Revolve Group (NYSE:RVLV) Stock Price Expected to Rise, Roth Mkm Analyst Says

Revolve Group (NYSE:RVLV) had its price target lifted by equities researchers at Roth Mkm from $26.00 to $29.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the stock. Roth Mkm’s target price indicates a potential upside of 16.77% from the stock’s current price.

Several other analysts have also commented on the stock. Wedbush restated a “neutral” rating and issued a $19.00 price objective on shares of Revolve Group in a report on Wednesday, August 7th. BTIG Research raised their price objective on shares of Revolve Group from $24.00 to $26.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Robert W. Baird raised their price objective on shares of Revolve Group from $23.00 to $24.00 and gave the stock a “neutral” rating in a report on Wednesday, August 14th. TD Cowen lifted their target price on shares of Revolve Group from $25.00 to $28.00 and gave the company a “buy” rating in a report on Monday, August 26th. Finally, Evercore ISI lifted their target price on shares of Revolve Group from $20.00 to $21.00 and gave the company an “in-line” rating in a report on Wednesday, August 7th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $22.44.

Revolve Group Price Performance

NYSE:RVLV opened at $24.84 on Wednesday. The company has a market cap of $1.75 billion, a P/E ratio of 73.04, a P/E/G ratio of 2.41 and a beta of 2.05. The stock’s fifty day moving average price is $24.36 and its two-hundred day moving average price is $20.85. Revolve Group has a 1 year low of $12.42 and a 1 year high of $26.72.

Revolve Group (NYSE:RVLV) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.08. Revolve Group had a return on equity of 8.35% and a net margin of 3.08%. The company had revenue of $282.50 million for the quarter, compared to the consensus estimate of $277.06 million. During the same quarter last year, the business posted $0.10 earnings per share. The firm’s revenue was up 3.2% compared to the same quarter last year. On average, analysts expect that Revolve Group will post 0.55 earnings per share for the current fiscal year.

Insider Activity

In related news, major shareholder Mmmk Development, Inc. sold 6,493 shares of the 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, major shareholder Mmmk Development, Inc. sold 6,493 shares of the 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael Mente sold 48,346 shares of the stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $26.32, for a total transaction of $1,272,466.72. Following the sale, the chief executive officer now directly owns 73,000 shares of the company’s stock, valued at $1,921,360. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 124,573 shares of company stock worth $3,260,634. Corporate insiders own 46.56% of the company’s stock.

Institutional Investors Weigh In On Revolve Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. Farther Finance Advisors LLC raised its holdings in shares of Revolve Group by 249.7% in the third quarter. Farther Finance Advisors LLC now owns 1,126 shares of the company’s stock worth $28,000 after buying an additional 804 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its holdings in shares of Revolve Group by 91.1% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,069 shares of the company’s stock worth $65,000 after buying an additional 1,940 shares during the last quarter. Quarry LP purchased a new position in shares of Revolve Group in the second quarter worth $68,000. American Century Companies Inc. purchased a new position in shares of Revolve Group in the second quarter worth $165,000. Finally, nVerses Capital LLC purchased a new position in shares of Revolve Group in the third quarter worth $171,000. Hedge funds and other institutional investors own 67.60% of the company’s stock.

About Revolve Group

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.