Revolve Group (NYSE:RVLV) Stock Price Up 4.6% – Should You Buy?

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

Analysts Set New Price Targets

A number of brokerages have recently commented on RVLV. Roth Mkm reiterated a “buy” rating and set a $35.00 price target (up previously from $29.00) on shares of Revolve Group in a report on Wednesday, November 6th. Barclays raised Revolve Group from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $17.00 to $25.00 in a report on Wednesday, November 6th. KeyCorp upgraded Revolve Group from a “sector weight” rating to an “overweight” rating and set a $37.00 price target on the stock in a research report on Thursday, January 23rd. Robert W. Baird raised their price objective on Revolve Group from $24.00 to $33.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Finally, TD Cowen upped their target price on Revolve Group from $28.00 to $34.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $29.60.

Revolve Group Trading Up 4.2 %

The firm’s 50-day moving average price is $31.60 and its 200 day moving average price is $28.99. The company has a market cap of $2.11 billion, a price-to-earnings ratio of 53.23, a P/E/G ratio of 1.48 and a beta of 2.17.

Insiders Place Their Bets

In other news, CEO Michael Mente sold 98,429 shares of the business’s stock in a transaction that occurred 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 owns 123,000 shares in the company, valued at $4,289,010. The trade was a 44.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last ninety days, insiders sold 687,778 shares of company stock worth $22,364,908. 46.56% of the stock is currently owned by company insiders.

Institutional Trading of Revolve Group

A number of hedge funds and other institutional investors have recently bought and sold shares of RVLV. Farther Finance Advisors LLC boosted its stake in Revolve Group by 249.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,126 shares of the company’s stock valued at $28,000 after purchasing an additional 804 shares during the last quarter. Venturi Wealth Management LLC grew its holdings in Revolve Group by 1,302.1% during the fourth quarter. Venturi Wealth Management LLC now owns 1,346 shares of the company’s stock valued at $45,000 after purchasing an additional 1,250 shares during the period. Sugar Maple Asset Management LLC purchased a new stake in Revolve Group in the 4th quarter worth about $50,000. Castlekeep Investment Advisors LLC purchased a new position in shares of Revolve Group in the fourth quarter worth about $65,000. Finally, Northwest & Ethical Investments L.P. bought a new stake in Revolve Group during the 4th quarter valued at $87,000. 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.