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

Revolve Group (NYSE:RVLV) had its price target upped by equities researchers at BMO Capital Markets from $15.00 to $19.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has a “market perform” rating on the stock. BMO Capital Markets’ target price suggests a potential downside of 27.78% from the company’s current price.

RVLV has been the topic of several other research reports. KeyCorp upgraded Revolve Group from a “sector weight” rating to an “overweight” rating and set a $37.00 price objective on the stock in a report on Thursday, January 23rd. Roth Mkm reaffirmed a “buy” rating and issued a $35.00 target price (up from $29.00) on shares of Revolve Group in a research report on Wednesday, November 6th. UBS Group upped their target price on Revolve Group from $25.00 to $30.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. BTIG Research increased their target price on Revolve Group from $30.00 to $35.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Finally, TD Cowen lifted 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. Seven equities research 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 has an average rating of “Moderate Buy” and an average target price of $29.87.

Revolve Group Trading Down 7.1 %

Shares of RVLV traded down $2.01 during mid-day trading on Wednesday, reaching $26.31. The company’s stock had a trading volume of 342,726 shares, compared to its average volume of 1,195,786. Revolve Group has a 52 week low of $14.87 and a 52 week high of $39.58. The stock has a market cap of $1.86 billion, a PE ratio of 46.98, a P/E/G ratio of 1.48 and a beta of 2.17. The company’s fifty day moving average price is $31.28 and its two-hundred day moving average price is $29.08.

Insider Activity at Revolve Group

In other Revolve Group news, CEO Michael Mente sold 98,429 shares of the business’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $34.87, for a total value of $3,432,219.23. Following the completion of the transaction, the chief executive officer now owns 123,000 shares of the company’s stock, valued at approximately $4,289,010. The trade was a 44.45 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 687,778 shares of company stock valued at $22,364,908 over the last 90 days. Corporate insiders own 46.56% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Farther Finance Advisors LLC raised its stake in Revolve Group by 249.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,126 shares of the company’s stock valued at $28,000 after buying an additional 804 shares during the last quarter. Venturi Wealth Management LLC increased its position 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 valued at $45,000 after acquiring an additional 1,250 shares during the last quarter. Sugar Maple Asset Management LLC bought a new stake in shares of Revolve Group during the 4th quarter valued at about $50,000. Castlekeep Investment Advisors LLC bought a new stake in shares of Revolve Group during the 4th quarter valued at $65,000. Finally, Northwest & Ethical Investments L.P. bought a new position in Revolve Group in the 4th quarter worth $87,000. 67.60% of the stock is owned by hedge funds and other 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.