Revolve Group (NYSE:RVLV) Given Buy Rating at Roth Mkm

Roth Mkm restated their buy rating on shares of Revolve Group (NYSE:RVLV) in a research note published on Wednesday morning,Benzinga reports. The brokerage currently has a $36.00 price objective on the stock, up from their prior price objective of $35.00.

A number of other brokerages have also issued reports on RVLV. Stifel Nicolaus decreased their price target on Revolve Group from $41.00 to $40.00 and set a “buy” rating for the company in a research note on Wednesday. UBS Group increased their price target on Revolve Group from $25.00 to $30.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Barclays increased their price target on Revolve Group from $25.00 to $26.00 and gave the company an “equal weight” rating in a research note on Wednesday. Evercore ISI lifted their target price on Revolve Group from $21.00 to $33.00 and gave the stock an “in-line” rating in a report on Wednesday, November 6th. Finally, BMO Capital Markets increased their price target on Revolve Group from $15.00 to $19.00 and gave the company a “market perform” rating in a research report on Wednesday. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $29.93.

Revolve Group Price Performance

Shares of RVLV stock opened at $26.85 on Wednesday. Revolve Group has a 12-month low of $14.87 and a 12-month high of $39.58. The firm has a market capitalization of $1.90 billion, a price-to-earnings ratio of 47.95, a price-to-earnings-growth ratio of 1.48 and a beta of 2.17. The business has a 50 day simple moving average of $31.14 and a 200 day simple moving average of $29.06.

Insider Buying and Selling at Revolve Group

In other Revolve Group news, CEO Michael Mente sold 98,429 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $34.87, for a total value 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. This represents a 44.45 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In the last quarter, insiders have sold 687,778 shares of company stock worth $22,364,908. 46.56% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. AlphaQuest LLC increased its stake in Revolve Group by 7.7% in the 4th quarter. AlphaQuest LLC now owns 5,535 shares of the company’s stock valued at $185,000 after buying an additional 396 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Revolve Group by 3.2% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,809 shares of the company’s stock valued at $730,000 after buying an additional 668 shares during the period. Farther Finance Advisors LLC increased 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. Navellier & Associates Inc. increased its stake in shares of Revolve Group by 4.1% during the 4th quarter. Navellier & Associates Inc. now owns 25,711 shares of the company’s stock worth $861,000 after purchasing an additional 1,008 shares during the last quarter. Finally, Venturi Wealth Management LLC increased its stake in shares of Revolve Group by 1,302.1% during the 4th quarter. Venturi Wealth Management LLC now owns 1,346 shares of the company’s stock worth $45,000 after purchasing an additional 1,250 shares during the last quarter. Institutional investors and hedge funds own 67.60% of the company’s stock.

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.