Revolve Group (NYSE:RVLV) Price Target Raised to $19.00 at BMO Capital Markets

Revolve Group (NYSE:RVLV) had its price target raised by BMO Capital Markets from $15.00 to $19.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has a “market perform” rating on the stock. BMO Capital Markets’ price objective indicates a potential downside of 27.78% from the company’s previous close.

Several other equities analysts have also recently weighed in on RVLV. KeyCorp upgraded Revolve Group from a “sector weight” rating to an “overweight” rating and set a $37.00 price target for the company in a report on Thursday, January 23rd. UBS Group raised their target price on shares of Revolve Group from $25.00 to $30.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Piper Sandler upped their price target on shares of Revolve Group from $30.00 to $35.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. TD Cowen lifted their price objective on shares of Revolve Group from $28.00 to $34.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Finally, BTIG Research upped their target price on shares of Revolve Group from $30.00 to $35.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $29.87.

Revolve Group Stock Performance

Shares of RVLV traded down $2.01 during midday trading on Wednesday, hitting $26.31. 342,726 shares of the company traded hands, compared to its average volume of 1,195,786. The stock has a market cap of $1.86 billion, a price-to-earnings ratio of 46.98, a PEG ratio of 1.48 and a beta of 2.17. The firm has a 50 day moving average of $31.28 and a 200-day moving average of $29.08. Revolve Group has a 52 week low of $14.87 and a 52 week high of $39.58.

Insider Buying and Selling

In related news, CEO Michael Mente sold 67,118 shares of the business’s stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $30.91, for a total transaction of $2,074,617.38. Following the transaction, the chief executive officer now directly owns 73,000 shares in the company, valued at approximately $2,256,430. The trade was a 47.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders sold a total of 687,778 shares of company stock worth $22,364,908 in the last 90 days. Insiders own 46.56% of the company’s stock.

Institutional Trading of Revolve Group

Several large investors have recently added to or reduced their stakes in the stock. Castlekeep Investment Advisors LLC acquired a new position in shares of Revolve Group during the 4th quarter valued at about $65,000. Neo Ivy Capital Management acquired a new position in Revolve Group in the fourth quarter valued at approximately $156,000. Castleark Management LLC purchased a new position in Revolve Group in the fourth quarter worth approximately $4,488,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Revolve Group by 25.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 98,920 shares of the company’s stock worth $3,313,000 after acquiring an additional 19,965 shares during the last quarter. Finally, Woodline Partners LP acquired a new position in shares of Revolve Group in the 4th quarter valued at $6,477,000. 67.60% of the stock is currently 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.