Revolve Group, Inc. (NYSE:RVLV) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Revolve Group, Inc. (NYSE:RVLV) have earned an average rating of “Moderate Buy” from the fifteen analysts that are covering the company, MarketBeat reports. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $30.53.

RVLV has been the subject of several research analyst reports. Stifel Nicolaus decreased their price target 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 report on Wednesday, February 26th. Barclays raised their price target on Revolve Group from $25.00 to $26.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 26th. KeyCorp raised shares of Revolve Group from a “sector weight” rating to an “overweight” rating and set a $37.00 price objective for the company in a research note on Thursday, January 23rd. Finally, BMO Capital Markets raised their target price 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.

Insiders Place Their Bets

In other news, CEO Michael Karanikolas sold 12,566 shares of the business’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $25.94, for a total transaction of $325,962.04. Following the sale, the chief executive officer now directly owns 123,000 shares of the company’s stock, valued at $3,190,620. The trade was a 9.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael Mente sold 69,605 shares of the firm’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $29.77, for a total transaction of $2,072,140.85. Following the transaction, the chief executive officer now directly owns 73,000 shares of the company’s stock, valued at $2,173,210. This represents a 48.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 372,373 shares of company stock valued at $11,268,499. 46.56% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. AlphaQuest LLC boosted its position in Revolve Group by 7.7% during the fourth quarter. AlphaQuest LLC now owns 5,535 shares of the company’s stock worth $185,000 after acquiring an additional 396 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Revolve Group by 3.2% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,809 shares of the company’s stock valued at $730,000 after buying an additional 668 shares during the last quarter. Navellier & Associates Inc. lifted its holdings in shares of Revolve Group by 4.1% in the 4th quarter. Navellier & Associates Inc. now owns 25,711 shares of the company’s stock worth $861,000 after acquiring an additional 1,008 shares during the last quarter. Venturi Wealth Management LLC boosted its position 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 buying an additional 1,250 shares during the period. Finally, Ameriprise Financial Inc. boosted its holdings in Revolve Group by 15.5% during the 4th quarter. Ameriprise Financial Inc. now owns 10,190 shares of the company’s stock valued at $341,000 after acquiring an additional 1,364 shares during the period. Institutional investors and hedge funds own 67.60% of the company’s stock.

Revolve Group Price Performance

Shares of RVLV opened at $21.48 on Tuesday. The firm has a market capitalization of $1.53 billion, a price-to-earnings ratio of 38.36, a PEG ratio of 1.48 and a beta of 2.25. Revolve Group has a 1-year low of $14.87 and a 1-year high of $39.58. The company has a 50-day moving average of $27.21 and a 200 day moving average of $29.19.

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.