Revolve Group (NYSE:RVLV) Shares Up 4.1% – What’s Next?

Revolve Group, Inc. (NYSE:RVLV) rose 4.1% during trading on Monday . The stock traded as high as $25.07 and last traded at $25.03. Approximately 872,630 shares changed hands during mid-day trading, a decline of 12% from the average daily volume of 994,394 shares. The stock had previously closed at $24.04.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on RVLV. Barclays increased their price objective on Revolve Group from $25.00 to $26.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 26th. BMO Capital Markets upped their price objective on shares of Revolve Group from $15.00 to $19.00 and gave the company a “market perform” rating in a research report on Wednesday, February 26th. KeyCorp raised 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. Roth Mkm reiterated a “buy” rating and issued a $36.00 price objective (up previously from $35.00) on shares of Revolve Group in a research report on Wednesday, February 26th. Finally, Stifel Nicolaus decreased their target price on shares of Revolve Group from $41.00 to $40.00 and set a “buy” rating on the stock in a research report on Wednesday, February 26th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $30.57.

Revolve Group Stock Down 2.9 %

The stock has a fifty day moving average of $29.52 and a 200-day moving average of $29.19. The firm has a market capitalization of $1.71 billion, a P/E ratio of 42.79, a PEG ratio of 1.48 and a beta of 2.25.

Insiders Place Their Bets

In related news, CEO Michael Karanikolas sold 12,566 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $25.94, for a total value of $325,962.04. Following the completion of the sale, the chief executive officer now owns 123,000 shares of the company’s stock, valued at $3,190,620. This trade represents a 9.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Michael Mente sold 76,835 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $34.14, for a total transaction of $2,623,146.90. Following the completion of the transaction, 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. Over the last three months, insiders sold 511,649 shares of company stock valued at $16,027,128. Insiders own 46.56% of the company’s stock.

Hedge Funds Weigh In On Revolve Group

Hedge funds have recently added to or reduced their stakes in the company. AlphaQuest LLC lifted its position in Revolve Group by 7.7% during the 4th quarter. AlphaQuest LLC now owns 5,535 shares of the company’s stock valued at $185,000 after purchasing an additional 396 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Revolve Group by 3.2% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,809 shares of the company’s stock valued at $730,000 after purchasing an additional 668 shares during the period. Farther Finance Advisors LLC increased its position in shares of Revolve Group by 249.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,126 shares of the company’s stock valued at $28,000 after buying an additional 804 shares in the last quarter. Navellier & Associates Inc. raised its stake in Revolve Group by 4.1% during the 4th quarter. Navellier & Associates Inc. now owns 25,711 shares of the company’s stock worth $861,000 after buying an additional 1,008 shares during the period. Finally, Venturi Wealth Management LLC raised its stake in Revolve Group by 1,302.1% during the 4th quarter. Venturi Wealth Management LLC now owns 1,346 shares of the company’s stock worth $45,000 after buying an additional 1,250 shares during the period. 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.