Revolve Group (NYSE:RVLV) Trading Up 4.6% – What’s Next?

Revolve Group, Inc. (NYSE:RVLV) rose 4.6% on Monday . The stock traded as high as $30.06 and last traded at $29.94. Approximately 775,705 shares traded hands during mid-day trading, a decline of 31% from the average daily volume of 1,123,956 shares. The stock had previously closed at $28.61.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on RVLV. Evercore ISI upped their target price on Revolve Group from $21.00 to $33.00 and gave the stock an “in-line” rating in a report 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. UBS Group increased their price objective on Revolve Group from $25.00 to $30.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Stifel Nicolaus raised their target price on shares of Revolve Group from $35.00 to $41.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Finally, Robert W. Baird upped their price target on shares of Revolve Group from $24.00 to $33.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $29.60.

Revolve Group Stock Performance

The firm has a market cap of $2.11 billion, a P/E ratio of 53.23, a P/E/G ratio of 1.48 and a beta of 2.17. The firm’s fifty day moving average is $31.60 and its 200 day moving average is $28.99.

Insider Transactions at Revolve Group

In other Revolve Group news, CEO Michael Mente sold 44,962 shares of the stock in a transaction on Monday, January 27th. The stock was sold at an average price of $30.93, for a total transaction of $1,390,674.66. Following the transaction, the chief executive officer now owns 73,000 shares in the company, valued at $2,257,890. This trade represents a 38.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold a total of 687,778 shares of company stock worth $22,364,908 over the last quarter. Company insiders own 46.56% of the company’s stock.

Institutional Trading of Revolve Group

A number of institutional investors have recently bought and sold shares of RVLV. Farther Finance Advisors LLC boosted its stake in Revolve Group by 249.7% in the third 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. Harbor Capital Advisors Inc. increased its position in 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 purchasing an additional 33,812 shares in the last quarter. BloombergSen Inc. lifted its stake in Revolve Group by 39.1% in the 3rd quarter. BloombergSen Inc. now owns 35,239 shares of the company’s stock valued at $873,000 after purchasing an additional 9,904 shares during the last quarter. Los Angeles Capital Management LLC boosted its position in Revolve Group by 17.5% in the third quarter. Los Angeles Capital Management LLC now owns 33,701 shares of the company’s stock valued at $835,000 after buying an additional 5,011 shares in the last quarter. Finally, Lisanti Capital Growth LLC bought a new stake in shares of Revolve Group during the third quarter worth $2,276,000. 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.