Revolve Group (NYSE:RVLV) Price Target Cut to $40.00 by Analysts at Stifel Nicolaus

Revolve Group (NYSE:RVLV) had its price target lowered by analysts at Stifel Nicolaus from $41.00 to $40.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ target price would suggest a potential upside of 61.42% from the company’s current price.

RVLV has been the subject of several other reports. Evercore ISI boosted their price objective on Revolve Group from $21.00 to $33.00 and gave the stock an “in-line” rating in a research report on Wednesday, November 6th. UBS Group boosted their price target on Revolve Group from $25.00 to $30.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. BTIG Research raised their price target on Revolve Group from $30.00 to $35.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Robert W. Baird lifted their price objective on shares of Revolve Group from $24.00 to $33.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Finally, Barclays upped 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 note on Wednesday. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $29.60.

Revolve Group Trading Down 12.5 %

Shares of NYSE:RVLV opened at $24.78 on Wednesday. The firm has a market cap of $1.75 billion, a PE ratio of 47.82, a price-to-earnings-growth ratio of 1.48 and a beta of 2.17. The company has a fifty day simple moving average of $31.28 and a 200 day simple moving average of $29.08. Revolve Group has a 12-month low of $14.87 and a 12-month high of $39.58.

Insider Activity

In other Revolve Group news, CEO Michael Mente sold 67,118 shares of the company’s stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $30.91, for a total transaction of $2,074,617.38. Following the completion of the sale, the chief executive officer now owns 73,000 shares of the company’s stock, valued at $2,256,430. This 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 through the SEC website. In the last 90 days, insiders have sold 687,778 shares of company stock worth $22,364,908. 46.56% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Farther Finance Advisors LLC raised its stake 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. Venturi Wealth Management LLC lifted its stake in Revolve Group by 1,302.1% during the fourth quarter. Venturi Wealth Management LLC now owns 1,346 shares of the company’s stock worth $45,000 after purchasing an additional 1,250 shares during the period. Sugar Maple Asset Management LLC bought a new position in Revolve Group during the fourth quarter worth about $50,000. Castlekeep Investment Advisors LLC acquired a new stake in Revolve Group during the fourth quarter valued at approximately $65,000. Finally, Northwest & Ethical Investments L.P. acquired a new position in shares of Revolve Group in the 4th quarter worth approximately $87,000. 67.60% of the stock is owned by institutional investors.

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.