Stifel Nicolaus Lowers Revolve Group (NYSE:RVLV) Price Target to $28.00

Revolve Group (NYSE:RVLV) had its target price lowered by analysts at Stifel Nicolaus from $40.00 to $28.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective suggests a potential upside of 37.36% from the company’s current price.

Other analysts have also issued research reports about the stock. KeyCorp upgraded shares of 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. Jefferies Financial Group raised Revolve Group from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a research report on Friday, March 14th. Barclays increased their target price on Revolve Group from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 26th. Roth Mkm restated a “buy” rating and issued a $36.00 price target (up previously from $35.00) on shares of Revolve Group in a report on Wednesday, February 26th. Finally, BMO Capital Markets increased their price objective on shares of Revolve Group from $15.00 to $19.00 and gave the stock a “market perform” rating in a report on Wednesday, February 26th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, Revolve Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $29.73.

Revolve Group Trading Down 6.0 %

Shares of NYSE:RVLV traded down $1.31 on Thursday, hitting $20.39. The company had a trading volume of 386,654 shares, compared to its average volume of 1,398,567. The company has a market cap of $1.45 billion, a PE ratio of 36.40, a PEG ratio of 1.48 and a beta of 2.10. Revolve Group has a 52-week low of $14.87 and a 52-week high of $39.58. The business has a 50 day moving average of $25.27 and a 200 day moving average of $28.84.

Insiders Place Their Bets

In related news, CEO Michael Mente sold 44,962 shares of the business’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $30.93, for a total transaction of $1,390,674.66. Following the transaction, the chief executive officer now directly owns 73,000 shares of the company’s stock, valued at approximately $2,257,890. The trade was a 38.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Michael Karanikolas sold 12,566 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $25.94, for a total value of $325,962.04. Following the completion of the transaction, the chief executive officer now owns 123,000 shares of the company’s stock, valued at approximately $3,190,620. This represents a 9.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 326,386 shares of company stock worth $9,865,895 over the last quarter. 46.56% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Revolve Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RVLV. NBC Securities Inc. grew its stake in shares of Revolve Group by 51,257.7% during the first quarter. NBC Securities Inc. now owns 13,353 shares of the company’s stock valued at $286,000 after acquiring an additional 13,327 shares in the last quarter. Wallace Advisory Group LLC acquired a new stake in Revolve Group during the 1st quarter valued at approximately $136,000. Rhumbline Advisers increased its holdings in Revolve Group by 3.4% during the 1st quarter. Rhumbline Advisers now owns 55,133 shares of the company’s stock worth $1,185,000 after purchasing an additional 1,788 shares during the last quarter. GAMMA Investing LLC increased its holdings in Revolve Group by 5,057.8% during the 1st quarter. GAMMA Investing LLC now owns 11,605 shares of the company’s stock worth $249,000 after purchasing an additional 11,380 shares during the last quarter. Finally, Castlekeep Investment Advisors LLC acquired a new position in shares of Revolve Group in the 4th quarter valued at approximately $65,000. Hedge funds and other institutional investors own 67.60% of the company’s stock.

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.