Revolve Group (NYSE:RVLV - Get Free Report) had its price objective increased by BMO Capital Markets from $15.00 to $19.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has a "market perform" rating on the stock. BMO Capital Markets' price target would indicate a potential downside of 28.44% from the stock's current price.
A number of other research analysts also recently commented on the company. TD Cowen increased their target price on Revolve Group from $28.00 to $34.00 and gave the stock a "buy" rating in a report on Wednesday, November 6th. Barclays raised their price target on Revolve Group from $25.00 to $26.00 and gave the stock an "equal weight" rating in a report on Wednesday. Piper Sandler raised their price target on Revolve Group from $30.00 to $35.00 and gave the stock an "overweight" rating in a report on Wednesday, November 6th. Evercore ISI raised their price target on Revolve Group from $21.00 to $33.00 and gave the stock an "in-line" rating in a report on Wednesday, November 6th. Finally, Roth Mkm reissued a "buy" rating and issued a $35.00 price target (up previously from $29.00) on shares of Revolve Group in a report on Wednesday, November 6th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $30.57.
Read Our Latest Analysis on Revolve Group
Revolve Group Stock Up 1.1 %
NYSE:RVLV traded up $0.30 during trading hours on Wednesday, reaching $26.55. 1,406,890 shares of the stock were exchanged, compared to its average volume of 1,278,054. The firm has a 50 day simple moving average of $30.84 and a 200-day simple moving average of $29.07. Revolve Group has a 52 week low of $14.87 and a 52 week high of $39.58. The stock has a market capitalization of $1.88 billion, a P/E ratio of 47.41, a P/E/G ratio of 1.48 and a beta of 2.17.
Insider Activity at Revolve Group
In other news, CEO Michael Mente sold 67,118 shares of Revolve Group stock in a transaction on Friday, February 14th. The stock was sold at an average price of $30.91, for a total transaction of $2,074,617.38. Following the transaction, the chief executive officer now directly owns 73,000 shares in the company, valued at approximately $2,256,430. This trade represents a 47.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 687,778 shares of company stock worth $22,364,908 in the last three months. 46.56% of the stock is owned by company insiders.
Hedge Funds Weigh In On Revolve Group
Hedge funds have recently modified their holdings of the stock. Farther Finance Advisors LLC grew its holdings in shares of Revolve Group by 249.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,126 shares of the company's stock worth $28,000 after acquiring an additional 804 shares during the last quarter. Venturi Wealth Management LLC grew its holdings in shares of 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 acquiring an additional 1,250 shares during the last quarter. Sugar Maple Asset Management LLC acquired a new position in shares of Revolve Group in the 4th quarter worth $50,000. Castlekeep Investment Advisors LLC acquired a new position in shares of Revolve Group in the 4th quarter worth $65,000. Finally, Northwest & Ethical Investments L.P. acquired a new stake in shares of Revolve Group in the fourth quarter worth $87,000. 67.60% of the stock is currently owned by institutional investors and hedge funds.
About Revolve Group
(
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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.
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