Analysts Set Revolve Group, Inc. (NYSE:RVLV) Target Price at $30.57

Revolve Group, Inc. (NYSE:RVLV) has earned an average rating of “Moderate Buy” from the fourteen analysts that are presently covering the stock, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $30.57.

Several research firms recently commented on RVLV. Roth Mkm reiterated a “buy” rating and issued a $36.00 target price (up from $35.00) on shares of Revolve Group in a research note on Wednesday, February 26th. BMO Capital Markets upped their price objective on shares of Revolve Group from $15.00 to $19.00 and gave the company a “market perform” rating in a research note on Wednesday, February 26th. KeyCorp upgraded shares of Revolve Group from a “sector weight” rating to an “overweight” rating and set a $37.00 price objective on the stock in a report on Thursday, January 23rd. 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 report on Wednesday, February 26th. Finally, Barclays increased 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.

Revolve Group Stock Performance

Shares of RVLV opened at $24.59 on Friday. Revolve Group has a fifty-two week low of $14.87 and a fifty-two week high of $39.58. The company has a market capitalization of $1.75 billion, a PE ratio of 43.90, a price-to-earnings-growth ratio of 1.48 and a beta of 2.25. The stock has a fifty day moving average of $29.52 and a two-hundred day moving average of $29.19.

Insider Buying and Selling

In other Revolve Group news, CEO Michael Mente sold 62,441 shares of the business’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $34.20, for a total value of $2,135,482.20. Following the transaction, the chief executive officer now owns 73,000 shares in the company, valued at $2,496,600. The trade was a 46.10 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Michael Karanikolas sold 12,566 shares of the company’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $25.94, for a total transaction of $325,962.04. Following the completion of the transaction, the chief executive officer now directly owns 123,000 shares of the company’s stock, valued at approximately $3,190,620. The trade was a 9.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 511,649 shares of company stock valued at $16,027,128. Company insiders own 46.56% of the company’s stock.

Institutional Trading of Revolve Group

A number of hedge funds and other institutional investors have recently modified their holdings of RVLV. Castlekeep Investment Advisors LLC purchased a new stake in Revolve Group during the 4th quarter worth approximately $65,000. Neo Ivy Capital Management acquired a new stake in shares of Revolve Group during the fourth quarter worth approximately $156,000. Castleark Management LLC bought a new stake in shares of Revolve Group in the fourth quarter worth $4,488,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Revolve Group by 25.3% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 98,920 shares of the company’s stock valued at $3,313,000 after acquiring an additional 19,965 shares in the last quarter. Finally, Woodline Partners LP bought a new position in Revolve Group during the 4th quarter valued at $6,477,000. 67.60% of the stock is 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.