Revolve Group (NYSE:RVLV) Price Target Raised to $26.00

Revolve Group (NYSE:RVLV) had its target price raised by Barclays from $25.00 to $26.00 in a report published on Wednesday morning,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

RVLV has been the topic of a number of other reports. Evercore ISI raised their target price on shares of Revolve Group from $21.00 to $33.00 and gave the company an “in-line” rating in a research note on Wednesday, November 6th. Stifel Nicolaus raised their target price 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. Piper Sandler raised their target price on shares of Revolve Group from $30.00 to $35.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. TD Cowen increased their price target on shares of Revolve Group from $28.00 to $34.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Finally, Robert W. Baird increased their price target on shares of Revolve Group from $24.00 to $33.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Revolve Group has a consensus rating of “Moderate Buy” and an average price target of $30.57.

Revolve Group Price Performance

Shares of RVLV opened at $26.55 on Wednesday. The firm’s 50 day simple moving average is $30.84 and its 200 day simple moving average is $29.07. The company has a market capitalization of $1.88 billion, a P/E ratio of 47.41, a P/E/G ratio of 1.48 and a beta of 2.17. Revolve Group has a 1-year low of $14.87 and a 1-year high of $39.58.

Insider Activity at Revolve Group

In other Revolve Group news, CEO Michael Mente sold 98,429 shares of the firm’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $34.87, for a total transaction of $3,432,219.23. Following the completion of the transaction, the chief executive officer now owns 123,000 shares of the company’s stock, valued at approximately $4,289,010. This trade represents a 44.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders have sold a total of 687,778 shares of company stock worth $22,364,908 over the last quarter. Corporate insiders own 46.56% of the company’s stock.

Hedge Funds Weigh In On Revolve Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Castlekeep Investment Advisors LLC purchased a new position in Revolve Group during the fourth quarter valued at $65,000. Neo Ivy Capital Management purchased a new position in Revolve Group during the fourth quarter valued at $156,000. Castleark Management LLC purchased a new position in Revolve Group during the fourth quarter valued at $4,488,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Revolve Group by 25.3% during 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 valued at $3,313,000 after buying an additional 19,965 shares during the period. Finally, Woodline Partners LP purchased a new position in Revolve Group during the fourth quarter valued at $6,477,000. Hedge funds and other 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.