Roth Mkm Reaffirms Buy Rating for Revolve Group (NYSE:RVLV)

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

Several other analysts also recently issued reports on the stock. Piper Sandler upped their price objective on shares of Revolve Group from $30.00 to $35.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. Robert W. Baird upped their price objective on shares of Revolve Group from $24.00 to $33.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. KeyCorp raised shares of Revolve Group from a “sector weight” rating to an “overweight” rating and set a $37.00 price objective for the company in a report on Thursday, January 23rd. UBS Group upped their price objective on shares of Revolve Group from $25.00 to $30.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Finally, Stifel Nicolaus decreased their price objective on shares of Revolve Group from $41.00 to $40.00 and set a “buy” rating for the company in a report on Wednesday. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $29.93.

Revolve Group Stock Down 5.2 %

Shares of RVLV opened at $26.85 on Wednesday. The company’s fifty day moving average is $31.14 and its 200-day moving average is $29.06. Revolve Group has a 12 month low of $14.87 and a 12 month high of $39.58. The firm has a market cap of $1.90 billion, a price-to-earnings ratio of 47.95, a price-to-earnings-growth ratio of 1.48 and a beta of 2.17.

Insider Buying and Selling at Revolve Group

In other news, CEO Michael Mente sold 98,429 shares of the stock in a transaction on Wednesday, December 4th. The shares were 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 owns 123,000 shares in the company, valued at approximately $4,289,010. This represents a 44.45 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold a total of 687,778 shares of company stock valued at $22,364,908 in the last ninety days. Company insiders own 46.56% of the company’s stock.

Hedge Funds Weigh In On Revolve Group

A number of hedge funds have recently made changes to their positions in RVLV. Balyasny Asset Management L.P. raised its stake in shares of Revolve Group by 596.9% in the 4th quarter. Balyasny Asset Management L.P. now owns 795,607 shares of the company’s stock valued at $26,645,000 after buying an additional 681,451 shares in the last quarter. Driehaus Capital Management LLC acquired a new stake in shares of Revolve Group during the 4th quarter worth about $14,531,000. Algert Global LLC increased its position in shares of Revolve Group by 235.6% during the 4th quarter. Algert Global LLC now owns 303,289 shares of the company’s stock worth $10,157,000 after purchasing an additional 212,914 shares in the last quarter. Woodline Partners LP bought a new position in Revolve Group during the 4th quarter valued at about $6,477,000. Finally, Polar Asset Management Partners Inc. bought a new position in Revolve Group during the 3rd quarter valued at about $3,982,000. Institutional investors and hedge funds 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.