Revolve Group (NYSE:RVLV) Price Target Raised to $19.00 at BMO Capital Markets

Revolve Group (NYSE:RVLV) had its price target hoisted by BMO Capital Markets from $15.00 to $19.00 in a research note issued to investors on Wednesday morning,Benzinga reports. BMO Capital Markets currently has a market perform rating on the stock.

A number of other brokerages have also commented on RVLV. TD Cowen raised their price objective on shares of Revolve Group from $28.00 to $34.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. UBS Group raised 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. Stifel Nicolaus dropped their price objective on shares of Revolve Group from $41.00 to $40.00 and set a “buy” rating on the stock in a report on Wednesday. Robert W. Baird raised 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. Finally, Evercore ISI raised their price objective on shares of Revolve Group from $21.00 to $33.00 and gave the stock an “in-line” rating in a report on Wednesday, November 6th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.93.

Revolve Group Stock Performance

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

Insider Activity

In other news, CEO Michael Mente sold 98,429 shares of Revolve Group stock in a transaction dated 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 of the company’s stock, valued at $4,289,010. This trade represents a 44.45 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold a total of 687,778 shares of company stock valued at $22,364,908 in the last quarter. Company insiders own 46.56% of the company’s stock.

Institutional Trading of Revolve Group

Several hedge funds and other institutional investors have recently modified their holdings of the stock. FMR LLC boosted its holdings in shares of Revolve Group by 0.7% during the 4th quarter. FMR LLC now owns 5,743,151 shares of the company’s stock worth $192,338,000 after buying an additional 38,694 shares during the period. Vanguard Group Inc. boosted its holdings 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 buying an additional 65,602 shares during the period. Balyasny Asset Management L.P. boosted its holdings 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 buying an additional 681,451 shares during the period. Driehaus Capital Management LLC bought a new stake in shares of Revolve Group during the 4th quarter worth about $14,531,000. Finally, Wells Fargo & Company MN boosted its holdings 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 buying an additional 4,946 shares during the period. Institutional investors own 67.60% of the company’s stock.

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.