Brokerages Set Revolve Group, Inc. (NYSE:RVLV) PT at $29.60

Shares of Revolve Group, Inc. (NYSE:RVLV) have earned an average recommendation of “Moderate Buy” from the fifteen ratings firms that are presently covering the stock, MarketBeat.com reports. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $29.60.

A number of equities analysts have issued reports on RVLV shares. Robert W. Baird increased their price target on Revolve Group from $24.00 to $33.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. TD Cowen increased their price objective on Revolve Group from $28.00 to $34.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Evercore ISI increased their price objective on Revolve Group from $21.00 to $33.00 and gave the stock an “in-line” rating in a report on Wednesday, November 6th. Barclays raised shares of Revolve Group from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $17.00 to $25.00 in a research report on Wednesday, November 6th. Finally, UBS Group raised their price target on Revolve Group from $25.00 to $30.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th.

Insiders Place Their Bets

In other news, CEO Michael Mente sold 73,783 shares of Revolve Group stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $33.41, for a total value of $2,465,090.03. Following the completion of the transaction, the chief executive officer now owns 73,000 shares in the company, valued at approximately $2,438,930. The trade was a 50.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders sold a total of 700,184 shares of company stock worth $23,292,646 over the last quarter. Company insiders own 46.56% of the company’s stock.

Institutional Trading of Revolve Group

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in Revolve Group by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 3,832,207 shares of the company’s stock worth $128,341,000 after acquiring an additional 65,602 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Revolve Group by 83.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 349,670 shares of the company’s stock valued at $8,665,000 after buying an additional 158,960 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Revolve Group by 1.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 318,683 shares of the company’s stock valued at $10,673,000 after acquiring an additional 3,470 shares in the last quarter. Sei Investments Co. lifted its position in Revolve Group by 6.8% in the 4th quarter. Sei Investments Co. now owns 179,081 shares of the company’s stock valued at $5,997,000 after acquiring an additional 11,362 shares in the last quarter. Finally, New York State Common Retirement Fund lifted its position in Revolve Group by 3.0% in the 4th quarter. New York State Common Retirement Fund now owns 164,924 shares of the company’s stock valued at $5,523,000 after acquiring an additional 4,844 shares in the last quarter. Institutional investors and hedge funds own 67.60% of the company’s stock.

Revolve Group Price Performance

Shares of RVLV stock opened at $30.83 on Monday. Revolve Group has a 12-month low of $14.87 and a 12-month high of $39.58. The firm has a market capitalization of $2.18 billion, a price-to-earnings ratio of 55.05, a price-to-earnings-growth ratio of 1.57 and a beta of 2.17. The business has a 50 day simple moving average of $32.51 and a 200 day simple moving average of $28.37.

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.