Revolve Group (NYSE:RVLV) Given “Buy” Rating at Roth Mkm

Revolve Group (NYSE:RVLV)‘s stock had its “buy” rating reaffirmed by stock analysts at Roth Mkm in a research note issued to investors on Wednesday,Benzinga reports. They currently have a $36.00 price objective on the stock, up from their previous price objective of $35.00. Roth Mkm’s price target points to a potential upside of 37.27% from the stock’s current price.

Several other analysts have also recently issued reports on RVLV. BTIG Research upped their price objective on shares of Revolve Group from $30.00 to $35.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. TD Cowen upped their price target on Revolve Group from $28.00 to $34.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Barclays increased their price target on Revolve Group from $25.00 to $26.00 and gave the company an “equal weight” rating in a report on Wednesday. Robert W. Baird boosted their price objective on Revolve Group from $24.00 to $33.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. Finally, Stifel Nicolaus dropped their target price on Revolve Group from $41.00 to $40.00 and set a “buy” rating for the company in a report on Wednesday. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, Revolve Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.93.

Revolve Group Trading Down 2.5 %

Shares of Revolve Group stock opened at $26.23 on Wednesday. Revolve Group has a twelve month low of $14.87 and a twelve month high of $39.58. The firm has a market capitalization of $1.86 billion, a PE ratio of 46.83, a P/E/G ratio of 1.48 and a beta of 2.17. The firm’s 50-day moving average price is $30.99 and its 200 day moving average price is $29.04.

Insider Activity

In other news, CEO Michael Mente sold 98,429 shares of the company’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $34.87, for a total transaction of $3,432,219.23. Following the sale, the chief executive officer now owns 123,000 shares of the company’s stock, valued at approximately $4,289,010. This represents a 44.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last quarter, insiders sold 687,778 shares of company stock valued at $22,364,908. 46.56% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Revolve Group

Hedge funds and other institutional investors have recently modified their holdings of the company. Farther Finance Advisors LLC boosted its position in shares of 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 acquiring an additional 804 shares in the last quarter. Venturi Wealth Management LLC lifted its stake in 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 purchasing an additional 1,250 shares during the last quarter. Sugar Maple Asset Management LLC acquired a new position in Revolve Group in the fourth quarter valued at approximately $50,000. Castlekeep Investment Advisors LLC acquired a new stake in Revolve Group during the fourth quarter worth approximately $65,000. Finally, Northwest & Ethical Investments L.P. purchased a new stake in shares of Revolve Group during the 4th quarter worth approximately $87,000. 67.60% of the stock is currently owned by institutional investors and hedge funds.

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.