Stifel Nicolaus Cuts Revolve Group (NYSE:RVLV) Price Target to $40.00

Revolve Group (NYSE:RVLV) had its price target lowered by equities research analysts at Stifel Nicolaus from $41.00 to $40.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ price target would suggest a potential upside of 61.42% from the stock’s current price.

RVLV has been the topic of a number of other research reports. Barclays boosted their price target on Revolve Group from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Wednesday. 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 report on Thursday, January 23rd. Roth Mkm reissued a “buy” rating and set a $35.00 target price (up from $29.00) on shares of Revolve Group in a research note on Wednesday, November 6th. Evercore ISI lifted their price target on Revolve Group from $21.00 to $33.00 and gave the company an “in-line” rating in a research note on Wednesday, November 6th. Finally, UBS Group increased their price target on Revolve Group from $25.00 to $30.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $29.60.

Revolve Group Stock Down 12.5 %

Revolve Group stock opened at $24.78 on Wednesday. The firm has a market cap of $1.75 billion, a P/E ratio of 47.82, a P/E/G 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. The business has a fifty day moving average of $31.28 and a two-hundred day moving average of $29.08.

Insider Activity

In other news, CEO Michael Mente sold 90,266 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $35.80, for a total transaction of $3,231,522.80. Following the completion of the sale, the chief executive officer now owns 123,000 shares in the company, valued at $4,403,400. This represents a 42.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last three months, insiders sold 687,778 shares of company stock valued at $22,364,908. Insiders own 46.56% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC boosted its stake in shares of Revolve Group by 249.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,126 shares of the company’s stock worth $28,000 after purchasing an additional 804 shares during the last quarter. Harbor Capital Advisors Inc. boosted its stake in Revolve Group by 46.1% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 107,148 shares of the company’s stock worth $2,655,000 after buying an additional 33,812 shares during the last quarter. BloombergSen Inc. grew its stake in shares of Revolve Group by 39.1% during the 3rd 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 period. Los Angeles Capital Management LLC raised its position in shares of Revolve Group by 17.5% in the 3rd quarter. Los Angeles Capital Management LLC now owns 33,701 shares of the company’s stock worth $835,000 after buying an additional 5,011 shares during the period. Finally, Lisanti Capital Growth LLC acquired a new position in Revolve Group in the third quarter valued at $2,276,000. 67.60% of the stock is currently owned by institutional investors and hedge funds.

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.