Revolve Group (NYSE:RVLV) Given New $26.00 Price Target at Barclays

Revolve Group (NYSE:RVLV) had its price objective boosted by analysts at Barclays from $25.00 to $26.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s target price points to a potential downside of 0.86% from the stock’s previous close.

Other analysts have also issued research reports about the stock. Piper Sandler lifted their price objective on shares of Revolve Group from $30.00 to $35.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. Stifel Nicolaus raised their price target on shares of Revolve Group from $35.00 to $41.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. TD Cowen upped their price objective on shares of Revolve Group from $28.00 to $34.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. BTIG Research increased their price objective on shares of Revolve Group from $30.00 to $35.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Finally, 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 research report on Thursday, January 23rd. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $29.93.

Revolve Group Price Performance

NYSE RVLV opened at $26.23 on Wednesday. The stock has a market capitalization of $1.86 billion, a P/E ratio of 46.83, a P/E/G ratio of 1.48 and a beta of 2.17. The business has a 50 day simple moving average of $30.99 and a 200 day simple moving average of $29.04. Revolve Group has a one year low of $14.87 and a one year high of $39.58.

Insider Activity

In other news, CEO Michael Mente sold 90,266 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $35.80, for a total value of $3,231,522.80. Following the completion of the sale, the chief executive officer now owns 123,000 shares in the company, valued at $4,403,400. This represents a 42.33 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders have sold 687,778 shares of company stock worth $22,364,908 over the last 90 days. 46.56% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Castlekeep Investment Advisors LLC purchased a new stake in Revolve Group in the 4th quarter valued at about $65,000. Neo Ivy Capital Management bought a new position in shares of Revolve Group in the fourth quarter valued at approximately $156,000. Castleark Management LLC purchased a new stake in shares of Revolve Group during the fourth quarter valued at approximately $4,488,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Revolve Group by 25.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 98,920 shares of the company’s stock worth $3,313,000 after acquiring an additional 19,965 shares during the period. Finally, Woodline Partners LP purchased a new position in Revolve Group in the fourth quarter worth $6,477,000. 67.60% of the stock is currently owned by hedge funds and other institutional investors.

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.