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

Shares of Revolve Group, Inc. (NYSE:RVLV) have been assigned a consensus rating of “Hold” from the sixteen research firms that are presently covering the stock, 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 analysts that have issued a report on the stock in the last year is $26.19.

Several research firms have commented on RVLV. BTIG Research upped their price objective on Revolve Group from $30.00 to $35.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Barclays raised shares of Revolve Group from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $17.00 to $25.00 in a research note on Wednesday, November 6th. Morgan Stanley restated an “equal weight” rating and issued a $26.00 target price (up previously from $17.00) on shares of Revolve Group in a research note on Monday, October 21st. Piper Sandler boosted their price target on shares of Revolve Group from $30.00 to $35.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. Finally, Wedbush reissued a “neutral” rating and set a $19.00 price target on shares of Revolve Group in a report on Wednesday, August 7th.

Insider Transactions at Revolve Group

In related news, CEO Michael Mente sold 71,463 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $35.20, for a total transaction of $2,515,497.60. Following the sale, the chief executive officer now owns 73,000 shares of the company’s stock, valued at $2,569,600. This trade represents a 49.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jesse Timmermans sold 91,625 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $30.72, for a total transaction of $2,814,720.00. Following the completion of the transaction, the chief financial officer now owns 3,054 shares in the company, valued at approximately $93,818.88. This trade represents a 96.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 581,817 shares of company stock valued at $17,870,621 in the last 90 days. 46.56% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Farther Finance Advisors LLC grew its holdings in Revolve Group by 249.7% in the third 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 period. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Revolve Group by 91.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 4,069 shares of the company’s stock valued at $65,000 after purchasing an additional 1,940 shares during the last quarter. Quarry LP purchased a new stake in shares of Revolve Group during the 2nd quarter valued at $68,000. nVerses Capital LLC acquired a new stake in shares of Revolve Group during the 3rd quarter worth $171,000. Finally, LMR Partners LLP purchased a new position in shares of Revolve Group in the 3rd quarter worth $228,000. 67.60% of the stock is currently owned by hedge funds and other institutional investors.

Revolve Group Price Performance

NYSE RVLV opened at $38.80 on Wednesday. The company has a fifty day moving average of $27.58 and a two-hundred day moving average of $22.35. The company has a market capitalization of $2.75 billion, a PE ratio of 69.29, a P/E/G ratio of 2.21 and a beta of 2.05. Revolve Group has a 1 year low of $13.24 and a 1 year high of $39.03.

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