Revolve Group (NYSE:RVLV) Price Target Raised to $41.00

Revolve Group (NYSE:RVLV) had its target price lifted by Stifel Nicolaus from $35.00 to $41.00 in a research note published on Wednesday morning,Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

Several other equities research analysts also recently issued reports on RVLV. Barclays upgraded shares of Revolve Group from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $17.00 to $25.00 in a research note on Wednesday, November 6th. UBS Group raised their price objective on shares of Revolve Group from $25.00 to $30.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. Robert W. Baird raised their price objective on shares of Revolve Group from $24.00 to $33.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. Morgan Stanley restated an “equal weight” rating and issued a $26.00 price objective (up previously from $17.00) on shares of Revolve Group in a research note on Monday, October 21st. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $35.00 target price (up from $29.00) on shares of Revolve Group in a research report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $27.25.

Revolve Group Stock Down 2.8 %

Shares of RVLV stock opened at $37.09 on Wednesday. Revolve Group has a 12 month low of $13.96 and a 12 month high of $39.03. The business’s 50 day moving average is $30.89 and its two-hundred day moving average is $23.86. The company has a market cap of $2.62 billion, a PE ratio of 66.23, a price-to-earnings-growth ratio of 2.40 and a beta of 2.19.

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

Insider Activity at Revolve Group

In related news, CEO Michael Mente sold 98,429 shares of Revolve Group stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $34.87, for a total value of $3,432,219.23. Following the completion of the sale, the chief executive officer now directly owns 123,000 shares in the company, valued at $4,289,010. This trade represents a 44.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Mmmk Development, Inc. sold 33,164 shares of Revolve Group stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $26.26, for a total value of $870,886.64. The disclosure for this sale can be found here. Insiders sold 770,512 shares of company stock valued at $24,534,363 over the last ninety days. 46.56% of the stock is owned by insiders.

Institutional Trading of Revolve Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its position in shares of Revolve Group by 249.7% during the 3rd 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 period. Benjamin F. Edwards & Company Inc. grew its position in shares of Revolve Group by 91.1% during the 2nd 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 period. Quarry LP acquired a new position in shares of Revolve Group during the 2nd quarter worth about $68,000. American Century Companies Inc. acquired a new position in shares of Revolve Group during the 2nd quarter worth about $165,000. Finally, nVerses Capital LLC acquired a new position in shares of Revolve Group during the 3rd quarter worth about $171,000. 67.60% of the stock is currently owned by institutional investors and hedge funds.

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.