Revolve Group (NYSE:RVLV) Trading Down 6.5% – What’s Next?

Revolve Group, Inc. (NYSE:RVLV) fell 6.5% during mid-day trading on Tuesday . The company traded as low as $23.46 and last traded at $23.26. 143,379 shares changed hands during trading, a decline of 86% from the average session volume of 994,745 shares. The stock had previously closed at $24.87.

Analysts Set New Price Targets

Several equities research analysts have recently commented on RVLV shares. BMO Capital Markets upped their target price on shares of Revolve Group from $15.00 to $19.00 and gave the stock a “market perform” rating in a report on Wednesday, February 26th. Barclays lifted their target price on Revolve Group from $25.00 to $26.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 26th. Roth Mkm reissued a “buy” rating and issued a $36.00 price target (up from $35.00) on shares of Revolve Group in a research report on Wednesday, February 26th. KeyCorp upgraded Revolve Group from a “sector weight” rating to an “overweight” rating and set a $37.00 price objective on the stock in a research note on Thursday, January 23rd. Finally, Stifel Nicolaus reduced their target price on shares of Revolve Group from $41.00 to $40.00 and set a “buy” rating for the company in a research note on Wednesday, February 26th. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $30.57.

Revolve Group Stock Performance

The firm has a market cap of $1.75 billion, a PE ratio of 43.93, a price-to-earnings-growth ratio of 1.48 and a beta of 2.25. The stock has a 50-day simple moving average of $29.70 and a two-hundred day simple moving average of $29.19.

Insider Activity

In other news, CEO Michael Karanikolas sold 12,566 shares of the business’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $25.94, for a total transaction of $325,962.04. Following the completion of the sale, the chief executive officer now owns 123,000 shares of the company’s stock, valued at $3,190,620. The trade was a 9.27 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Michael Mente sold 44,962 shares of the company’s stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $30.93, for a total value of $1,390,674.66. Following the completion of the sale, the chief executive officer now owns 73,000 shares of the company’s stock, valued at approximately $2,257,890. The trade was a 38.12 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 511,649 shares of company stock valued at $16,027,128 in the last ninety days. 46.56% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Revolve Group

Hedge funds have recently modified their holdings of the company. Farther Finance Advisors LLC boosted its holdings in Revolve Group by 249.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,126 shares of the company’s stock worth $28,000 after buying an additional 804 shares during the period. Los Angeles Capital Management LLC raised its stake in Revolve Group by 17.5% during the 3rd quarter. Los Angeles Capital Management LLC now owns 33,701 shares of the company’s stock valued at $835,000 after purchasing an additional 5,011 shares during the period. Lisanti Capital Growth LLC purchased a new position in Revolve Group in the 3rd quarter worth approximately $2,276,000. Thrivent Financial for Lutherans bought a new position in Revolve Group in the 3rd quarter worth approximately $1,509,000. Finally, LMR Partners LLP purchased a new stake in Revolve Group during the 3rd quarter valued at approximately $228,000. 67.60% of the stock is currently 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.