Revolve Group (NYSE:RVLV) Price Target Raised to $26.00 at Barclays

Revolve Group (NYSE:RVLV - Get Free Report) had its price target upped by research analysts at Barclays from $25.00 to $26.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has an "equal weight" rating on the stock. Barclays's price objective indicates a potential downside of 2.07% from the company's previous close.

A number of other research firms also recently commented on RVLV. Stifel Nicolaus increased their price objective on shares of Revolve Group from $35.00 to $41.00 and gave the company a "buy" rating in a research note on Wednesday, December 11th. Evercore ISI increased their price objective on shares of Revolve Group from $21.00 to $33.00 and gave the company an "in-line" rating in a research note on Wednesday, November 6th. TD Cowen increased their price objective on shares of Revolve Group from $28.00 to $34.00 and gave the company a "buy" rating in a research note on Wednesday, November 6th. 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 research note on Thursday, January 23rd. Finally, Robert W. Baird raised their price target on shares of Revolve Group from $24.00 to $33.00 and gave the stock a "neutral" rating in a research report on Wednesday, November 6th. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $30.57.

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Revolve Group Trading Up 1.1 %

NYSE RVLV traded up $0.30 during trading hours on Wednesday, reaching $26.55. 1,406,890 shares of the company traded hands, compared to its average volume of 1,278,054. Revolve Group has a 12 month low of $14.87 and a 12 month high of $39.58. The stock has a market capitalization of $1.88 billion, a PE ratio of 47.41, a PEG ratio of 1.48 and a beta of 2.17. The company has a 50 day moving average of $30.84 and a two-hundred day moving average of $29.07.

Insider Buying and Selling

In other Revolve Group news, CEO Michael Mente sold 98,429 shares of the firm's stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $34.87, for a total transaction of $3,432,219.23. Following the transaction, the chief executive officer now owns 123,000 shares of the company's stock, valued at approximately $4,289,010. This trade represents a 44.45 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 687,778 shares of company stock valued at $22,364,908 in the last quarter. Company insiders own 46.56% of the company's stock.

Hedge Funds Weigh In On Revolve Group

Large investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC increased its stake in Revolve Group by 249.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,126 shares of the company's stock valued at $28,000 after buying an additional 804 shares during the period. Venturi Wealth Management LLC increased its stake in 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 buying an additional 1,250 shares during the period. Sugar Maple Asset Management LLC acquired a new position in Revolve Group during the 4th quarter valued at about $50,000. Castlekeep Investment Advisors LLC acquired a new position in Revolve Group during the 4th quarter valued at about $65,000. Finally, Northwest & Ethical Investments L.P. acquired a new position in Revolve Group during the 4th quarter valued at about $87,000. Institutional investors and hedge funds own 67.60% of the company's stock.

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.