Revolve Group (NASDAQ:RVLV) PT Raised to $65.00 at Jefferies Financial Group

Revolve Group (NASDAQ:RVLV) had its price target boosted by Jefferies Financial Group from $60.00 to $65.00 in a research report sent to investors on Friday, The Fly reports. They currently have a buy rating on the stock.

Several other equities research analysts have also recently weighed in on the company. Barclays started coverage on Revolve Group in a research note on Tuesday, July 2nd. They set an equal weight rating and a $32.00 price objective on the stock. Credit Suisse Group started coverage on Revolve Group in a research note on Tuesday, July 2nd. They set an outperform rating and a $40.00 price objective on the stock. Cowen started coverage on Revolve Group in a research note on Tuesday, July 2nd. They set an outperform rating and a $42.00 price objective on the stock. Bank of America started coverage on Revolve Group in a research note on Tuesday, July 2nd. They set a neutral rating on the stock. Finally, William Blair started coverage on Revolve Group in a research note on Tuesday, July 2nd. They set an outperform rating on the stock. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus target price of $42.63.

NASDAQ:RVLV opened at $26.39 on Friday. Revolve Group has a 12 month low of $25.11 and a 12 month high of $48.36. The stock has a 50-day moving average price of $34.32.

Revolve Group (NASDAQ:RVLV) last posted its earnings results on Thursday, August 8th. The company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02). The company had revenue of $161.90 million during the quarter, compared to the consensus estimate of $159.93 million. The company’s quarterly revenue was up 22.8% compared to the same quarter last year.

In other news, insider Michael Mente sold 1,352,942 shares of the company’s stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $18.00, for a total transaction of $24,352,956.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Jennifer Baxter Moser sold 9,927,585 shares of the company’s stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $18.00, for a total value of $178,696,530.00. The disclosure for this sale can be found here. Insiders have sold 21,195,238 shares of company stock worth $381,514,284 over the last three months.

Several institutional investors and hedge funds have recently added to or reduced their stakes in RVLV. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Revolve Group during the second quarter valued at approximately $35,000. CenterStar Asset Management LLC bought a new position in shares of Revolve Group during the second quarter valued at approximately $56,000. FNY Investment Advisers LLC bought a new position in shares of Revolve Group during the second quarter valued at approximately $118,000. Gs Investments Inc. bought a new position in shares of Revolve Group during the second quarter valued at approximately $178,000. Finally, Sfmg LLC bought a new position in shares of Revolve Group during the second quarter valued at approximately $201,000.

About Revolve Group

Revolve Group, Inc operates as an online fashion retailer for consumers in the United States and internationally. The company operates a platform that connects consumers and global fashion influencers, as well as emerging, established, and owned brands. It provides women's apparel, footwear, accessories, and beauty styles under a range of established and emerging brands, as well as owned brands.

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Analyst Recommendations for Revolve Group (NASDAQ:RVLV)

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