Revolve Group (NYSE:RVLV) Stock Price Up 4.1% - Still a Buy?

Revolve Group, Inc. (NYSE:RVLV - Get Free Report)'s stock price was up 4.1% during mid-day trading on Monday . The company traded as high as $25.07 and last traded at $25.03. Approximately 872,630 shares were traded during trading, a decline of 12% from the average daily volume of 994,394 shares. The stock had previously closed at $24.04.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on RVLV. Stifel Nicolaus dropped their price target on shares of Revolve Group from $41.00 to $40.00 and set a "buy" rating on the stock in a research note on Wednesday, February 26th. KeyCorp raised Revolve Group from a "sector weight" rating to an "overweight" rating and set a $37.00 target price on the stock in a research report on Thursday, January 23rd. BMO Capital Markets lifted their price target on Revolve Group from $15.00 to $19.00 and gave the company a "market perform" rating in a report on Wednesday, February 26th. Barclays increased their price objective on Revolve Group from $25.00 to $26.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 26th. Finally, Roth Mkm reiterated a "buy" rating and issued a $36.00 target price (up from $35.00) on shares of Revolve Group in a research note on Wednesday, February 26th. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $30.57.

Revolve Group Price Performance

The business has a 50 day moving average price of $29.89 and a 200 day moving average price of $29.18. The firm has a market capitalization of $1.77 billion, a P/E ratio of 44.46, a price-to-earnings-growth ratio of 1.48 and a beta of 2.25.

Insider Transactions at Revolve Group

In other news, CEO Michael Mente sold 62,441 shares of the business's stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $34.20, for a total transaction of $2,135,482.20. Following the sale, the chief executive officer now directly 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Michael Karanikolas sold 12,566 shares of the company's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $25.94, for a total value of $325,962.04. Following the completion of the transaction, the chief executive officer now owns 123,000 shares of the company's stock, valued at $3,190,620. The trade was a 9.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 511,649 shares of company stock worth $16,027,128. Insiders own 46.56% of the company's stock.

Institutional Investors Weigh In On Revolve Group

Institutional investors and hedge funds have recently bought and sold shares of the business. Farther Finance Advisors LLC increased its stake in Revolve Group by 249.7% in the third quarter. Farther Finance Advisors LLC now owns 1,126 shares of the company's stock valued at $28,000 after acquiring an additional 804 shares during the period. Venturi Wealth Management LLC boosted its holdings in Revolve Group by 1,302.1% during the fourth 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 in the last quarter. Sugar Maple Asset Management LLC bought a new stake in shares of Revolve Group in the 4th quarter valued at approximately $50,000. Castlekeep Investment Advisors LLC acquired a new position in shares of Revolve Group in the 4th quarter worth approximately $65,000. Finally, Northwest & Ethical Investments L.P. acquired a new position in shares of Revolve Group in the 4th quarter worth approximately $87,000. Institutional investors 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.

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