Barclays Issues Positive Forecast for Revolve Group (NYSE:RVLV) Stock Price

Revolve Group (NYSE:RVLV) had its target price raised by analysts at Barclays from $25.00 to $26.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s price target suggests a potential downside of 8.86% from the stock’s current price.

A number of other research analysts also recently commented on the company. Piper Sandler increased their target price on Revolve Group from $30.00 to $35.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. Stifel Nicolaus raised their price objective on shares of Revolve Group from $35.00 to $41.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Robert W. Baird raised their price objective on Revolve Group from $24.00 to $33.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. BTIG Research raised their price objective 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, UBS Group increased their price objective on Revolve Group from $25.00 to $30.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $29.67.

Revolve Group Stock Down 4.0 %

RVLV opened at $28.53 on Wednesday. Revolve Group has a 52-week low of $14.87 and a 52-week high of $39.58. The firm has a market capitalization of $2.02 billion, a P/E ratio of 50.94, a P/E/G ratio of 1.48 and a beta of 2.17. The firm’s 50 day moving average is $31.28 and its 200-day moving average is $29.08.

Insider Transactions at Revolve Group

In other Revolve Group news, CEO Michael Mente sold 98,429 shares of the stock in a transaction dated 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 directly owns 123,000 shares of the company’s stock, valued at $4,289,010. This represents a 44.45 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 687,778 shares of company stock worth $22,364,908 in the last three months. Insiders own 46.56% of the company’s stock.

Institutional Investors Weigh In On Revolve Group

A number of large investors have recently added to or reduced their stakes in the stock. Castlekeep Investment Advisors LLC acquired a new stake in Revolve Group during the fourth quarter worth about $65,000. Neo Ivy Capital Management bought a new stake in shares of Revolve Group during the fourth quarter worth about $156,000. Castleark Management LLC acquired a new position in Revolve Group in the 4th quarter valued at approximately $4,488,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Revolve Group by 25.3% in 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 period. Finally, Woodline Partners LP acquired a new stake in shares of Revolve Group during the fourth quarter worth $6,477,000. 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.