Revolve Group (NYSE:RVLV) Given New $26.00 Price Target at Barclays

Revolve Group (NYSE:RVLV) had its price target hoisted by Barclays from $25.00 to $26.00 in a research note released on Wednesday,Benzinga reports. The firm currently has an equal weight rating on the stock.

RVLV has been the topic of a number of other research reports. Evercore ISI increased their target price 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. 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. 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 note on Wednesday, November 6th. Robert W. Baird increased their target price 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, TD Cowen increased their target price on Revolve Group from $28.00 to $34.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $29.93.

Revolve Group Stock Down 5.2 %

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

Insiders Place Their Bets

In other Revolve Group news, CEO Michael Mente sold 69,605 shares of the business’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $29.77, for a total value of $2,072,140.85. Following the completion of the transaction, the chief executive officer now directly owns 73,000 shares in the company, valued at approximately $2,173,210. The trade was a 48.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last ninety days, insiders sold 687,778 shares of company stock worth $22,364,908. 46.56% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Revolve Group

Large investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its holdings in Revolve Group by 249.7% in the third quarter. Farther Finance Advisors LLC now owns 1,126 shares of the company’s stock worth $28,000 after purchasing an additional 804 shares in the last quarter. Venturi Wealth Management LLC raised its holdings in Revolve Group by 1,302.1% in 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 in the last quarter. Sugar Maple Asset Management LLC bought a new position in Revolve Group in the fourth quarter worth about $50,000. Castlekeep Investment Advisors LLC bought a new position in Revolve Group in the fourth quarter worth about $65,000. Finally, Northwest & Ethical Investments L.P. bought a new position in Revolve Group in the fourth quarter worth about $87,000. 67.60% of the stock is currently owned by 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.