Roth Mkm Reiterates “Buy” Rating for Revolve Group (NYSE:RVLV)

Revolve Group (NYSE:RVLV)‘s stock had its “buy” rating reissued by research analysts at Roth Mkm in a research report issued to clients and investors on Wednesday,Benzinga reports. They presently have a $36.00 target price on the stock, up from their previous target price of $35.00. Roth Mkm’s price objective points to a potential upside of 32.67% from the stock’s previous close.

Several other brokerages have also commented on RVLV. 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. 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 note on Thursday, January 23rd. Robert W. Baird boosted their price objective on shares of Revolve Group from $24.00 to $33.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. BTIG Research increased their price objective on Revolve Group from $30.00 to $35.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Finally, Evercore ISI lifted their price target on Revolve Group from $21.00 to $33.00 and gave the stock an “in-line” rating in a research note on Wednesday, November 6th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Revolve Group has an average rating of “Moderate Buy” and a consensus price target of $29.93.

Revolve Group Trading Down 4.2 %

NYSE:RVLV traded down $1.19 on Wednesday, hitting $27.14. The company had a trading volume of 1,307,497 shares, compared to its average volume of 1,218,468. The stock has a market capitalization of $1.92 billion, a price-to-earnings ratio of 48.32, a PEG ratio of 1.48 and a beta of 2.17. Revolve Group has a 52 week low of $14.87 and a 52 week high of $39.58. The firm has a 50 day moving average of $31.28 and a two-hundred day moving average of $29.08.

Insider Buying and Selling at Revolve Group

In other news, CEO Michael Mente sold 44,962 shares of the firm’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $30.93, for a total value of $1,390,674.66. Following the completion of the sale, the chief executive officer now owns 73,000 shares in the company, valued at approximately $2,257,890. This trade represents a 38.12 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 687,778 shares of company stock valued at $22,364,908 in the last three months. 46.56% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Revolve Group

Institutional investors have recently modified their holdings of the stock. Farther Finance Advisors LLC lifted its position in 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 during the period. Venturi Wealth Management LLC lifted its stake in Revolve Group by 1,302.1% in the 4th 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 in the last quarter. Sugar Maple Asset Management LLC acquired a new stake in shares of Revolve Group in the 4th quarter worth $50,000. Castlekeep Investment Advisors LLC acquired a new position in Revolve Group in the 4th quarter valued at about $65,000. Finally, Northwest & Ethical Investments L.P. acquired a new position in shares of Revolve Group in the 4th quarter worth approximately $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.