Revolve Group’s (RVLV) Buy Rating Reaffirmed at Roth Mkm

Revolve Group (NYSE:RVLV)‘s stock had its “buy” rating reiterated by Roth Mkm in a research note issued on Wednesday,Benzinga reports. They presently have a $36.00 price objective on the stock, up from their previous price objective of $35.00. Roth Mkm’s price target indicates a potential upside of 32.67% from the company’s previous close.

Other research analysts also recently issued research reports about the company. BTIG Research increased their target price on Revolve Group from $30.00 to $35.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. 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 report on Thursday, January 23rd. UBS Group upped their target price on shares of Revolve Group from $25.00 to $30.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. Piper Sandler boosted their price target on Revolve Group from $30.00 to $35.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. Finally, Robert W. Baird boosted their price target on Revolve Group from $24.00 to $33.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $29.93.

Revolve Group Price Performance

RVLV traded down $1.19 during midday trading on Wednesday, reaching $27.14. 1,307,497 shares of the company’s stock traded hands, compared to its average volume of 1,218,468. The firm has a fifty day moving average of $31.28 and a two-hundred day moving average of $29.08. The stock has a market capitalization of $1.92 billion, a price-to-earnings ratio of 48.32, a P/E/G ratio of 1.48 and a beta of 2.17. Revolve Group has a 52 week low of $14.87 and a 52 week high of $39.58.

Insider Transactions at Revolve Group

In related news, CEO Michael Mente sold 67,118 shares of the company’s stock in a transaction on Friday, February 14th. The shares were sold at an average price of $30.91, for a total value of $2,074,617.38. Following the completion of the sale, the chief executive officer now owns 73,000 shares in the company, valued at $2,256,430. This represents a 47.90 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In the last quarter, insiders have sold 687,778 shares of company stock valued at $22,364,908. 46.56% of the stock is owned by insiders.

Hedge Funds Weigh In On Revolve Group

A number of large investors have recently bought and sold shares of RVLV. Balyasny Asset Management L.P. boosted its holdings in Revolve Group by 596.9% during the fourth quarter. Balyasny Asset Management L.P. now owns 795,607 shares of the company’s stock worth $26,645,000 after purchasing an additional 681,451 shares during the last quarter. Driehaus Capital Management LLC bought a new position in shares of Revolve Group in the 4th quarter valued at about $14,531,000. Algert Global LLC increased its position in shares of Revolve Group by 235.6% in the fourth quarter. Algert Global LLC now owns 303,289 shares of the company’s stock valued at $10,157,000 after acquiring an additional 212,914 shares during the last quarter. Woodline Partners LP acquired a new stake in shares of Revolve Group in the fourth quarter valued at about $6,477,000. Finally, Polar Asset Management Partners Inc. bought a new stake in Revolve Group during the third quarter worth about $3,982,000. Institutional investors and hedge funds 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.