Revolve Group, Inc. (NYSE:RVLV) Given Average Recommendation of “Hold” by Brokerages

Shares of Revolve Group, Inc. (NYSE:RVLV) have been given a consensus recommendation of “Hold” by the sixteen analysts that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $26.19.

A number of research analysts have weighed in on the stock. Piper Sandler upped their price objective on shares of Revolve Group from $30.00 to $35.00 and gave the stock an “overweight” rating in a research report on Wednesday. Robert W. Baird boosted their price objective on Revolve Group from $24.00 to $33.00 and gave the company a “neutral” rating in a research report on Wednesday. Roth Mkm reiterated a “buy” rating and set a $35.00 target price (up previously from $29.00) on shares of Revolve Group in a research report on Wednesday. Morgan Stanley reissued an “equal weight” rating and issued a $26.00 price target (up previously from $17.00) on shares of Revolve Group in a report on Monday, October 21st. Finally, UBS Group increased their price objective on shares of Revolve Group from $25.00 to $30.00 and gave the company a “neutral” rating in a report on Wednesday.

Insider Buying and Selling

In other Revolve Group news, CEO Michael Mente sold 200,000 shares of Revolve Group stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $31.43, for a total value of $6,286,000.00. Following the completion of the transaction, the chief executive officer now directly owns 73,000 shares of the company’s stock, valued at $2,294,390. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, major shareholder Mmmk Development, Inc. sold 6,493 shares of the firm’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $25.92, for a total value of $168,298.56. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Michael Mente sold 200,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $31.43, for a total transaction of $6,286,000.00. Following the transaction, the chief executive officer now owns 73,000 shares of the company’s stock, valued at approximately $2,294,390. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 344,946 shares of company stock valued at $10,075,314. Corporate insiders own 46.56% of the company’s stock.

Institutional Investors Weigh In On Revolve Group

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Westfield Capital Management Co. LP acquired a new stake in shares of Revolve Group during the first quarter worth about $33,735,000. Marshall Wace LLP lifted its stake in Revolve Group by 141.2% in the second quarter. Marshall Wace LLP now owns 478,623 shares of the company’s stock valued at $7,615,000 after buying an additional 280,151 shares during the last quarter. Comerica Bank boosted its holdings in shares of Revolve Group by 12,630.9% in the first quarter. Comerica Bank now owns 179,888 shares of the company’s stock valued at $3,808,000 after acquiring an additional 178,475 shares during the period. Millennium Management LLC grew its position in shares of Revolve Group by 68.1% during the second quarter. Millennium Management LLC now owns 342,084 shares of the company’s stock worth $5,443,000 after acquiring an additional 138,600 shares during the last quarter. Finally, Silvercrest Asset Management Group LLC increased its holdings in shares of Revolve Group by 55.7% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 376,620 shares of the company’s stock valued at $7,973,000 after acquiring an additional 134,775 shares during the period. Institutional investors and hedge funds own 67.60% of the company’s stock.

Revolve Group Trading Up 27.8 %

Shares of Revolve Group stock opened at $33.26 on Friday. The firm has a market capitalization of $2.35 billion, a price-to-earnings ratio of 72.04, a PEG ratio of 2.43 and a beta of 2.05. The firm’s 50 day simple moving average is $24.47 and its two-hundred day simple moving average is $21.01. Revolve Group has a 12-month low of $12.63 and a 12-month high of $33.82.

Revolve Group (NYSE:RVLV) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.06. Revolve Group had a return on equity of 8.35% and a net margin of 3.08%. The company had revenue of $283.15 million for the quarter, compared to the consensus estimate of $271.08 million. During the same period last year, the firm earned $0.04 EPS. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. On average, sell-side analysts predict that Revolve Group will post 0.56 EPS for the current fiscal year.

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.