Revolve Group (NYSE:RVLV) Price Target Lowered to $40.00 at Stifel Nicolaus

Revolve Group (NYSE:RVLV) had its target price lowered by Stifel Nicolaus from $41.00 to $40.00 in a research report report published on Wednesday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other analysts have also recently commented on RVLV. TD Cowen upped their target price on shares of Revolve Group from $28.00 to $34.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Barclays boosted their price objective 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. UBS Group raised their target price on shares of Revolve Group from $25.00 to $30.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. BTIG Research boosted their price target on Revolve Group from $30.00 to $35.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Finally, Robert W. Baird upped their price target on Revolve Group from $24.00 to $33.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $30.57.

Revolve Group Stock Up 1.1 %

NYSE RVLV opened at $26.55 on Wednesday. The firm has a market capitalization of $1.88 billion, a PE ratio of 47.41, a P/E/G ratio of 1.48 and a beta of 2.17. The stock’s 50 day moving average is $30.84 and its 200 day moving average is $29.07. Revolve Group has a twelve month low of $14.87 and a twelve month high of $39.58.

Insider Transactions at Revolve Group

In other news, CEO Michael Mente sold 67,118 shares of the firm’s stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $30.91, for a total transaction of $2,074,617.38. Following the sale, the chief executive officer now owns 73,000 shares of the company’s stock, valued at $2,256,430. This trade represents a 47.90 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders sold 687,778 shares of company stock worth $22,364,908 over the last quarter. 46.56% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. AlphaQuest LLC grew its position in Revolve Group by 7.7% in the 4th quarter. AlphaQuest LLC now owns 5,535 shares of the company’s stock worth $185,000 after purchasing an additional 396 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Revolve Group by 3.2% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,809 shares of the company’s stock worth $730,000 after acquiring an additional 668 shares during the period. Farther Finance Advisors LLC increased its position in Revolve Group by 249.7% during the third quarter. Farther Finance Advisors LLC now owns 1,126 shares of the company’s stock valued at $28,000 after acquiring an additional 804 shares during the last quarter. Navellier & Associates Inc. increased its position in Revolve Group by 4.1% during the fourth quarter. Navellier & Associates Inc. now owns 25,711 shares of the company’s stock valued at $861,000 after acquiring an additional 1,008 shares during the last quarter. Finally, Venturi Wealth Management LLC lifted its holdings in Revolve Group by 1,302.1% in the fourth quarter. Venturi Wealth Management LLC now owns 1,346 shares of the company’s stock valued at $45,000 after acquiring an additional 1,250 shares during the period. Institutional investors 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.