Revolve Group (NYSE:RVLV) Trading Down 6.5% – What’s Next?

Shares of Revolve Group, Inc. (NYSE:RVLV) were down 6.5% during trading on Tuesday . The stock traded as low as $23.46 and last traded at $23.26. Approximately 143,379 shares changed hands during mid-day trading, a decline of 86% from the average daily volume of 994,745 shares. The stock had previously closed at $24.87.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Roth Mkm restated a “buy” rating and set a $36.00 price objective (up previously from $35.00) on shares of Revolve Group in a research report on Wednesday, February 26th. BMO Capital Markets lifted their price objective on Revolve Group from $15.00 to $19.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 26th. KeyCorp upgraded 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. Stifel Nicolaus reduced 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. Finally, Barclays upped their price target on shares of Revolve Group from $25.00 to $26.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 26th. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $30.57.

Revolve Group Stock Performance

The stock’s 50 day simple moving average is $29.70 and its 200-day simple moving average is $29.19. The firm has a market cap of $1.75 billion, a price-to-earnings ratio of 43.93, a price-to-earnings-growth ratio of 1.48 and a beta of 2.25.

Insider Activity at Revolve Group

In other Revolve Group news, CEO Michael Mente sold 62,441 shares of the business’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $34.20, for a total transaction of $2,135,482.20. Following the sale, the chief executive officer now owns 73,000 shares in the company, valued at approximately $2,496,600. The trade was a 46.10 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael Karanikolas sold 12,566 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $25.94, for a total value of $325,962.04. Following the completion of 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 ninety days. Company insiders own 46.56% of the company’s stock.

Institutional Investors Weigh In On Revolve Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RVLV. Castlekeep Investment Advisors LLC acquired a new position in Revolve Group in the fourth quarter valued at approximately $65,000. Neo Ivy Capital Management acquired a new position in shares of Revolve Group in the 4th quarter valued at $156,000. Castleark Management LLC purchased a new stake in Revolve Group during the fourth quarter worth $4,488,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position 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 valued at $3,313,000 after buying an additional 19,965 shares during the period. Finally, Woodline Partners LP purchased a new position in Revolve Group in the fourth quarter valued at $6,477,000. 67.60% of the stock is owned by institutional investors and hedge funds.

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.