Revolve Group (NYSE:RVLV) Stock Rating Upgraded by Jefferies Financial Group

Revolve Group (NYSE:RVLV) was upgraded by equities research analysts at Jefferies Financial Group from a “hold” rating to a “buy” rating in a research note issued to investors on Friday, Marketbeat reports. The brokerage presently has a $30.00 price target on the stock. Jefferies Financial Group’s price target would suggest a potential upside of 40.68% from the stock’s previous close.

A number of other analysts also recently weighed in on RVLV. BMO Capital Markets increased their price objective on Revolve Group from $15.00 to $19.00 and gave the company a “market perform” rating in a report on Wednesday, February 26th. KeyCorp upgraded Revolve Group from a “sector weight” rating to an “overweight” rating and set a $37.00 price objective for the company in a research report on Thursday, January 23rd. Barclays upped their target price on Revolve Group from $25.00 to $26.00 and gave the company an “equal weight” rating in a report on Wednesday, February 26th. Stifel Nicolaus lowered their price target on shares of Revolve Group from $41.00 to $40.00 and set a “buy” rating for the company in a report on Wednesday, February 26th. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $36.00 price objective (up from $35.00) on shares of Revolve Group in a research note on Wednesday, February 26th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $30.53.

Revolve Group Price Performance

RVLV opened at $21.33 on Friday. Revolve Group has a fifty-two week low of $14.87 and a fifty-two week high of $39.58. The company’s 50 day moving average price is $29.33 and its two-hundred day moving average price is $29.16. The firm has a market capitalization of $1.52 billion, a price-to-earnings ratio of 38.08, a PEG ratio of 1.48 and a beta of 2.25.

Insider Activity at Revolve Group

In other news, CEO Michael Karanikolas sold 12,566 shares of the firm’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 transaction, the chief executive officer now owns 123,000 shares in the company, valued at $3,190,620. This trade represents a 9.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael Mente sold 76,835 shares of the company’s stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $34.14, for a total value of $2,623,146.90. Following the sale, the chief executive officer now owns 73,000 shares of the company’s stock, valued at $2,492,220. This trade represents a 51.28 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 511,649 shares of company stock valued at $16,027,128 in the last three months. Corporate insiders own 46.56% of the company’s stock.

Hedge Funds Weigh In On Revolve Group

Several institutional investors have recently added to or reduced their stakes in RVLV. Farther Finance Advisors LLC grew its position in shares of 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 acquiring an additional 804 shares during the period. Venturi Wealth Management LLC lifted its stake 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 valued at $45,000 after purchasing an additional 1,250 shares during the last quarter. Sugar Maple Asset Management LLC bought a new position in Revolve Group during the fourth quarter valued at $50,000. Castlekeep Investment Advisors LLC purchased a new stake in Revolve Group in the fourth quarter worth $65,000. Finally, Northwest & Ethical Investments L.P. bought a new stake in shares of Revolve Group in the fourth quarter valued at $87,000. Institutional investors own 67.60% of the company’s stock.

Revolve Group Company Profile

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.