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

Jefferies Financial Group upgraded shares of Revolve Group (NYSE:RVLV) from a hold rating to a buy rating in a research report sent to investors on Friday morning, Marketbeat Ratings reports. Jefferies Financial Group currently has $30.00 price objective on the stock.

Several other research firms also recently weighed in on RVLV. KeyCorp raised Revolve Group from a “sector weight” rating to an “overweight” rating and set a $37.00 target price for the company in a report on Thursday, January 23rd. Barclays raised their target price on shares of Revolve Group from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 26th. BMO Capital Markets increased their price target on shares of Revolve Group from $15.00 to $19.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 26th. Roth Mkm reiterated a “buy” rating and set a $36.00 target price (up previously from $35.00) on shares of Revolve Group in a research note on Wednesday, February 26th. Finally, Stifel Nicolaus reduced their price objective on Revolve Group from $41.00 to $40.00 and set a “buy” rating for the company in a research note on Wednesday, February 26th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, Revolve Group currently has an average rating of “Moderate Buy” and an average target price of $30.53.

Revolve Group Trading Up 4.7 %

Shares of Revolve Group stock opened at $22.27 on Friday. The company has a fifty day simple moving average of $28.86 and a 200-day simple moving average of $29.17. Revolve Group has a 12-month low of $14.87 and a 12-month high of $39.58. The stock has a market cap of $1.59 billion, a price-to-earnings ratio of 39.76, a PEG ratio of 1.48 and a beta of 2.25.

Insider Buying and Selling at Revolve Group

In other news, CEO Michael Karanikolas sold 12,566 shares of Revolve Group stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $25.94, for a total transaction of $325,962.04. Following the completion of the transaction, the chief executive officer now owns 123,000 shares of the company’s stock, valued at $3,190,620. The trade was a 9.27 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Michael Mente sold 67,118 shares of Revolve Group stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $30.91, for a total transaction of $2,074,617.38. Following the transaction, the chief executive officer now owns 73,000 shares of the company’s stock, valued at approximately $2,256,430. The trade was a 47.90 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 511,649 shares of company stock valued at $16,027,128. Corporate insiders own 46.56% of the company’s stock.

Hedge Funds Weigh In On Revolve Group

A number of institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. raised its stake in Revolve Group by 83.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 349,670 shares of the company’s stock valued at $8,665,000 after purchasing an additional 158,960 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in Revolve Group by 249.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,126 shares of the company’s stock valued at $28,000 after acquiring an additional 804 shares during the last quarter. Barclays PLC lifted its stake in shares of Revolve Group by 156.7% during the 3rd quarter. Barclays PLC now owns 85,613 shares of the company’s stock worth $2,122,000 after purchasing an additional 52,257 shares during the period. Thrivent Financial for Lutherans purchased a new stake in shares of Revolve Group in the third quarter valued at $1,509,000. Finally, Franklin Resources Inc. increased its stake in Revolve Group by 6.9% in the third quarter. Franklin Resources Inc. now owns 27,195 shares of the company’s stock valued at $699,000 after purchasing an additional 1,753 shares during the last quarter. 67.60% of the stock is owned by institutional investors and hedge funds.

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.