Revolve Group (NYSE:RVLV) Shares Gap Up – Still a Buy?

Revolve Group, Inc. (NYSE:RVLV)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $21.26, but opened at $22.57. Revolve Group shares last traded at $22.37, with a volume of 259,662 shares changing hands.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on RVLV shares. Roth Mkm reaffirmed a “buy” rating and set a $36.00 price target (up previously from $35.00) on shares of Revolve Group in a research report 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 target on the stock in a research note on Thursday, January 23rd. Jefferies Financial Group upgraded shares of Revolve Group from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a report on Friday. BMO Capital Markets increased their target price on Revolve Group from $15.00 to $19.00 and gave the stock a “market perform” rating in a report on Wednesday, February 26th. Finally, Stifel Nicolaus cut their price target on Revolve Group from $41.00 to $40.00 and set a “buy” rating on the stock in a report on Wednesday, February 26th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Revolve Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.53.

Revolve Group Price Performance

The firm has a 50-day moving average of $29.33 and a 200 day moving average of $29.16. The stock has a market capitalization of $1.61 billion, a price-to-earnings ratio of 40.37, a PEG ratio of 1.48 and a beta of 2.25.

Insider Activity

In other Revolve Group news, CEO Michael Karanikolas sold 12,566 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $25.94, for a total value of $325,962.04. Following 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael Mente sold 76,835 shares of Revolve Group stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $34.14, for a total value of $2,623,146.90. Following the transaction, the chief executive officer now owns 73,000 shares of the company’s stock, valued at $2,492,220. This represents a 51.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 511,649 shares of company stock valued at $16,027,128. 46.56% of the stock is owned by insiders.

Institutional Investors Weigh In On Revolve Group

Several hedge funds have recently added to or reduced their stakes in RVLV. AlphaQuest LLC increased its holdings in shares of Revolve Group by 7.7% in the fourth quarter. AlphaQuest LLC now owns 5,535 shares of the company’s stock valued at $185,000 after purchasing an additional 396 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Revolve Group by 3.2% in the 4th 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 during the period. Farther Finance Advisors LLC raised its holdings in Revolve Group by 249.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,126 shares of the company’s stock valued at $28,000 after acquiring an additional 804 shares during the period. Navellier & Associates Inc. lifted its position in Revolve Group by 4.1% during the fourth 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. Finally, Venturi Wealth Management LLC boosted 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 acquiring an additional 1,250 shares during the period. 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.