Credit Suisse analyst Michael Binetti maintained a Buy rating on Revolve Group (RVLV) on May 13 and set a price target of $17.00. The company’s shares closed last Friday at $13.41, close to its 52-week low of $7.17.
According to TipRanks.com, Binetti is a 4-star analyst with an average return of 4.9% and a 52.8% success rate. Binetti covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies, Lululemon Athletica, and Burlington Stores.
Currently, the analyst consensus on Revolve Group is a Moderate Buy with an average price target of $15.50, an 8.5% upside from current levels. In a report issued on May 14, B.Riley FBR also reiterated a Buy rating on the stock with a $17.00 price target.
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The company has a one-year high of $48.36 and a one-year low of $7.17. Currently, Revolve Group has an average volume of 1.19M.
Based on the recent corporate insider activity of 16 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of RVLV in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Revolve Group, Inc. engages in the retail of next-generation fashion for millenial consumers. It operates through the following segments: Revolve and Forward. The Revolve segment offers assortment of apparel and footwear, accessories and beauty products from emerging, established and owned brands. The Forward segment provides luxury products. The company was founded by Michael Mente and Mike Karanikolas in 2003 and is headquartered in Cerritos, CA.
