Revolve Group, Inc. (NYSE:RVLV)’s share price gapped up prior to trading on Monday . The stock had previously closed at $62.54, but opened at $65.93. Revolve Group shares last traded at $63.97, with a volume of 5,408 shares.
A number of brokerages recently commented on RVLV. Cowen raised their target price on Revolve Group from $65.00 to $70.00 and gave the stock an “outperform” rating in a report on Thursday, August 5th. B. Riley raised their target price on Revolve Group from $58.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, June 29th. Jefferies Financial Group raised Revolve Group from a “hold” rating to a “buy” rating and raised their target price for the stock from $65.00 to $80.00 in a report on Monday. Zacks Investment Research upgraded Revolve Group from a “hold” rating to a “buy” rating and set a $78.00 price target for the company in a research note on Thursday, July 8th. Finally, MKM Partners increased their price target on Revolve Group from $60.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, August 2nd. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, Revolve Group presently has a consensus rating of “Buy” and an average price target of $66.33.
The company has a market cap of $4.65 billion, a PE ratio of 51.15, a price-to-earnings-growth ratio of 2.92 and a beta of 2.62. The company has a 50-day moving average of $64.27 and a 200 day moving average of $56.76.
In other Revolve Group news, CEO Michael Mente sold 30,546 shares of the firm’s stock in a transaction dated Tuesday, August 31st. The shares were sold at an average price of $56.90, for a total value of $1,738,067.40. Following the completion of the sale, the chief executive officer now owns 123,000 shares of the company’s stock, valued at $6,998,700. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Mmmk Development, Inc. sold 200,000 shares of Revolve Group stock in a transaction that occurred on Wednesday, September 1st. The shares were sold at an average price of $62.57, for a total transaction of $12,514,000.00. Following the sale, the insider now directly owns 123,000 shares of the company’s stock, valued at approximately $7,696,110. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,516,059 shares of company stock valued at $97,385,917. 51.12% of the stock is currently owned by company insiders.
Several institutional investors have recently bought and sold shares of RVLV. Nisa Investment Advisors LLC bought a new stake in shares of Revolve Group during the second quarter valued at approximately $34,000. O Shaughnessy Asset Management LLC increased its holdings in Revolve Group by 36.7% during the second quarter. O Shaughnessy Asset Management LLC now owns 678 shares of the company’s stock valued at $47,000 after buying an additional 182 shares during the period. Advisory Services Network LLC purchased a new position in Revolve Group during the second quarter valued at approximately $80,000. Stephens Inc. AR increased its holdings in Revolve Group by 783.5% during the first quarter. Stephens Inc. AR now owns 2,518 shares of the company’s stock valued at $113,000 after buying an additional 2,233 shares during the period. Finally, BNP Paribas Arbitrage SA increased its holdings in Revolve Group by 50.7% during the first quarter. BNP Paribas Arbitrage SA now owns 2,779 shares of the company’s stock valued at $125,000 after buying an additional 935 shares during the period. 49.63% of the stock is owned by hedge funds and other institutional investors.
About Revolve Group (NYSE:RVLV)
Revolve Group, Inc engages in the retail of next-generation fashion for millennial and generation Z consumers. It operates through the Revolve, and Forward segments. The Revolve segment offers assortment of apparel and footwear, accessories and beauty products from emerging, established and owned brands.
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