Revolve Group, Inc. (NYSE:RVLV) Receives $30.53 Average PT from Brokerages

Revolve Group, Inc. (NYSE:RVLV) has been assigned a consensus rating of “Moderate Buy” from the fifteen ratings firms that are currently covering the stock, Marketbeat reports. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $30.53.

Several research analysts have commented on RVLV shares. Jefferies Financial Group raised shares of Revolve Group from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research note on Friday, March 14th. Roth Mkm restated a “buy” rating and set a $36.00 price target (up from $35.00) on shares of Revolve Group in a research report on Wednesday, February 26th. BMO Capital Markets lifted their price objective on Revolve Group from $15.00 to $19.00 and gave the stock a “market perform” rating in a report on Wednesday, February 26th. Stifel Nicolaus lowered their target price on Revolve Group from $41.00 to $40.00 and set a “buy” rating for the company in a research note on Wednesday, February 26th. Finally, Barclays raised their price target on Revolve Group from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 26th.

Revolve Group Trading Down 0.5 %

Shares of Revolve Group stock opened at $18.81 on Tuesday. The firm has a market capitalization of $1.34 billion, a PE ratio of 33.58, a price-to-earnings-growth ratio of 1.48 and a beta of 2.10. Revolve Group has a 12 month low of $14.87 and a 12 month high of $39.58. The business’s 50-day moving average price is $26.34 and its 200-day moving average price is $29.05.

Insider Buying and Selling

In other Revolve Group news, CEO Michael Mente sold 67,118 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now owns 73,000 shares in the company, valued at approximately $2,256,430. This represents a 47.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 transaction of $325,962.04. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 372,373 shares of company stock valued at $11,268,499 over the last three months. Corporate insiders own 46.56% of the company’s stock.

Institutional Trading of Revolve Group

Several institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. raised its holdings in Revolve Group by 83.4% in the third quarter. JPMorgan Chase & Co. now owns 349,670 shares of the company’s stock worth $8,665,000 after buying an additional 158,960 shares during the last quarter. Barclays PLC raised its holdings in Revolve Group by 156.7% in the 3rd quarter. Barclays PLC now owns 85,613 shares of the company’s stock worth $2,122,000 after acquiring an additional 52,257 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Revolve Group by 1.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 318,683 shares of the company’s stock valued at $10,673,000 after acquiring an additional 3,470 shares in the last quarter. Franklin Resources Inc. boosted its stake in Revolve Group by 6.9% during the 3rd quarter. Franklin Resources Inc. now owns 27,195 shares of the company’s stock valued at $699,000 after purchasing an additional 1,753 shares during the last quarter. Finally, Centiva Capital LP boosted its stake in Revolve Group by 238.3% during the 3rd quarter. Centiva Capital LP now owns 56,133 shares of the company’s stock valued at $1,391,000 after purchasing an additional 39,538 shares during the last quarter. 67.60% of the stock is owned by hedge funds and other institutional investors.

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.