Morgan Stanley Lowers Revolve Group (NYSE:RVLV) Price Target to $21.00

Revolve Group (NYSE:RVLV) had its target price decreased by Morgan Stanley from $29.00 to $21.00 in a research note issued to investors on Thursday morning,Benzinga reports. Morgan Stanley currently has an equal weight rating on the stock.

RVLV has been the topic of several other reports. 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. Stifel Nicolaus lowered their price target on Revolve Group from $40.00 to $28.00 and set a “buy” rating for the company in a report on Thursday, April 10th. Roth Mkm reiterated a “buy” rating and set a $36.00 price objective (up previously from $35.00) on shares of Revolve Group in a report on Wednesday, February 26th. KeyCorp raised Revolve Group from a “sector weight” rating to an “overweight” rating and set a $37.00 target price for the company in a research note on Thursday, January 23rd. Finally, BMO Capital Markets upped their price target on shares of Revolve Group from $15.00 to $19.00 and gave the company a “market perform” rating in a report on Wednesday, February 26th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $28.53.

Revolve Group Stock Performance

NYSE:RVLV opened at $19.67 on Thursday. The firm’s 50-day moving average is $23.99 and its 200-day moving average is $28.60. Revolve Group has a 52-week low of $14.87 and a 52-week high of $39.58. The company has a market cap of $1.40 billion, a price-to-earnings ratio of 35.13, a PEG ratio of 1.48 and a beta of 2.10.

Insider Buying and Selling at Revolve Group

In related news, CEO Michael Mente sold 66,413 shares of the company’s stock in a transaction that occurred on Wednesday, January 29th. The stock was sold at an average price of $30.48, for a total value of $2,024,268.24. Following the transaction, the chief executive officer now owns 73,000 shares in the company, valued at approximately $2,225,040. This represents a 47.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael Karanikolas sold 12,566 shares of the business’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $25.94, for a total value of $325,962.04. Following the completion of the sale, the chief executive officer now owns 123,000 shares in the company, valued at $3,190,620. This represents a 9.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 256,781 shares of company stock valued at $7,793,755. Corporate insiders own 46.56% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. AlphaQuest LLC boosted its holdings in shares of Revolve Group by 7.7% in the 4th quarter. AlphaQuest LLC now owns 5,535 shares of the company’s stock worth $185,000 after purchasing an additional 396 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Revolve Group by 3.2% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,809 shares of the company’s stock valued at $730,000 after acquiring an additional 668 shares in the last quarter. Navellier & Associates Inc. lifted its position 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 purchasing an additional 1,008 shares during the period. Precision Wealth Strategies LLC boosted its position in Revolve Group by 8.3% during the 1st quarter. Precision Wealth Strategies LLC now owns 13,678 shares of the company’s stock valued at $294,000 after acquiring an additional 1,051 shares in the last quarter. Finally, Venturi Wealth Management LLC grew its stake in Revolve Group by 1,302.1% in the fourth quarter. Venturi Wealth Management LLC now owns 1,346 shares of the company’s stock worth $45,000 after purchasing an additional 1,250 shares during the period. 67.60% of the stock is owned by institutional investors.

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.