Revolve Group (NYSE:RVLV) Upgraded to Buy at Jefferies Financial Group

Jefferies Financial Group upgraded shares of Revolve Group (NYSE:RVLV) from a hold rating to a buy rating in a report released on Friday morning, MarketBeat reports. Jefferies Financial Group currently has $30.00 price target on the stock.

Several other analysts also recently issued reports on the company. Barclays increased their price target on Revolve Group from $25.00 to $26.00 and gave the company an “equal weight” rating in a report on Wednesday, February 26th. Stifel Nicolaus lowered their price objective on shares of Revolve Group from $41.00 to $40.00 and set a “buy” rating for the company in a research report on Wednesday, February 26th. KeyCorp upgraded shares of Revolve Group from a “sector weight” rating to an “overweight” rating and set a $37.00 target price for the company in a research note on Thursday, January 23rd. BMO Capital Markets upped their price objective on shares of Revolve Group from $15.00 to $19.00 and gave the company a “market perform” rating in a research report on Wednesday, February 26th. Finally, Roth Mkm reaffirmed a “buy” rating and set a $36.00 target price (up from $35.00) on shares of Revolve Group in a research report on Wednesday, February 26th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $30.53.

Revolve Group Stock Up 4.7 %

Shares of RVLV stock opened at $22.27 on Friday. Revolve Group has a fifty-two week low of $14.87 and a fifty-two week high of $39.58. The firm’s 50 day moving average price is $28.86 and its two-hundred day moving average price is $29.17. The stock has a market cap of $1.59 billion, a price-to-earnings ratio of 39.76, a price-to-earnings-growth ratio of 1.48 and a beta of 2.25.

Insider Activity at Revolve Group

In other Revolve Group news, CEO Michael Karanikolas sold 12,566 shares of the firm’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $25.94, for a total value of $325,962.04. Following the sale, the chief executive officer now directly owns 123,000 shares in the company, valued at approximately $3,190,620. This trade represents a 9.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Michael Mente sold 62,441 shares of the company’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $34.20, for a total transaction of $2,135,482.20. Following the transaction, the chief executive officer now owns 73,000 shares of the company’s stock, valued at $2,496,600. This represents a 46.10 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 511,649 shares of company stock valued at $16,027,128. Corporate insiders own 46.56% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Castlekeep Investment Advisors LLC acquired a new stake in Revolve Group in the 4th quarter valued at approximately $65,000. Neo Ivy Capital Management bought a new stake in shares of Revolve Group during the 4th quarter worth about $156,000. Castleark Management LLC bought a new position in shares of Revolve Group in the fourth quarter valued at approximately $4,488,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Revolve Group by 25.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 98,920 shares of the company’s stock valued at $3,313,000 after acquiring an additional 19,965 shares during the period. Finally, Woodline Partners LP bought a new stake in Revolve Group during the fourth quarter worth approximately $6,477,000. 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.