Revolve Group (NYSE:RVLV) Price Target Cut to $28.00 by Analysts at Stifel Nicolaus

Revolve Group (NYSE:RVLV) had its target price decreased by research analysts at Stifel Nicolaus from $40.00 to $28.00 in a report issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ target price indicates a potential upside of 40.62% from the company’s previous close.

RVLV has been the topic of several other research reports. KeyCorp raised shares of Revolve Group from a “sector weight” rating to an “overweight” rating and set a $37.00 price target on the stock in a research report on Thursday, January 23rd. Barclays increased their target price on shares of Revolve Group from $25.00 to $26.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 26th. BMO Capital Markets upped their price objective on Revolve Group from $15.00 to $19.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 26th. Roth Mkm reiterated a “buy” rating and issued a $36.00 price objective (up from $35.00) on shares of Revolve Group in a research note on Wednesday, February 26th. Finally, Jefferies Financial Group raised Revolve Group from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a research note on Friday, March 14th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $28.87.

Revolve Group Trading Down 0.8 %

RVLV opened at $19.91 on Thursday. The stock’s 50-day moving average price is $24.81 and its 200 day moving average price is $28.77. Revolve Group has a 12-month low of $14.87 and a 12-month high of $39.58. The firm has a market cap of $1.42 billion, a price-to-earnings ratio of 35.56, a PEG ratio of 1.48 and a beta of 2.10.

Insider Activity at Revolve Group

In other news, CEO Michael Karanikolas sold 12,566 shares of Revolve Group stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $25.94, for a total value of $325,962.04. Following the transaction, 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Michael Mente sold 44,962 shares of the company’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $30.93, for a total transaction of $1,390,674.66. Following the completion of the sale, the chief executive officer now owns 73,000 shares of the company’s stock, valued at approximately $2,257,890. This trade represents a 38.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 256,781 shares of company stock valued at $7,793,755 in the last three months. 46.56% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Revolve Group

A number of institutional investors and hedge funds have recently made changes to their positions in RVLV. Venturi Wealth Management LLC grew its holdings 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 last quarter. Sugar Maple Asset Management LLC acquired a new stake in Revolve Group during the 4th quarter worth approximately $50,000. Castlekeep Investment Advisors LLC purchased a new position in shares of Revolve Group in the 4th quarter valued at approximately $65,000. Northwest & Ethical Investments L.P. acquired a new position in shares of Revolve Group in the fourth quarter valued at approximately $87,000. Finally, Harvest Fund Management Co. Ltd purchased a new stake in shares of Revolve Group during the fourth quarter worth approximately $117,000. 67.60% of the stock is owned by hedge funds and other institutional investors.

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.