Barclays Issues Positive Forecast for Revolve Group (NYSE:RVLV) Stock Price

Revolve Group (NYSE:RVLV) had its price objective increased by Barclays from $25.00 to $26.00 in a report issued on Wednesday morning,Benzinga reports. They currently have an equal weight rating on the stock.

A number of other equities research analysts have also weighed in on the company. Piper Sandler boosted their price target on Revolve Group from $30.00 to $35.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. TD Cowen upped their target price on Revolve Group from $28.00 to $34.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Roth Mkm reiterated a “buy” rating and issued a $35.00 target price (up previously from $29.00) on shares of Revolve Group in a research report on Wednesday, November 6th. Robert W. Baird upped their target price on Revolve Group from $24.00 to $33.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. Finally, KeyCorp upgraded Revolve Group from a “sector weight” rating to an “overweight” rating and set a $37.00 target price on the stock in a research report on Thursday, January 23rd. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $29.93.

Revolve Group Stock Performance

Shares of RVLV stock opened at $26.85 on Wednesday. Revolve Group has a fifty-two week low of $14.87 and a fifty-two week high of $39.58. The firm has a market capitalization of $1.90 billion, a price-to-earnings ratio of 47.95, a PEG ratio of 1.48 and a beta of 2.17. The stock’s 50-day simple moving average is $31.14 and its 200-day simple moving average is $29.06.

Insider Buying and Selling at Revolve Group

In other news, CEO Michael Mente sold 90,266 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $35.80, for a total transaction of $3,231,522.80. Following the completion of the transaction, the chief executive officer now directly owns 123,000 shares of the company’s stock, valued at $4,403,400. This represents a 42.33 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Over the last ninety days, insiders sold 687,778 shares of company stock valued at $22,364,908. 46.56% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. JPMorgan Chase & Co. raised its stake in shares of Revolve Group by 83.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 349,670 shares of the company’s stock worth $8,665,000 after buying an additional 158,960 shares during the period. Harbor Capital Advisors Inc. raised its stake in shares of Revolve Group by 46.1% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 107,148 shares of the company’s stock worth $2,655,000 after buying an additional 33,812 shares during the period. Lisanti Capital Growth LLC acquired a new position in shares of Revolve Group during the 3rd quarter worth approximately $2,276,000. Farther Finance Advisors LLC raised its stake 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 buying an additional 804 shares during the period. Finally, Barclays PLC raised its stake in shares of Revolve Group by 156.7% during the 3rd quarter. Barclays PLC now owns 85,613 shares of the company’s stock worth $2,122,000 after buying an additional 52,257 shares during the period. 67.60% of the stock is owned by institutional investors and hedge funds.

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.