Barclays Increases Revolve Group (NYSE:RVLV) Price Target to $26.00

Revolve Group (NYSE:RVLV) had its price target boosted by research analysts at Barclays from $25.00 to $26.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s price target would indicate a potential downside of 0.86% from the company’s previous close.

Other analysts also recently issued research reports about the stock. Piper Sandler upped their price target 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. Robert W. Baird boosted 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. UBS Group raised their target price on Revolve Group from $25.00 to $30.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Stifel Nicolaus boosted their price target on Revolve Group from $35.00 to $41.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Finally, Roth Mkm restated a “buy” rating and set a $35.00 price objective (up from $29.00) on shares of Revolve Group in a research report on Wednesday, November 6th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Revolve Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.93.

Revolve Group Stock Down 2.5 %

RVLV stock opened at $26.23 on Wednesday. Revolve Group has a 52 week low of $14.87 and a 52 week high of $39.58. The business has a 50-day simple moving average of $30.99 and a 200 day simple moving average of $29.04. The company has a market cap of $1.86 billion, a PE ratio of 46.83, a price-to-earnings-growth ratio of 1.48 and a beta of 2.17.

Insider Transactions at Revolve Group

In other news, CEO Michael Mente sold 98,429 shares of Revolve Group stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $34.87, for a total transaction of $3,432,219.23. Following the transaction, the chief executive officer now owns 123,000 shares in the company, valued at approximately $4,289,010. The trade was a 44.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders have sold 687,778 shares of company stock worth $22,364,908. Insiders own 46.56% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of RVLV. JPMorgan Chase & Co. grew its position in shares of Revolve Group by 83.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 349,670 shares of the company’s stock valued at $8,665,000 after buying an additional 158,960 shares during the last quarter. Harbor Capital Advisors Inc. boosted its holdings in Revolve Group by 46.1% in the third quarter. Harbor Capital Advisors Inc. now owns 107,148 shares of the company’s stock valued at $2,655,000 after acquiring an additional 33,812 shares during the last quarter. Lisanti Capital Growth LLC bought a new stake in Revolve Group in the third quarter valued at approximately $2,276,000. Farther Finance Advisors LLC increased its position in Revolve Group by 249.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,126 shares of the company’s stock valued at $28,000 after purchasing an additional 804 shares during the period. Finally, Barclays PLC raised its holdings in Revolve Group by 156.7% during the 3rd quarter. Barclays PLC now owns 85,613 shares of the company’s stock worth $2,122,000 after purchasing an additional 52,257 shares during the last quarter. 67.60% of the stock is 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.