Stifel Nicolaus Cuts Revolve Group (NYSE:RVLV) Price Target to $40.00

Revolve Group (NYSE:RVLV) had its price target lowered by Stifel Nicolaus from $41.00 to $40.00 in a research note published on Wednesday,Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

A number of other equities research analysts also recently weighed in on RVLV. BTIG Research raised their target price on shares of Revolve Group from $30.00 to $35.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. KeyCorp upgraded shares of Revolve Group from a “sector weight” rating to an “overweight” rating and set a $37.00 price objective on the stock in a research report on Thursday, January 23rd. Roth Mkm reaffirmed a “buy” rating and set a $35.00 price objective (up from $29.00) on shares of Revolve Group in a report on Wednesday, November 6th. TD Cowen increased their target price on Revolve Group from $28.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Finally, UBS Group lifted their price target on Revolve Group from $25.00 to $30.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Revolve Group has a consensus rating of “Moderate Buy” and a consensus price target of $30.57.

Revolve Group Stock Up 1.1 %

Shares of NYSE RVLV opened at $26.55 on Wednesday. The stock’s 50-day simple moving average is $30.84 and its two-hundred day simple moving average is $29.07. Revolve Group has a twelve month low of $14.87 and a twelve month high of $39.58. The firm has a market capitalization of $1.88 billion, a P/E ratio of 47.41, a P/E/G ratio of 1.48 and a beta of 2.17.

Insider Buying and Selling at Revolve Group

In other news, CEO Michael Mente sold 44,962 shares of the company’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $30.93, for a total transaction of $1,390,674.66. Following the completion of the transaction, the chief executive officer now directly owns 73,000 shares of the company’s stock, valued at approximately $2,257,890. This represents a 38.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders sold 687,778 shares of company stock worth $22,364,908. 46.56% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Castlekeep Investment Advisors LLC purchased a new stake in Revolve Group in the 4th quarter worth approximately $65,000. Neo Ivy Capital Management bought a new position in shares of Revolve Group during the fourth quarter valued at approximately $156,000. Castleark Management LLC purchased a new stake in Revolve Group in the fourth quarter worth $4,488,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Revolve Group by 25.3% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 98,920 shares of the company’s stock valued at $3,313,000 after acquiring an additional 19,965 shares in the last quarter. Finally, Woodline Partners LP purchased a new position in Revolve Group during the 4th quarter valued at $6,477,000. 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.