Revolve Group (NYSE:RVLV) Given New $19.00 Price Target at BMO Capital Markets

Revolve Group (NYSE:RVLV) had its price target raised by equities researchers at BMO Capital Markets from $15.00 to $19.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has a “market perform” rating on the stock. BMO Capital Markets’ price objective indicates a potential downside of 27.55% from the stock’s previous close.

Several other equities research analysts also recently weighed in on RVLV. BTIG Research increased their target price on shares of Revolve Group from $30.00 to $35.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Barclays increased their target price on shares of Revolve Group from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Wednesday. KeyCorp upgraded shares of Revolve Group from a “sector weight” rating to an “overweight” rating and set a $37.00 target price for the company in a research note on Thursday, January 23rd. TD Cowen increased their target price on shares of Revolve Group from $28.00 to $34.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Finally, UBS Group increased their price target on shares of Revolve Group from $25.00 to $30.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $29.93.

Revolve Group Stock Performance

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

Insider Buying and Selling at Revolve Group

In other news, CEO Michael Mente sold 69,605 shares of the firm’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $29.77, for a total transaction of $2,072,140.85. Following the completion of the transaction, the chief executive officer now directly owns 73,000 shares of the company’s stock, valued at $2,173,210. This trade represents a 48.81 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last three months, insiders sold 687,778 shares of company stock valued at $22,364,908. Corporate insiders own 46.56% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Castlekeep Investment Advisors LLC purchased a new position in shares of Revolve Group during the 4th quarter worth approximately $65,000. Neo Ivy Capital Management purchased a new position in shares of Revolve Group during the 4th quarter worth approximately $156,000. Castleark Management LLC acquired a new stake in Revolve Group during the fourth quarter worth approximately $4,488,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Revolve Group by 25.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 98,920 shares of the company’s stock worth $3,313,000 after acquiring an additional 19,965 shares during the last quarter. Finally, Woodline Partners LP acquired a new stake in Revolve Group during the fourth quarter worth approximately $6,477,000. 67.60% of the stock is owned by hedge funds and other 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.