Revolve Group (NYSE:RVLV) Shares Gap Down Following Analyst Downgrade

Shares of Revolve Group, Inc. (NYSE:RVLV) gapped down prior to trading on Wednesday after Stifel Nicolaus lowered their price target on the stock from $41.00 to $40.00. The stock had previously closed at $28.32, but opened at $27.21. Stifel Nicolaus currently has a buy rating on the stock. Revolve Group shares last traded at $25.99, with a volume of 579,894 shares changing hands.

A number of other equities research analysts have also issued reports on RVLV. Barclays upped their price target on Revolve Group from $25.00 to $26.00 and gave the company an “equal weight” rating in a research report on Wednesday. Piper Sandler upped their price target on Revolve Group from $30.00 to $35.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. UBS Group upped their price target on Revolve Group from $25.00 to $30.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. Evercore ISI increased their price objective on Revolve Group from $21.00 to $33.00 and gave the stock an “in-line” rating in a research report on Wednesday, November 6th. Finally, Roth Mkm reiterated a “buy” rating and issued a $35.00 price objective (up from $29.00) on shares of Revolve Group in a research report on Wednesday, November 6th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, Revolve Group has a consensus rating of “Moderate Buy” and a consensus target price of $29.93.

Insiders Place Their Bets

In other news, CEO Michael Mente sold 67,118 shares of the stock in a transaction on Friday, February 14th. The stock was sold at an average price of $30.91, for a total value of $2,074,617.38. Following the sale, the chief executive officer now directly owns 73,000 shares in the company, valued at approximately $2,256,430. This trade represents a 47.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 687,778 shares of company stock worth $22,364,908 over the last ninety days. Corporate insiders own 46.56% of the company’s stock.

Institutional Trading of Revolve Group

Hedge funds have recently modified their holdings of the stock. Farther Finance Advisors LLC raised its stake in shares of 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 in the last quarter. Venturi Wealth Management LLC raised its stake in shares of Revolve Group by 1,302.1% in the fourth quarter. Venturi Wealth Management LLC now owns 1,346 shares of the company’s stock valued at $45,000 after acquiring an additional 1,250 shares in the last quarter. Sugar Maple Asset Management LLC acquired a new stake in shares of Revolve Group in the fourth quarter valued at $50,000. Castlekeep Investment Advisors LLC acquired a new stake in shares of Revolve Group in the fourth quarter valued at $65,000. Finally, Northwest & Ethical Investments L.P. purchased a new position in Revolve Group in the fourth quarter valued at $87,000. 67.60% of the stock is currently owned by institutional investors and hedge funds.

Revolve Group Stock Down 5.2 %

The stock has a market cap of $1.90 billion, a PE ratio of 47.95, a price-to-earnings-growth ratio of 1.48 and a beta of 2.17. The firm has a fifty day moving average of $31.14 and a 200 day moving average of $29.06.

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.