Cookson Peirce & Co. Inc. Buys Shares of 17,770 Revolve Group, Inc. (NYSE:RVLV)

Cookson Peirce & Co. Inc. bought a new stake in shares of Revolve Group, Inc. (NYSE:RVLV) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 17,770 shares of the company’s stock, valued at approximately $595,000.

A number of other hedge funds have also made changes to their positions in RVLV. Polar Asset Management Partners Inc. acquired a new position in shares of Revolve Group during the third quarter valued at approximately $3,982,000. JPMorgan Chase & Co. raised its holdings 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 valued at $8,665,000 after acquiring an additional 158,960 shares during the last quarter. Principal Financial Group Inc. acquired a new position in shares of Revolve Group during the fourth quarter valued at approximately $3,250,000. Lisanti Capital Growth LLC acquired a new position in shares of Revolve Group during the third quarter valued at approximately $2,276,000. Finally, Maverick Capital Ltd. acquired a new position in shares of Revolve Group during the third quarter valued at approximately $2,165,000. Institutional investors and hedge funds own 67.60% of the company’s stock.

Insider Transactions at Revolve Group

In other news, CEO Michael Mente sold 76,835 shares of the firm’s stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $34.14, for a total transaction of $2,623,146.90. Following the completion of the transaction, the chief executive officer now directly owns 73,000 shares in the company, valued at $2,492,220. This trade represents a 51.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Michael Karanikolas sold 12,566 shares of the firm’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 transaction, the chief executive officer now owns 123,000 shares of the company’s stock, valued at approximately $3,190,620. This represents a 9.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 511,649 shares of company stock worth $16,027,128 over the last ninety days. Company insiders own 46.56% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on RVLV. Robert W. Baird increased their price target on Revolve Group from $24.00 to $33.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Piper Sandler increased their price target on Revolve Group from $30.00 to $35.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. TD Cowen increased their price target on Revolve Group from $28.00 to $34.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. BMO Capital Markets increased their price target on Revolve Group from $15.00 to $19.00 and gave the company a “market perform” rating in a report on Wednesday, February 26th. Finally, 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 report on Wednesday, February 26th. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Revolve Group presently has an average rating of “Moderate Buy” and an average price target of $30.57.

Revolve Group Stock Performance

Shares of Revolve Group stock opened at $24.33 on Thursday. The firm has a market capitalization of $1.72 billion, a price-to-earnings ratio of 43.44, a PEG ratio of 1.48 and a beta of 2.25. Revolve Group, Inc. has a fifty-two week low of $14.87 and a fifty-two week high of $39.58. The stock has a 50 day moving average of $30.28 and a 200 day moving average of $29.15.

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.