 52-week high of $39.58.

Insider Transactions at Revolve Group

In other Revolve Group news, CEO Michael Mente sold 44,962 shares of the firm’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $30.93, for a total transaction of $1,390,674.66. Following the transaction, the chief executive officer now owns 73,000 shares of the company’s stock, valued at approximately $2,257,890. This trade represents a 38.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Michael Karanikolas sold 12,566 shares of the business’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $25.94, for a total value of $325,962.04. Following the completion of the sale, the chief executive officer now directly owns 123,000 shares in the company, valued at $3,190,620. This represents a 9.27 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 434,814 shares of company stock valued at $13,403,981. Insiders own 46.56% of the company’s stock.

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.