Revolve Group (NYSE:RVLV) Price Target Cut to $21.00 by Analysts at Morgan Stanley

Revolve Group (NYSE:RVLV) had its target price decreased by Morgan Stanley from $29.00 to $21.00 in a report released on Thursday morning,Benzinga reports. Morgan Stanley currently has an equal weight rating on the stock.

Other research analysts also recently issued research reports about the stock. Barclays upped their price objective on shares of Revolve Group from $25.00 to $26.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 26th. Roth Mkm restated a “buy” rating and issued a $36.00 target price (up previously from $35.00) on shares of Revolve Group in a report on Wednesday, February 26th. Piper Sandler dropped their price target on shares of Revolve Group from $35.00 to $22.00 and set an “overweight” rating on the stock in a research report on Friday, April 11th. KeyCorp raised Revolve Group from a “sector weight” rating to an “overweight” rating and set a $37.00 price objective for the company in a report on Thursday, January 23rd. Finally, Stifel Nicolaus lowered their price objective on Revolve Group from $40.00 to $28.00 and set a “buy” rating for the company in a research note on Thursday, April 10th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $28.53.

Revolve Group Stock Up 0.0 %

Shares of NYSE:RVLV opened at $19.67 on Thursday. Revolve Group has a twelve month low of $14.87 and a twelve month high of $39.58. The stock’s 50 day moving average is $23.79 and its 200-day moving average is $28.60. The firm has a market capitalization of $1.40 billion, a price-to-earnings ratio of 35.13, a PEG ratio of 1.48 and a beta of 2.10.

Insider Transactions at Revolve Group

In related news, CEO Michael Karanikolas sold 12,566 shares of Revolve Group stock in a transaction that occurred 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 sale, the chief executive officer now owns 123,000 shares of the company’s stock, valued at approximately $3,190,620. The trade was a 9.27 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Michael Mente sold 67,118 shares of the company’s stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $30.91, for a total value of $2,074,617.38. Following the completion of the transaction, the chief executive officer now owns 73,000 shares in the company, valued at approximately $2,256,430. The trade was a 47.90 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 256,781 shares of company stock worth $7,793,755 in the last ninety days. Company insiders own 46.56% of the company’s stock.

Institutional Investors Weigh In On Revolve Group

Large investors have recently added to or reduced their stakes in the company. FMR LLC boosted 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 purchasing an additional 38,694 shares during the period. Vanguard Group Inc. raised its position 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 purchasing an additional 65,602 shares during the period. Balyasny Asset Management L.P. lifted its stake in shares of Revolve Group by 596.9% during the 4th 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 in the last quarter. Driehaus Capital Management LLC bought a new position in Revolve Group in the 4th quarter worth approximately $14,531,000. Finally, Wells Fargo & Company MN raised its holdings in Revolve Group by 1.2% during the 4th quarter. Wells Fargo & Company MN now owns 411,738 shares of the company’s stock valued at $13,789,000 after acquiring an additional 4,946 shares during the period. Hedge funds and other institutional investors own 67.60% of the company’s stock.

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.