Roth Mkm Reiterates Buy Rating for Revolve Group (NYSE:RVLV)

Revolve Group (NYSE:RVLV)‘s stock had its “buy” rating restated by stock analysts at Roth Mkm in a research note issued to investors on Wednesday,Benzinga reports. They presently have a $36.00 target price on the stock, up from their prior target price of $35.00. Roth Mkm’s price objective suggests a potential upside of 37.27% from the stock’s current price.

A number of other equities research analysts also recently issued reports on the stock. Stifel Nicolaus decreased 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 note on Wednesday. BTIG Research upped their target price on shares of Revolve Group from $30.00 to $35.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Robert W. Baird lifted their price target on Revolve Group from $24.00 to $33.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. TD Cowen boosted their price objective on Revolve Group from $28.00 to $34.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Finally, Barclays raised their price objective on Revolve Group from $25.00 to $26.00 and gave the company an “equal weight” rating in a research note on Wednesday. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Revolve Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.93.

Revolve Group Price Performance

Shares of RVLV opened at $26.23 on Wednesday. The stock has a market capitalization of $1.86 billion, a price-to-earnings ratio of 46.83, a price-to-earnings-growth ratio of 1.48 and a beta of 2.17. Revolve Group has a 1 year low of $14.87 and a 1 year high of $39.58. The business’s 50 day simple moving average is $30.99 and its 200-day simple moving average is $29.04.

Insider Activity

In related news, CEO Michael Mente sold 98,429 shares of the company’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $34.87, for a total transaction of $3,432,219.23. Following the completion of the sale, the chief executive officer now directly owns 123,000 shares in the company, valued at $4,289,010. This represents a 44.45 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Over the last ninety days, insiders have sold 687,778 shares of company stock worth $22,364,908. Corporate insiders own 46.56% of the company’s stock.

Hedge Funds Weigh In On Revolve Group

Several institutional investors and hedge funds have recently bought and sold shares of the company. Balyasny Asset Management L.P. raised its stake in Revolve Group by 596.9% in the fourth quarter. Balyasny Asset Management L.P. now owns 795,607 shares of the company’s stock valued at $26,645,000 after buying an additional 681,451 shares during the last quarter. Driehaus Capital Management LLC acquired a new position in shares of Revolve Group during the fourth quarter valued at about $14,531,000. Algert Global LLC raised its position in shares of Revolve Group by 235.6% in the 4th quarter. Algert Global LLC now owns 303,289 shares of the company’s stock valued at $10,157,000 after purchasing an additional 212,914 shares during the last quarter. Woodline Partners LP acquired a new stake in Revolve Group in the 4th quarter worth approximately $6,477,000. Finally, Polar Asset Management Partners Inc. purchased a new stake in Revolve Group during the 3rd quarter worth approximately $3,982,000. 67.60% of the stock is owned by hedge funds and other institutional investors.

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.