Revolve Group (NYSE:RVLV) Upgraded by Jefferies Financial Group to Buy Rating

Revolve Group (NYSE:RVLV - Get Free Report) was upgraded by equities researchers at Jefferies Financial Group from a "hold" rating to a "buy" rating in a research report issued on Friday, MarketBeat.com reports. The brokerage presently has a $30.00 price objective on the stock. Jefferies Financial Group's price target indicates a potential upside of 38.10% from the stock's current price.

Several other equities research analysts also recently issued reports 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. Barclays lifted their price target on shares of 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 lifted their price target on shares of Revolve Group from $15.00 to $19.00 and gave the stock a "market perform" rating in a research note on Wednesday, February 26th. Roth Mkm reaffirmed a "buy" rating and set a $36.00 price target (up previously from $35.00) on shares of Revolve Group in a research note on Wednesday, February 26th. Finally, KeyCorp raised shares of 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. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $30.53.

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Revolve Group Stock Down 2.9 %

Shares of RVLV stock traded down $0.65 during mid-day trading on Friday, reaching $21.72. The company's stock had a trading volume of 1,071,532 shares, compared to its average volume of 1,014,471. Revolve Group has a 12-month low of $14.87 and a 12-month high of $39.58. The firm has a market capitalization of $1.55 billion, a PE ratio of 38.79, a price-to-earnings-growth ratio of 1.48 and a beta of 2.25. The company's 50 day simple moving average is $28.68 and its 200-day simple moving average is $29.17.

Insider Activity

In related news, CEO Michael Mente sold 76,835 shares of Revolve Group stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $34.14, for a total value of $2,623,146.90. Following the sale, the chief executive officer now directly owns 73,000 shares in the company, valued at $2,492,220. This trade represents a 51.28 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Michael Karanikolas sold 12,566 shares of Revolve Group stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $25.94, for a total transaction of $325,962.04. Following the completion of the sale, the chief executive officer now owns 123,000 shares in the company, 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. In the last three months, insiders sold 511,649 shares of company stock valued at $16,027,128. Company insiders own 46.56% of the company's stock.

Institutional Trading of Revolve Group

Several hedge funds have recently bought and sold shares of RVLV. Balyasny Asset Management L.P. lifted its position in Revolve Group by 596.9% in the 4th quarter. Balyasny Asset Management L.P. now owns 795,607 shares of the company's stock valued at $26,645,000 after purchasing an additional 681,451 shares during the last quarter. Driehaus Capital Management LLC bought a new stake in shares of Revolve Group during the 4th quarter worth about $14,531,000. Algert Global LLC raised its position in shares of Revolve Group by 235.6% during the 4th quarter. Algert Global LLC now owns 303,289 shares of the company's stock worth $10,157,000 after buying an additional 212,914 shares in the last quarter. Woodline Partners LP bought a new stake in shares of Revolve Group during the 4th quarter worth about $6,477,000. Finally, Polar Asset Management Partners Inc. bought a new stake in shares of Revolve Group during the 3rd quarter worth about $3,982,000. 67.60% of the stock is currently 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.