Revolve Group FY2024 EPS Estimate Increased by Roth Capital

Revolve Group, Inc. (NYSE:RVLV) – Analysts at Roth Capital increased their FY2024 earnings per share (EPS) estimates for Revolve Group in a report released on Wednesday, November 6th. Roth Capital analyst M. Koranda now forecasts that the company will earn $0.61 per share for the year, up from their prior forecast of $0.60. The consensus estimate for Revolve Group’s current full-year earnings is $0.56 per share. Roth Capital also issued estimates for Revolve Group’s Q3 2025 earnings at $0.19 EPS, FY2025 earnings at $0.69 EPS and FY2026 earnings at $0.90 EPS.

Several other equities research analysts have also commented on the company. Barclays raised Revolve Group from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $17.00 to $25.00 in a research note on Wednesday. Evercore ISI boosted their target price on Revolve Group from $21.00 to $33.00 and gave the stock an “in-line” rating in a research report on Wednesday. TD Cowen raised their price target on Revolve Group from $28.00 to $34.00 and gave the company a “buy” rating in a research report on Wednesday. Piper Sandler boosted 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. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $26.00 price objective (up from $17.00) on shares of Revolve Group in a research note on Monday, October 21st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $26.19.

Revolve Group Trading Down 1.0 %

RVLV stock opened at $32.94 on Thursday. The company’s 50-day moving average price is $24.67 and its 200 day moving average price is $21.09. Revolve Group has a 52 week low of $12.63 and a 52 week high of $33.82. The company has a market cap of $2.33 billion, a P/E ratio of 73.91, a P/E/G ratio of 2.43 and a beta of 2.05.

Revolve Group (NYSE:RVLV) last issued its earnings results on Tuesday, November 5th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.10 by $0.05. The company had revenue of $283.15 million for the quarter, compared to analyst estimates of $271.08 million. Revolve Group had a net margin of 3.08% and a return on equity of 8.35%. The business’s revenue was up 9.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.04 EPS.

Institutional Investors Weigh In On Revolve Group

Several hedge funds have recently modified their holdings of RVLV. Comerica Bank boosted its holdings in 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 last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Revolve Group during the 1st quarter worth about $1,432,000. Silvercrest Asset Management Group LLC grew its holdings in shares of Revolve Group by 55.7% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 376,620 shares of the company’s stock worth $7,973,000 after purchasing an additional 134,775 shares during the period. XTX Topco Ltd increased its position in Revolve Group by 148.4% during the 2nd quarter. XTX Topco Ltd now owns 39,586 shares of the company’s stock worth $630,000 after purchasing an additional 23,652 shares in the last quarter. Finally, Harbor Capital Advisors Inc. raised its holdings in Revolve Group by 410.8% in the second quarter. Harbor Capital Advisors Inc. now owns 73,336 shares of the company’s stock valued at $1,167,000 after buying an additional 58,979 shares during the period. 67.60% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, major shareholder Mmmk Development, Inc. sold 6,493 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $25.92, for a total transaction of $168,298.56. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Revolve Group news, CEO Michael Mente sold 200,000 shares of the firm’s 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 sale, the chief executive officer now directly owns 73,000 shares of the company’s stock, valued at approximately $2,294,390. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Mmmk Development, Inc. sold 6,493 shares of Revolve Group stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $25.92, for a total value of $168,298.56. The disclosure for this sale can be found here. Insiders sold a total of 344,946 shares of company stock valued at $10,075,314 over the last 90 days. Insiders own 46.56% 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.