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

Revolve Group, Inc. (NYSE:RVLV) has been assigned an average recommendation of “Hold” from the sixteen analysts that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $27.25.

Several research analysts recently issued reports on RVLV shares. Robert W. Baird raised their target price on shares of Revolve Group from $24.00 to $33.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Morgan Stanley reaffirmed an “equal weight” rating and set a $26.00 price target (up from $17.00) on shares of Revolve Group in a research report on Monday, October 21st. Evercore ISI boosted their price objective on Revolve Group from $21.00 to $33.00 and gave the company an “in-line” rating in a report on Wednesday, November 6th. Barclays raised Revolve Group from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $17.00 to $25.00 in a report on Wednesday, November 6th. Finally, TD Cowen boosted their price target on Revolve Group from $28.00 to $34.00 and gave the company a “buy” rating in a report on Wednesday, November 6th.

Revolve Group Stock Performance

Revolve Group stock opened at $34.10 on Friday. The business’s 50-day simple moving average is $31.96 and its two-hundred day simple moving average is $24.42. The company has a market cap of $2.41 billion, a PE ratio of 60.89, a PEG ratio of 2.34 and a beta of 2.19. Revolve Group has a fifty-two week low of $13.96 and a fifty-two week high of $39.58.

Revolve Group (NYSE:RVLV) last issued its earnings results on Tuesday, November 5th. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.05. Revolve Group had a return on equity of 10.17% and a net margin of 3.72%. The firm had revenue of $283.15 million for the quarter, compared to analyst estimates of $271.08 million. During the same quarter in the prior year, the firm earned $0.04 earnings per share. Revolve Group’s revenue for the quarter was up 9.9% on a year-over-year basis. As a group, analysts predict that Revolve Group will post 0.6 EPS for the current fiscal year.

Insider Buying and Selling at Revolve Group

In other news, CEO Michael Mente sold 36,114 shares of the company’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $25.95, for a total transaction of $937,158.30. Following the completion of the sale, the chief executive officer now owns 73,000 shares of the company’s stock, valued at $1,894,350. This represents a 33.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Mmmk Development, Inc. sold 33,164 shares of the firm’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $26.26, for a total transaction of $870,886.64. The disclosure for this sale can be found here. Insiders have sold a total of 902,839 shares of company stock valued at $29,112,870 over the last ninety days. Corporate insiders own 46.56% of the company’s stock.

Institutional Trading of Revolve Group

Hedge funds have recently bought and sold shares of the business. XTX Topco Ltd increased its stake in shares of Revolve Group by 148.4% in the 2nd quarter. XTX Topco Ltd now owns 39,586 shares of the company’s stock worth $630,000 after acquiring an additional 23,652 shares during the last quarter. Harbor Capital Advisors Inc. increased its position in Revolve Group by 46.1% during the third quarter. Harbor Capital Advisors Inc. now owns 107,148 shares of the company’s stock worth $2,655,000 after purchasing an additional 33,812 shares during the last quarter. Lisanti Capital Growth LLC purchased a new position in Revolve Group during the third quarter worth about $2,276,000. Farther Finance Advisors LLC boosted its holdings in Revolve Group by 249.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,126 shares of the company’s stock valued at $28,000 after purchasing an additional 804 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of Revolve Group in the 3rd quarter valued at approximately $827,000. Institutional investors and hedge funds 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.