Revolve Group (NYSE:RVLV) Raised to “Buy” at Jefferies Financial Group

Revolve Group (NYSE:RVLV) was upgraded by equities researchers at Jefferies Financial Group from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday, Marketbeat Ratings reports. The brokerage currently has a $30.00 target price on the stock. Jefferies Financial Group’s price objective indicates a potential upside of 40.68% from the stock’s current price.

Several other research analysts also recently commented on the company. KeyCorp upgraded 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. Barclays raised their price objective on shares of Revolve Group from $25.00 to $26.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 26th. Stifel Nicolaus reduced their price objective on shares of Revolve Group from $41.00 to $40.00 and set a “buy” rating for the company in a research note on Wednesday, February 26th. Roth Mkm reiterated a “buy” rating and issued a $36.00 target price (up from $35.00) on shares of Revolve Group in a research note on Wednesday, February 26th. Finally, BMO Capital Markets boosted their price target on shares of Revolve Group from $15.00 to $19.00 and gave the company a “market perform” rating in a research report on Wednesday, February 26th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $30.53.

Revolve Group Price Performance

NYSE:RVLV opened at $21.33 on Friday. Revolve Group has a 1 year low of $14.87 and a 1 year high of $39.58. The stock’s fifty day moving average price is $29.33 and its two-hundred day moving average price is $29.16. The company has a market cap of $1.52 billion, a P/E ratio of 38.08, a P/E/G ratio of 1.48 and a beta of 2.25.

Insider Transactions at Revolve Group

In other Revolve Group news, CEO Michael Karanikolas sold 12,566 shares of the company’s stock in a transaction dated Monday, March 3rd. The shares were 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 in the company, valued at $3,190,620. This represents a 9.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Michael Mente sold 62,441 shares of Revolve Group stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $34.20, for a total value of $2,135,482.20. Following the completion of the transaction, the chief executive officer now owns 73,000 shares in the company, valued at approximately $2,496,600. This represents a 46.10 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 511,649 shares of company stock worth $16,027,128. 46.56% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Revolve Group

Several institutional investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC lifted its position in Revolve Group by 249.7% in the third quarter. Farther Finance Advisors LLC now owns 1,126 shares of the company’s stock valued at $28,000 after purchasing an additional 804 shares during the last quarter. Venturi Wealth Management LLC boosted its holdings in shares of Revolve Group by 1,302.1% during the fourth 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 period. Sugar Maple Asset Management LLC bought a new stake in shares of Revolve Group in the fourth quarter worth about $50,000. Castlekeep Investment Advisors LLC purchased a new stake in Revolve Group in the 4th quarter worth approximately $65,000. Finally, Northwest & Ethical Investments L.P. purchased a new stake in Revolve Group in the 4th quarter worth approximately $87,000. 67.60% of the stock is currently 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.