KeyCorp Cuts Revolve Group (NYSE:RVLV) Price Target to $25.00

Revolve Group (NYSE:RVLV) had its price target trimmed by KeyCorp from $37.00 to $25.00 in a research note published on Wednesday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Other research analysts also recently issued research reports about the stock. Raymond James dropped their target price on shares of Revolve Group from $25.00 to $21.00 and set an “outperform” rating on the stock in a research report on Wednesday. Barclays upped their price objective on shares of Revolve Group from $25.00 to $26.00 and gave the company an “equal weight” rating in a report on Wednesday, February 26th. Robert W. Baird reduced their target price on Revolve Group from $26.00 to $25.00 and set a “neutral” rating for the company in a research note on Thursday, May 1st. Jefferies Financial Group raised Revolve Group from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research note on Friday, March 14th. Finally, Roth Mkm reissued a “buy” rating and issued a $36.00 price objective (up previously from $35.00) on shares of Revolve Group in a research note on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $26.00.

Revolve Group Trading Up 1.8 %

Shares of RVLV opened at $17.74 on Wednesday. The firm’s fifty day simple moving average is $20.96 and its two-hundred day simple moving average is $27.96. Revolve Group has a 12 month low of $14.87 and a 12 month high of $39.58. The stock has a market capitalization of $1.26 billion, a P/E ratio of 31.68, a price-to-earnings-growth ratio of 1.48 and a beta of 2.10.

Revolve Group (NYSE:RVLV) last announced its earnings results on Tuesday, May 6th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.13 by $0.03. The company had revenue of $296.71 million for the quarter, compared to analyst estimates of $297.56 million. Revolve Group had a return on equity of 10.17% and a net margin of 3.72%. The firm’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.15 EPS. As a group, research analysts predict that Revolve Group will post 0.6 EPS for the current fiscal year.

Insiders Place Their Bets

In other Revolve Group news, CEO Michael Mente sold 67,118 shares of the business’s stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $30.91, for a total value of $2,074,617.38. Following the transaction, the chief executive officer now directly owns 73,000 shares in the company, valued at $2,256,430. The trade was a 47.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael Karanikolas sold 12,566 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $25.94, for a total transaction of $325,962.04. Following the transaction, the chief executive officer now directly owns 123,000 shares of the company’s stock, valued at $3,190,620. This represents a 9.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 145,406 shares of company stock valued at $4,378,812. Corporate insiders own 43.82% of the company’s stock.

Hedge Funds Weigh In On Revolve Group

Several institutional investors have recently bought and sold shares of RVLV. 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 acquiring an additional 158,960 shares during the period. Barclays PLC raised its position in shares of Revolve Group by 156.7% in the third quarter. Barclays PLC now owns 85,613 shares of the company’s stock valued at $2,122,000 after purchasing an additional 52,257 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Revolve Group by 1.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 318,683 shares of the company’s stock worth $10,673,000 after buying an additional 3,470 shares during the period. Hsbc Holdings PLC grew its stake in Revolve Group by 21.9% in the 4th quarter. Hsbc Holdings PLC now owns 16,445 shares of the company’s stock valued at $555,000 after buying an additional 2,955 shares in the last quarter. Finally, Castlekeep Investment Advisors LLC purchased a new stake in shares of Revolve Group during the fourth quarter worth $65,000. Hedge funds and other 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.