Revolve Group (NYSE:RVLV) Trading Down 6.5% – What’s Next?

Revolve Group, Inc. (NYSE:RVLV)’s share price fell 6.5% during trading on Tuesday . The stock traded as low as $23.46 and last traded at $23.26. 143,379 shares were traded during trading, a decline of 86% from the average session volume of 994,745 shares. The stock had previously closed at $24.87.

Wall Street Analyst Weigh In

RVLV has been the subject of a number of research analyst reports. BMO Capital Markets lifted their target price on Revolve Group from $15.00 to $19.00 and gave the stock a “market perform” rating in a report on Wednesday, February 26th. Roth Mkm restated a “buy” rating and issued a $36.00 price target (up from $35.00) on shares of Revolve Group in a report on Wednesday, February 26th. Barclays upped their price objective on shares of Revolve Group from $25.00 to $26.00 and gave the company an “equal weight” rating in a report on Wednesday, February 26th. Stifel Nicolaus decreased their target price on Revolve Group from $41.00 to $40.00 and set a “buy” rating for the company in a research report on Wednesday, February 26th. Finally, KeyCorp raised Revolve Group from a “sector weight” rating to an “overweight” rating and set a $37.00 price target on the stock in a research note on Thursday, January 23rd. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Revolve Group has a consensus rating of “Moderate Buy” and a consensus target price of $30.57.

Revolve Group Trading Down 11.1 %

The business has a 50-day moving average of $29.33 and a 200 day moving average of $29.16. The firm has a market capitalization of $1.52 billion, a PE ratio of 38.08, a price-to-earnings-growth ratio of 1.48 and a beta of 2.25.

Insider Activity

In other news, CEO Michael Karanikolas sold 12,566 shares of the firm’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $25.94, for a total transaction of $325,962.04. Following the completion of the sale, the chief executive officer now directly owns 123,000 shares of the company’s stock, valued at $3,190,620. This trade represents a 9.27 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Michael Mente sold 76,835 shares of the business’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $34.14, for a total transaction of $2,623,146.90. Following the completion of the transaction, the chief executive officer now directly owns 73,000 shares in the company, valued at $2,492,220. This trade represents a 51.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 511,649 shares of company stock worth $16,027,128 over the last quarter. Insiders own 46.56% of the company’s stock.

Institutional Trading of Revolve Group

Large investors have recently bought and sold shares of the company. FMR LLC raised its holdings in Revolve Group by 0.7% during the 4th quarter. FMR LLC now owns 5,743,151 shares of the company’s stock valued at $192,338,000 after acquiring an additional 38,694 shares during the period. Vanguard Group Inc. grew its position in shares of Revolve Group by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 3,832,207 shares of the company’s stock valued at $128,341,000 after purchasing an additional 65,602 shares in the last quarter. Balyasny Asset Management L.P. raised its stake in shares of Revolve Group by 596.9% during the 4th quarter. Balyasny Asset Management L.P. now owns 795,607 shares of the company’s stock valued at $26,645,000 after purchasing an additional 681,451 shares during the period. Driehaus Capital Management LLC bought a new position in Revolve Group in the 4th quarter worth about $14,531,000. Finally, Wells Fargo & Company MN grew its holdings in Revolve Group by 1.2% during the 4th quarter. Wells Fargo & Company MN now owns 411,738 shares of the company’s stock valued at $13,789,000 after buying an additional 4,946 shares in 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.