Revolve Group’s (RVLV) “Buy” Rating Reiterated at Roth Mkm

Roth Mkm restated their buy rating on shares of Revolve Group (NYSE:RVLV) in a report published on Wednesday,Benzinga reports. The brokerage currently has a $36.00 price target on the stock, up from their previous price target of $35.00.

A number of other brokerages have also recently commented on RVLV. Evercore ISI increased their target price on Revolve Group from $21.00 to $33.00 and gave the company an “in-line” rating in a report on Wednesday, November 6th. KeyCorp raised Revolve Group from a “sector weight” rating to an “overweight” rating and set a $37.00 target price for the company in a report on Thursday, January 23rd. TD Cowen increased their target price on Revolve Group from $28.00 to $34.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Stifel Nicolaus reduced their target price on Revolve Group from $41.00 to $40.00 and set a “buy” rating for the company in a report on Wednesday. Finally, Robert W. Baird upped their price target on Revolve Group from $24.00 to $33.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $30.57.

Revolve Group Price Performance

Shares of Revolve Group stock opened at $26.55 on Wednesday. The business has a 50 day simple moving average of $30.84 and a two-hundred day simple moving average of $29.07. Revolve Group has a 12 month low of $14.87 and a 12 month high of $39.58. The stock has a market capitalization of $1.88 billion, a P/E ratio of 47.41, a PEG ratio of 1.48 and a beta of 2.17.

Insider Buying and Selling

In related news, CEO Michael Mente sold 98,429 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $34.87, for a total value of $3,432,219.23. Following the completion of the transaction, the chief executive officer now directly owns 123,000 shares in the company, valued at approximately $4,289,010. This represents a 44.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last three months, insiders sold 687,778 shares of company stock worth $22,364,908. Company insiders own 46.56% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in RVLV. Balyasny Asset Management L.P. grew its position in Revolve Group by 596.9% in the fourth quarter. Balyasny Asset Management L.P. now owns 795,607 shares of the company’s stock worth $26,645,000 after acquiring an additional 681,451 shares during the period. Driehaus Capital Management LLC purchased a new position in Revolve Group in the fourth quarter worth approximately $14,531,000. Algert Global LLC grew its position in Revolve Group by 235.6% in the fourth quarter. Algert Global LLC now owns 303,289 shares of the company’s stock worth $10,157,000 after acquiring an additional 212,914 shares during the period. Woodline Partners LP purchased a new position in shares of Revolve Group during the fourth quarter worth $6,477,000. Finally, Polar Asset Management Partners Inc. purchased a new position in shares of Revolve Group during the third quarter worth $3,982,000. 67.60% of the stock is currently owned by hedge funds and other institutional investors.

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.