Revolve Group, Inc. (NYSE:RVLV) Receives $22.44 Consensus Price Target from Analysts

Revolve Group, Inc. (NYSE:RVLV) has been given a consensus recommendation of “Hold” by the sixteen ratings firms that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $22.44.

Several research analysts have recently commented on RVLV shares. TD Cowen increased their price target on shares of Revolve Group from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Monday, August 26th. Wedbush reaffirmed a “neutral” rating and set a $19.00 price objective on shares of Revolve Group in a report on Wednesday, August 7th. Roth Mkm upped their price objective on shares of Revolve Group from $26.00 to $29.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Barclays upped their price objective on shares of Revolve Group from $15.00 to $17.00 and gave the stock an “underweight” rating in a report on Wednesday, October 2nd. Finally, UBS Group upped their price objective on shares of Revolve Group from $21.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th.

Insider Buying and Selling

In related news, major shareholder Mmmk Development, Inc. sold 6,493 shares of the stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Revolve Group news, CEO Michael Mente sold 48,346 shares of the firm’s stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $26.32, for a total value of $1,272,466.72. Following the completion of the sale, the chief executive officer now owns 73,000 shares in the company, valued at approximately $1,921,360. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Mmmk Development, Inc. sold 6,493 shares of the firm’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $25.92, for a total transaction of $168,298.56. The disclosure for this sale can be found here. Insiders sold 124,573 shares of company stock worth $3,260,634 in the last quarter. 46.56% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Revolve Group

Several institutional investors have recently modified their holdings of RVLV. Westfield Capital Management Co. LP acquired a new stake in shares of Revolve Group during the 1st quarter worth approximately $33,735,000. Marshall Wace LLP boosted its stake in Revolve Group by 141.2% during the 2nd quarter. Marshall Wace LLP now owns 478,623 shares of the company’s stock worth $7,615,000 after acquiring an additional 280,151 shares during the last quarter. Comerica Bank boosted its stake in Revolve Group by 12,630.9% during the 1st quarter. Comerica Bank now owns 179,888 shares of the company’s stock worth $3,808,000 after acquiring an additional 178,475 shares during the last quarter. Millennium Management LLC boosted its stake in Revolve Group by 68.1% during the 2nd 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 boosted its stake in 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 acquiring an additional 134,775 shares during the last quarter. Institutional investors and hedge funds own 67.60% of the company’s stock.

Revolve Group Stock Up 1.2 %

Shares of RVLV opened at $25.27 on Friday. The company’s fifty day moving average is $24.38 and its 200-day moving average is $20.92. Revolve Group has a 12 month low of $12.63 and a 12 month high of $26.72. The firm has a market cap of $1.78 billion, a price-to-earnings ratio of 56.16, a price-to-earnings-growth ratio of 2.39 and a beta of 2.05.

Revolve Group (NYSE:RVLV) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.13 by $0.08. Revolve Group had a net margin of 3.08% and a return on equity of 8.35%. The company had revenue of $282.50 million for the quarter, compared to analyst estimates of $277.06 million. During the same quarter in the prior year, the business posted $0.10 EPS. Revolve Group’s quarterly revenue was up 3.2% on a year-over-year basis. As a group, research analysts predict that Revolve Group will post 0.56 earnings per share for the current fiscal year.

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.