Revolve Group (NYSE:RVLV) Shares Gap Down Following Analyst Downgrade

Revolve Group, Inc. (NYSE:RVLV)’s stock price gapped down prior to trading on Wednesday after Stifel Nicolaus lowered their price target on the stock from $41.00 to $40.00. The stock had previously closed at $28.32, but opened at $27.21. Stifel Nicolaus currently has a buy rating on the stock. Revolve Group shares last traded at $25.99, with a volume of 579,894 shares trading hands.

Several other equities analysts have also commented on the company. Piper Sandler increased their target price on Revolve Group from $30.00 to $35.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. UBS Group raised their price objective on Revolve Group from $25.00 to $30.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. BTIG Research raised their price objective on Revolve Group from $30.00 to $35.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Barclays raised their price objective on Revolve Group from $25.00 to $26.00 and gave the stock an “equal weight” rating in a report on Wednesday. Finally, Roth Mkm reaffirmed a “buy” rating and set a $35.00 price objective (up previously from $29.00) on shares of Revolve Group in a report on Wednesday, November 6th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $29.93.

Insider Buying and Selling

In related news, CEO Michael Mente sold 67,118 shares of the firm’s stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $30.91, for a total value of $2,074,617.38. Following the completion of the sale, the chief executive officer now owns 73,000 shares in the company, valued at $2,256,430. This trade represents a 47.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 687,778 shares of company stock valued at $22,364,908 over the last quarter. 46.56% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Revolve Group

A number of hedge funds have recently added to or reduced their stakes in the company. AlphaQuest LLC lifted its position in Revolve Group by 7.7% in the fourth 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. lifted its position in Revolve Group by 3.2% in 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 lifted its position in Revolve Group by 249.7% in the third quarter. Farther Finance Advisors LLC now owns 1,126 shares of the company’s stock valued at $28,000 after purchasing an additional 804 shares during the period. Navellier & Associates Inc. lifted its position in Revolve Group by 4.1% in the fourth quarter. Navellier & Associates Inc. now owns 25,711 shares of the company’s stock valued at $861,000 after purchasing an additional 1,008 shares during the period. Finally, Venturi Wealth Management LLC lifted its position 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 period. Institutional investors and hedge funds own 67.60% of the company’s stock.

Revolve Group Price Performance

The stock has a market cap of $1.90 billion, a price-to-earnings ratio of 47.95, a P/E/G ratio of 1.48 and a beta of 2.17. The stock’s 50-day moving average is $31.14 and its 200 day moving average is $29.06.

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.