Revolve Group (NYSE:RVLV) Shares Gap Down on Analyst Downgrade

Revolve Group, Inc. (NYSE:RVLV) shares gapped down before the market opened on Wednesday after Stifel Nicolaus lowered their price target on the stock from $41.00 to $40.00. The stock had previously closed at $28.32, but opened at $27.21. Stifel Nicolaus currently has a buy rating on the stock. Revolve Group shares last traded at $25.99, with a volume of 579,894 shares traded.

Several other research analysts have also recently commented on the stock. Roth Mkm restated a “buy” rating and issued a $35.00 target price (up previously from $29.00) on shares of Revolve Group in a research report on Wednesday, November 6th. Barclays increased their target price 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. Robert W. Baird boosted their price target on shares of Revolve Group from $24.00 to $33.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Evercore ISI increased their price objective on shares of Revolve Group from $21.00 to $33.00 and gave the company an “in-line” rating in a report on Wednesday, November 6th. Finally, UBS Group upped their target price on Revolve Group from $25.00 to $30.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $29.93.

Insider Activity at Revolve Group

In other Revolve Group news, CEO Michael Mente sold 67,118 shares of Revolve Group stock in a transaction on Friday, February 14th. The shares were sold at an average price of $30.91, for a total transaction of $2,074,617.38. Following the completion of the sale, the chief executive officer now owns 73,000 shares of the company’s stock, valued at $2,256,430. This trade represents a 47.90 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Over the last ninety days, insiders have sold 687,778 shares of company stock valued at $22,364,908. Company insiders own 46.56% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Castlekeep Investment Advisors LLC acquired a new stake in shares of Revolve Group in the 4th quarter valued at $65,000. Neo Ivy Capital Management bought a new position in Revolve Group during the fourth quarter valued at about $156,000. Castleark Management LLC acquired a new stake in shares of Revolve Group in the fourth quarter worth about $4,488,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Revolve Group by 25.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 98,920 shares of the company’s stock worth $3,313,000 after acquiring an additional 19,965 shares in the last quarter. Finally, Woodline Partners LP bought a new position in shares of Revolve Group in the 4th quarter valued at approximately $6,477,000. Hedge funds and other institutional investors own 67.60% of the company’s stock.

Revolve Group Trading Down 2.5 %

The stock has a market capitalization of $1.86 billion, a price-to-earnings ratio of 46.83, a price-to-earnings-growth ratio of 1.48 and a beta of 2.17. The company has a fifty day moving average of $30.99 and a two-hundred day moving average of $29.04.

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.