Revolve Group, Inc. (NYSE:RVLV) Receives $30.57 Average Target Price from Brokerages

Shares of Revolve Group, Inc. (NYSE:RVLV - Get Free Report) have been given an average rating of "Moderate Buy" by the fourteen brokerages that are presently covering the firm, Marketbeat reports. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $30.57.

A number of brokerages have issued reports on RVLV. KeyCorp raised Revolve Group from a "sector weight" rating to an "overweight" rating and set a $37.00 price target on the stock in a research note on Thursday, January 23rd. Stifel Nicolaus decreased their price target on Revolve Group from $41.00 to $40.00 and set a "buy" rating on the stock in a research note on Wednesday, February 26th. Barclays raised their price target on Revolve Group from $25.00 to $26.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 26th. BMO Capital Markets raised their price target on Revolve Group from $15.00 to $19.00 and gave the stock a "market perform" rating in a research note on Wednesday, February 26th. Finally, Roth Mkm reissued a "buy" rating and issued a $36.00 price target (up from $35.00) on shares of Revolve Group in a research note on Wednesday, February 26th.

Insider Transactions at Revolve Group

In related news, CEO Michael Karanikolas sold 12,566 shares of the firm's stock in a transaction dated 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 in the company, valued at approximately $3,190,620. This trade represents a 9.27 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Michael Mente sold 62,441 shares of the firm's stock in a transaction dated 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 sale, the chief executive officer now owns 73,000 shares in the company, valued at approximately $2,496,600. The trade was a 46.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 511,649 shares of company stock worth $16,027,128 in the last three months. 46.56% of the stock is currently owned by company insiders.

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Institutional Investors Weigh In On Revolve Group

Several hedge funds 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 purchased a new stake in Revolve Group during the 4th quarter worth approximately $156,000. Castleark Management LLC purchased a new stake in Revolve Group during the 4th quarter worth approximately $4,488,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Revolve Group by 25.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 98,920 shares of the company's stock worth $3,313,000 after purchasing an additional 19,965 shares during the last quarter. Finally, Woodline Partners LP purchased a new stake in Revolve Group during the 4th quarter worth approximately $6,477,000. 67.60% of the stock is currently owned by hedge funds and other institutional investors.

Revolve Group Stock Up 4.5 %

Shares of RVLV traded up $1.04 during trading hours on Friday, reaching $24.05. 1,239,784 shares of the company traded hands, compared to its average volume of 994,215. The stock has a market capitalization of $1.70 billion, a PE ratio of 42.94, a price-to-earnings-growth ratio of 1.48 and a beta of 2.25. Revolve Group has a fifty-two week low of $14.87 and a fifty-two week high of $39.58. The stock has a fifty day simple moving average of $29.89 and a 200 day simple moving average of $29.18.

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.