Revolve Group (NYSE:RVLV) Earns Buy Rating from Roth Mkm

Revolve Group (NYSE:RVLV - Get Free Report)'s stock had its "buy" rating reaffirmed by equities research analysts at Roth Mkm in a report issued on Wednesday,Benzinga reports. They currently have a $36.00 price objective on the stock, up from their previous price objective of $35.00. Roth Mkm's price objective would indicate a potential upside of 35.59% from the company's previous close.

A number of other research firms also recently issued reports on RVLV. TD Cowen increased their target price on shares of Revolve Group from $28.00 to $34.00 and gave the stock a "buy" rating in a research report on Wednesday, November 6th. 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 research report on Wednesday. BMO Capital Markets increased their price objective on shares of Revolve Group from $15.00 to $19.00 and gave the company a "market perform" rating in a research report on Wednesday. BTIG Research increased their price objective on shares of Revolve Group from $30.00 to $35.00 and gave the company a "buy" rating in a research report on Wednesday, November 6th. Finally, KeyCorp raised shares of Revolve Group from a "sector weight" rating to an "overweight" rating and set a $37.00 price objective for the company in a research report on Thursday, January 23rd. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $30.57.

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Revolve Group Stock Performance

RVLV traded up $0.30 on Wednesday, reaching $26.55. 1,406,890 shares of the company's stock were exchanged, compared to its average volume of 1,278,054. The company's 50 day moving average is $30.84 and its 200-day moving average is $29.12. The company has a market cap of $1.88 billion, a price-to-earnings ratio of 47.41, a PEG ratio of 1.48 and a beta of 2.17. Revolve Group has a twelve month low of $14.87 and a twelve month high of $39.58.

Insider Buying and Selling

In related news, CEO Michael Mente sold 98,429 shares of the firm's stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $34.87, for a total transaction of $3,432,219.23. Following the transaction, the chief executive officer now directly owns 123,000 shares in the company, valued at $4,289,010. This trade represents a 44.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold 687,778 shares of company stock worth $22,364,908 over the last ninety days. 46.56% of the stock is owned by insiders.

Hedge Funds Weigh In On Revolve Group

Several large investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted 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 buying an additional 804 shares during the last quarter. Harbor Capital Advisors Inc. lifted its stake in Revolve Group by 46.1% in the third quarter. Harbor Capital Advisors Inc. now owns 107,148 shares of the company's stock valued at $2,655,000 after buying an additional 33,812 shares during the last quarter. BloombergSen Inc. lifted its stake in Revolve Group by 39.1% in the third quarter. BloombergSen Inc. now owns 35,239 shares of the company's stock valued at $873,000 after buying an additional 9,904 shares during the last quarter. Los Angeles Capital Management LLC lifted its stake in Revolve Group by 17.5% in the third quarter. Los Angeles Capital Management LLC now owns 33,701 shares of the company's stock valued at $835,000 after buying an additional 5,011 shares during the last quarter. Finally, Lisanti Capital Growth LLC bought a new stake in Revolve Group in the third quarter valued at $2,276,000. 67.60% of the stock is currently 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.