Jefferies Financial Group Upgrades Revolve Group (NYSE:RVLV) to Buy

Revolve Group (NYSE:RVLV) was upgraded by research analysts at Jefferies Financial Group from a “hold” rating to a “buy” rating in a research report issued on Friday, MarketBeat Ratings reports. The firm presently has a $30.00 target price on the stock. Jefferies Financial Group’s price objective points to a potential upside of 34.74% from the stock’s current price.

Other equities analysts have also recently issued research reports about the stock. Barclays upped their price target on shares of Revolve Group from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 26th. Stifel Nicolaus dropped their price target on shares of Revolve Group from $41.00 to $40.00 and set a “buy” rating on the stock in a research note 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 stock a “market perform” rating in a research note on Wednesday, February 26th. Roth Mkm reiterated 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. Finally, 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 note on Thursday, January 23rd. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Revolve Group has an average rating of “Moderate Buy” and an average price target of $30.53.

Revolve Group Price Performance

NYSE:RVLV opened at $22.27 on Friday. The firm’s 50-day moving average price is $28.86 and its 200-day moving average price is $29.13. The company has a market capitalization of $1.59 billion, a PE ratio of 39.76, a P/E/G ratio of 1.48 and a beta of 2.25. Revolve Group has a 1-year low of $14.87 and a 1-year high of $39.58.

Insider Activity

In related news, CEO Michael Karanikolas sold 12,566 shares of the company’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $25.94, for a total value of $325,962.04. Following the completion of 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 position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Michael Mente sold 62,441 shares of the stock in a transaction dated Friday, December 20th. The shares were 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 directly owns 73,000 shares of the company’s stock, valued at $2,496,600. This trade represents a 46.10 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 511,649 shares of company stock valued at $16,027,128 in the last 90 days. Company insiders own 46.56% of the company’s stock.

Institutional Trading of Revolve Group

Several hedge funds have recently made changes to their positions in the business. FMR LLC raised its position in shares of Revolve Group by 0.7% during the 4th quarter. FMR LLC now owns 5,743,151 shares of the company’s stock valued at $192,338,000 after buying an additional 38,694 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Revolve Group by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 3,832,207 shares of the company’s stock valued at $128,341,000 after purchasing an additional 65,602 shares in the last quarter. Balyasny Asset Management L.P. boosted its stake in shares of Revolve Group by 596.9% during the fourth quarter. Balyasny Asset Management L.P. now owns 795,607 shares of the company’s stock valued at $26,645,000 after purchasing an additional 681,451 shares in the last quarter. Driehaus Capital Management LLC bought a new position in shares of Revolve Group during the fourth quarter valued at approximately $14,531,000. Finally, Wells Fargo & Company MN boosted its stake in shares of Revolve Group by 1.2% during the fourth quarter. Wells Fargo & Company MN now owns 411,738 shares of the company’s stock valued at $13,789,000 after purchasing an additional 4,946 shares in the last quarter. 67.60% of the stock is currently owned by hedge funds and other institutional investors.

Revolve Group Company 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.