Brokerages Set Revolve Group, Inc. (NYSE:RVLV) Target Price at $28.53

Revolve Group, Inc. (NYSE:RVLV - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the fifteen analysts that are covering the firm, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $28.53.

A number of analysts have issued reports on the company. Stifel Nicolaus lowered their target price on Revolve Group from $40.00 to $28.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Piper Sandler cut their target price on shares of Revolve Group from $35.00 to $22.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. BMO Capital Markets boosted their price objective on shares of Revolve Group from $15.00 to $19.00 and gave the stock a "market perform" rating in a report on Wednesday, February 26th. Jefferies Financial Group raised Revolve Group from a "hold" rating to a "buy" rating and set a $30.00 target price for the company in a report on Friday, March 14th. Finally, Morgan Stanley decreased their price target on Revolve Group from $29.00 to $21.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 17th.

Revolve Group Stock Up 1.2 %

Shares of NYSE:RVLV traded up $0.24 during trading on Friday, reaching $20.71. The stock had a trading volume of 942,848 shares, compared to its average volume of 1,103,417. The stock has a fifty day simple moving average of $22.46 and a two-hundred day simple moving average of $28.44. The firm has a market capitalization of $1.48 billion, a price-to-earnings ratio of 36.98, a P/E/G ratio of 1.48 and a beta of 2.10. Revolve Group has a 52 week low of $14.87 and a 52 week high of $39.58.

Insider Activity at Revolve Group

In other news, CEO Michael Mente sold 67,118 shares of the firm's stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $30.91, for a total value of $2,074,617.38. Following the transaction, the chief executive officer now owns 73,000 shares of the company's stock, 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 is available through this hyperlink. Also, CEO Michael Karanikolas sold 12,566 shares of the business's 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 sale, the chief executive officer now directly owns 123,000 shares of the company's stock, valued at approximately $3,190,620. This trade represents a 9.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 211,819 shares of company stock valued at $6,403,080 over the last quarter. Corporate insiders own 46.56% of the company's stock.

Hedge Funds Weigh In On Revolve Group

A number of hedge funds and other institutional investors have recently bought and sold shares of RVLV. Venturi Wealth Management LLC lifted its stake 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 valued at $45,000 after purchasing an additional 1,250 shares during the period. Sugar Maple Asset Management LLC bought a new stake in Revolve Group in the fourth quarter valued at about $50,000. Castlekeep Investment Advisors LLC acquired a new position in Revolve Group in the fourth quarter valued at about $65,000. Northwest & Ethical Investments L.P. acquired a new position in Revolve Group in the fourth quarter valued at about $87,000. Finally, Harvest Fund Management Co. Ltd bought a new position in Revolve Group during the fourth quarter worth about $117,000. 67.60% of the stock is owned by 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.