Revolve Group, Inc. (NYSE:RVLV) Receives $30.53 Consensus Price Target from Brokerages

Revolve Group, Inc. (NYSE:RVLV) has received a consensus recommendation of “Moderate Buy” from the fifteen brokerages that are presently covering the firm, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $30.53.

Several analysts recently commented on the company. KeyCorp upgraded Revolve Group from a “sector weight” rating to an “overweight” rating and set a $37.00 target price on the stock in a report on Thursday, January 23rd. Barclays upped their price objective on shares of Revolve Group from $25.00 to $26.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 26th. Stifel Nicolaus lowered their target price on shares of Revolve Group from $41.00 to $40.00 and set a “buy” rating for the company 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 target on the stock in a research report on Friday, March 14th. Finally, BMO Capital Markets lifted their price objective on Revolve Group from $15.00 to $19.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 26th.

Insider Activity at Revolve Group

In related news, CEO Michael Karanikolas sold 12,566 shares of Revolve Group stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $25.94, for a total transaction of $325,962.04. Following the transaction, the chief executive officer now owns 123,000 shares of the company’s stock, valued at $3,190,620. The trade was a 9.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael Mente sold 69,605 shares of the firm’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $29.77, for a total value of $2,072,140.85. Following the transaction, the chief executive officer now owns 73,000 shares in the company, valued at approximately $2,173,210. This trade represents a 48.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 372,373 shares of company stock valued at $11,268,499. 46.56% of the stock is owned by company insiders.

Institutional Trading of Revolve Group

Several institutional investors and hedge funds have recently made changes to their positions in RVLV. Venturi Wealth Management LLC grew its position in Revolve Group by 1,302.1% in the 4th quarter. Venturi Wealth Management LLC now owns 1,346 shares of the company’s stock worth $45,000 after purchasing an additional 1,250 shares in the last quarter. Sugar Maple Asset Management LLC bought a new position in shares of Revolve Group in the fourth quarter valued at approximately $50,000. Castlekeep Investment Advisors LLC bought a new position in shares of Revolve Group in the fourth quarter valued at approximately $65,000. Northwest & Ethical Investments L.P. purchased a new stake in shares of Revolve Group during the fourth quarter valued at approximately $87,000. Finally, Harvest Fund Management Co. Ltd bought a new stake in Revolve Group during the fourth quarter worth $117,000. Hedge funds and other institutional investors own 67.60% of the company’s stock.

Revolve Group Stock Down 15.9 %

NYSE RVLV opened at $18.87 on Tuesday. The company has a market capitalization of $1.34 billion, a price-to-earnings ratio of 33.69, a PEG ratio of 1.48 and a beta of 2.10. The stock has a fifty day simple moving average of $26.60 and a 200 day simple moving average of $29.05. Revolve Group has a twelve month low of $14.87 and a twelve month high of $39.58.

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.