Stifel Nicolaus Issues Pessimistic Forecast for Revolve Group (NYSE:RVLV) Stock Price

Revolve Group (NYSE:RVLV) had its target price reduced by investment analysts at Stifel Nicolaus from $41.00 to $40.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ target price would indicate a potential upside of 52.53% from the stock’s previous close.

RVLV has been the topic of several other research reports. Roth Mkm reissued a “buy” rating and set a $35.00 target price (up previously from $29.00) on shares of Revolve Group in a research note on Wednesday, November 6th. BTIG Research lifted their target price on Revolve Group from $30.00 to $35.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. UBS Group lifted their target price on Revolve Group from $25.00 to $30.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. KeyCorp raised Revolve Group from a “sector weight” rating to an “overweight” rating and set a $37.00 target price on the stock in a research note on Thursday, January 23rd. Finally, Barclays lifted their target price on Revolve Group from $25.00 to $26.00 and gave the company an “equal weight” rating in a research note on Wednesday. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, Revolve Group presently has an average rating of “Moderate Buy” and a consensus target price of $29.93.

Revolve Group Stock Down 2.5 %

NYSE RVLV opened at $26.23 on Wednesday. The stock’s 50-day moving average price is $30.99 and its 200-day moving average price is $29.04. Revolve Group has a 52 week low of $14.87 and a 52 week high of $39.58. The company has a market capitalization of $1.86 billion, a P/E ratio of 46.83, a price-to-earnings-growth ratio of 1.48 and a beta of 2.17.

Insider Transactions at Revolve Group

In other news, CEO Michael Mente sold 69,605 shares of Revolve Group stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $29.77, for a total value of $2,072,140.85. Following the completion of the transaction, the chief executive officer now owns 73,000 shares in the company, valued at approximately $2,173,210. The trade was a 48.81 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last 90 days, insiders sold 687,778 shares of company stock worth $22,364,908. 46.56% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Revolve Group

A number of institutional investors and hedge funds have recently modified their holdings of RVLV. Farther Finance Advisors LLC boosted its holdings 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 worth $28,000 after purchasing an additional 804 shares during the period. Harbor Capital Advisors Inc. lifted its stake in shares of Revolve Group by 46.1% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 107,148 shares of the company’s stock worth $2,655,000 after acquiring an additional 33,812 shares during the last quarter. BloombergSen Inc. lifted its stake in shares of Revolve Group by 39.1% during the 3rd quarter. BloombergSen Inc. now owns 35,239 shares of the company’s stock worth $873,000 after acquiring an additional 9,904 shares during the last quarter. Los Angeles Capital Management LLC lifted its stake in shares of Revolve Group by 17.5% during the 3rd quarter. Los Angeles Capital Management LLC now owns 33,701 shares of the company’s stock worth $835,000 after acquiring an additional 5,011 shares during the last quarter. Finally, Lisanti Capital Growth LLC bought a new stake in shares of Revolve Group during the 3rd quarter worth approximately $2,276,000. Hedge funds and other institutional investors own 67.60% of the company’s stock.

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.