Revolve Group (NYSE:RVLV) Rating Increased to Buy at Jefferies Financial Group

Jefferies Financial Group upgraded shares of Revolve Group (NYSE:RVLV) from a hold rating to a buy rating in a report issued on Friday morning, MarketBeat reports. They currently have $30.00 target price on the stock.

RVLV has been the topic of several other reports. Stifel Nicolaus cut their price target 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. BMO Capital Markets boosted their price target on shares of Revolve Group from $15.00 to $19.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 26th. Barclays boosted their price target on shares of Revolve Group from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 26th. KeyCorp upgraded shares of Revolve Group from a “sector weight” rating to an “overweight” rating and set a $37.00 price objective on the stock in a research note on Thursday, January 23rd. Finally, Roth Mkm reiterated a “buy” rating and issued a $36.00 target price (up from $35.00) on shares of Revolve Group in a research note on Wednesday, February 26th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Revolve Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $30.53.

Revolve Group Price Performance

Shares of NYSE:RVLV opened at $22.27 on Friday. The company’s 50-day moving average price is $28.86 and its two-hundred day moving average price is $29.09. Revolve Group has a one year low of $14.87 and a one year high of $39.58. The stock has a market capitalization of $1.59 billion, a PE ratio of 39.76, a price-to-earnings-growth ratio of 1.48 and a beta of 2.25.

Insider Buying and Selling at Revolve Group

In other news, CEO Michael Mente sold 62,441 shares of the firm’s stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $34.20, for a total transaction of $2,135,482.20. Following the transaction, the chief executive officer now directly owns 73,000 shares of the company’s stock, valued at approximately $2,496,600. This trade represents a 46.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Michael Karanikolas sold 12,566 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $25.94, for a total transaction of $325,962.04. Following the transaction, the chief executive officer now directly owns 123,000 shares in the company, valued at $3,190,620. This represents a 9.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 511,649 shares of company stock valued at $16,027,128 in the last three months. 46.56% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. FMR LLC increased its holdings in shares of Revolve Group by 0.7% during the fourth quarter. FMR LLC now owns 5,743,151 shares of the company’s stock worth $192,338,000 after purchasing an additional 38,694 shares during the period. Vanguard Group Inc. boosted its position in shares of Revolve Group by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 3,832,207 shares of the company’s stock worth $128,341,000 after acquiring an additional 65,602 shares in the last quarter. Balyasny Asset Management L.P. boosted its position in shares of Revolve Group by 596.9% during the 4th 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 in the last quarter. Driehaus Capital Management LLC acquired a new stake in shares of Revolve Group during the 4th quarter worth approximately $14,531,000. Finally, Wells Fargo & Company MN boosted its position in shares of Revolve Group by 1.2% during the 4th quarter. Wells Fargo & Company MN now owns 411,738 shares of the company’s stock worth $13,789,000 after acquiring an additional 4,946 shares in the last quarter. 67.60% of the stock is owned by 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.