Revolve Group (NYSE:RVLV) Price Target Lowered to $22.00 at Piper Sandler

Revolve Group (NYSE:RVLV - Get Free Report) had its target price reduced by analysts at Piper Sandler from $35.00 to $22.00 in a research note issued on Friday,Benzinga reports. The firm presently has an "overweight" rating on the stock. Piper Sandler's price target would suggest a potential upside of 12.47% from the stock's previous close.

A number of other brokerages have also recently weighed in on RVLV. Barclays increased their target price on shares of Revolve Group from $25.00 to $26.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 26th. Stifel Nicolaus cut their price target on Revolve Group from $40.00 to $28.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Roth Mkm restated a "buy" rating and set a $36.00 price objective (up from $35.00) on shares of Revolve Group in a research note on Wednesday, February 26th. BMO Capital Markets raised their target price on Revolve Group from $15.00 to $19.00 and gave the company a "market perform" rating 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 price objective on the stock in a research report on Thursday, January 23rd. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $28.87.

Revolve Group Stock Down 2.8 %

Shares of RVLV traded down $0.56 during mid-day trading on Friday, hitting $19.56. The stock had a trading volume of 286,615 shares, compared to its average volume of 1,091,280. 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 cap of $1.39 billion, a PE ratio of 34.93, a PEG ratio of 1.48 and a beta of 2.10. The company's fifty day simple moving average is $24.39 and its two-hundred day simple moving average is $28.70.

Insider Buying and Selling at Revolve Group

In other Revolve Group news, CEO Michael Mente sold 44,962 shares of Revolve Group stock in a transaction on Monday, January 27th. The shares were sold at an average price of $30.93, for a total transaction of $1,390,674.66. Following the completion of the sale, the chief executive officer now owns 73,000 shares of the company's stock, valued at $2,257,890. This trade represents a 38.12 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Michael Karanikolas sold 12,566 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $25.94, for a total value of $325,962.04. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 256,781 shares of company stock valued at $7,793,755 in the last 90 days. 46.56% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. HighTower Advisors LLC acquired a new stake in shares of Revolve Group in the third quarter worth $250,000. Barclays PLC raised its holdings in Revolve Group by 156.7% in the 3rd quarter. Barclays PLC now owns 85,613 shares of the company's stock worth $2,122,000 after acquiring an additional 52,257 shares during the period. Franklin Resources Inc. boosted its holdings in Revolve Group by 6.9% during the third quarter. Franklin Resources Inc. now owns 27,195 shares of the company's stock valued at $699,000 after acquiring an additional 1,753 shares during the period. JPMorgan Chase & Co. grew its position in shares of Revolve Group by 83.4% in the third quarter. JPMorgan Chase & Co. now owns 349,670 shares of the company's stock valued at $8,665,000 after purchasing an additional 158,960 shares during the last quarter. Finally, Sugar Maple Asset Management LLC acquired a new position in shares of Revolve Group during the 4th quarter worth about $50,000. 67.60% of the stock is owned by institutional investors.

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.