Revolve Group (NYSE:RVLV) Price Target Lowered to $40.00 at Stifel Nicolaus

Revolve Group (NYSE:RVLV) had its price objective reduced by Stifel Nicolaus from $41.00 to $40.00 in a research note published on Wednesday morning,Benzinga reports. They currently have a buy rating on the stock.

Other equities research analysts have also issued research reports about the company. TD Cowen raised their target price on Revolve Group from $28.00 to $34.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Roth Mkm restated a “buy” rating and set a $35.00 price objective (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. KeyCorp raised shares of Revolve Group from a “sector weight” rating to an “overweight” rating and set a $37.00 price target for the company in a research report on Thursday, January 23rd. Finally, BTIG Research raised their price objective on Revolve Group from $30.00 to $35.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $29.93.

Revolve Group Price Performance

Revolve Group stock opened at $26.85 on Wednesday. The stock has a market cap of $1.90 billion, a PE ratio of 47.95, a P/E/G ratio of 1.48 and a beta of 2.17. The stock’s fifty day moving average is $31.14 and its two-hundred day moving average is $29.06. Revolve Group has a 1-year low of $14.87 and a 1-year high of $39.58.

Insider Activity

In other news, CEO Michael Mente sold 90,266 shares of Revolve Group stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $35.80, for a total value of $3,231,522.80. Following the sale, the chief executive officer now owns 123,000 shares of the company’s stock, valued at $4,403,400. The trade was a 42.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last 90 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 Investors Weigh In On Revolve Group

A number of hedge funds have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its position in Revolve Group by 249.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,126 shares of the company’s stock worth $28,000 after purchasing an additional 804 shares during the period. Venturi Wealth Management LLC boosted its stake in shares of Revolve Group by 1,302.1% in the fourth quarter. Venturi Wealth Management LLC now owns 1,346 shares of the company’s stock valued at $45,000 after buying an additional 1,250 shares in the last quarter. Sugar Maple Asset Management LLC acquired a new position in Revolve Group during the fourth quarter worth $50,000. Castlekeep Investment Advisors LLC purchased a new position in Revolve Group in the fourth quarter worth $65,000. Finally, Northwest & Ethical Investments L.P. acquired a new stake in Revolve Group in the fourth quarter valued at $87,000. Institutional investors and hedge funds 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.