Stifel Nicolaus Has Lowered Expectations for Revolve Group (NYSE:RVLV) Stock Price

Revolve Group (NYSE:RVLV - Get Free Report) had its target price lowered by Stifel Nicolaus from $41.00 to $40.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Stifel Nicolaus' price target would indicate a potential upside of 50.66% from the company's previous close.

Other equities research analysts have also issued reports about the stock. BTIG Research lifted their price target on shares of Revolve Group from $30.00 to $35.00 and gave the company a "buy" rating in a research note on Wednesday, November 6th. Roth Mkm reissued a "buy" rating and set a $35.00 price target (up from $29.00) on shares of Revolve Group in a research report on Wednesday, November 6th. KeyCorp raised Revolve Group from a "sector weight" rating to an "overweight" rating and set a $37.00 price target for the company in a research report on Thursday, January 23rd. Piper Sandler boosted their target price on shares of Revolve Group from $30.00 to $35.00 and gave the stock an "overweight" rating in a report on Wednesday, November 6th. Finally, Robert W. Baird lifted their price objective on shares of Revolve Group from $24.00 to $33.00 and gave the company a "neutral" rating in a research report on Wednesday, November 6th. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $30.57.

Remove Ads

Revolve Group Price Performance

NYSE:RVLV traded up $0.30 during trading hours on Wednesday, reaching $26.55. 1,406,890 shares of the stock were exchanged, compared to its average volume of 1,278,054. Revolve Group has a twelve month low of $14.87 and a twelve month high of $39.58. The firm has a 50 day moving average of $30.84 and a 200 day moving average of $29.07. The stock has a market cap of $1.88 billion, a PE ratio of 47.41, a PEG ratio of 1.48 and a beta of 2.17.

Insider Activity at Revolve Group

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

Institutional Trading of Revolve Group

Several institutional investors have recently added to or reduced their stakes in RVLV. FMR LLC increased its position in Revolve Group by 0.7% during the fourth quarter. FMR LLC now owns 5,743,151 shares of the company's stock worth $192,338,000 after acquiring an additional 38,694 shares during the period. Vanguard Group Inc. boosted its stake in shares of Revolve Group by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 3,832,207 shares of the company's stock valued at $128,341,000 after buying an additional 65,602 shares during the period. Balyasny Asset Management L.P. boosted its stake in shares of Revolve Group by 596.9% in the fourth quarter. Balyasny Asset Management L.P. now owns 795,607 shares of the company's stock valued at $26,645,000 after buying an additional 681,451 shares during the period. Driehaus Capital Management LLC bought a new stake in shares of Revolve Group in the fourth quarter valued at approximately $14,531,000. Finally, Wells Fargo & Company MN boosted its stake in shares of Revolve Group by 1.2% in the fourth quarter. Wells Fargo & Company MN now owns 411,738 shares of the company's stock valued at $13,789,000 after buying an additional 4,946 shares during the period. 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.