Revolve Group, Inc. (NYSE:RVLV) Receives $29.60 Consensus PT from Analysts

Revolve Group, Inc. (NYSE:RVLV) has been assigned a consensus recommendation of “Moderate Buy” from the fifteen ratings firms that are presently covering the stock, Marketbeat reports. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $29.60.

RVLV has been the topic of a number of research reports. BTIG Research upped 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. KeyCorp raised shares of Revolve Group from a “sector weight” rating to an “overweight” rating and set a $37.00 price target for the company in a report on Thursday, January 23rd. Morgan Stanley reaffirmed an “equal weight” rating and set a $26.00 price target (up previously from $17.00) on shares of Revolve Group in a report on Monday, October 21st. Robert W. Baird increased their price objective on shares of Revolve Group from $24.00 to $33.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Finally, Barclays raised shares of Revolve Group from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $17.00 to $25.00 in a research note on Wednesday, November 6th.

Revolve Group Stock Performance

Shares of RVLV stock opened at $30.83 on Monday. Revolve Group has a 52-week low of $14.87 and a 52-week high of $39.58. The stock has a market cap of $2.18 billion, a price-to-earnings ratio of 55.05, a PEG ratio of 1.57 and a beta of 2.17. The firm’s 50-day moving average is $32.51 and its 200-day moving average is $28.37.

Insider Transactions at Revolve Group

In other Revolve Group news, CEO Michael Mente sold 98,429 shares of the firm’s stock in a transaction on Wednesday, December 4th. The shares were 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 approximately $4,289,010. This trade represents a 44.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 700,184 shares of company stock worth $23,292,646 over the last three months. 46.56% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Farther Finance Advisors LLC boosted 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 last quarter. Venturi Wealth Management LLC increased its holdings in Revolve Group by 1,302.1% during the 4th quarter. Venturi Wealth Management LLC now owns 1,346 shares of the company’s stock worth $45,000 after acquiring an additional 1,250 shares during the period. Sugar Maple Asset Management LLC bought a new stake in Revolve Group during the 4th quarter worth approximately $50,000. Northwest & Ethical Investments L.P. bought a new position in shares of Revolve Group in the 4th quarter worth $87,000. Finally, Harvest Fund Management Co. Ltd bought a new position in shares of Revolve Group in the 4th quarter worth $117,000. 67.60% of the stock is 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.