Revolve Group, Inc. (NYSE:RVLV) Receives Average Recommendation of “Hold” from Analysts

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

A number of brokerages have recently commented on RVLV. Roth Mkm reiterated a “buy” rating and issued a $35.00 target price (up previously from $29.00) on shares of Revolve Group in a report on Wednesday, November 6th. Stifel Nicolaus lifted their price objective on shares of Revolve Group from $35.00 to $41.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. TD Cowen increased their target price on shares of Revolve Group from $28.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. UBS Group lifted their price target 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. Finally, Piper Sandler increased their price objective on shares of Revolve Group from $30.00 to $35.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th.

Revolve Group Stock Performance

Shares of RVLV opened at $34.10 on Friday. The stock has a market capitalization of $2.41 billion, a PE ratio of 60.89, a P/E/G ratio of 2.34 and a beta of 2.19. The company’s fifty day moving average is $31.96 and its 200 day moving average is $24.42. 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 posted its earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.05. Revolve Group had a net margin of 3.72% and a return on equity of 10.17%. The firm had revenue of $283.15 million for the quarter, compared to the consensus estimate of $271.08 million. During the same period in the previous year, the firm posted $0.04 EPS. The business’s quarterly revenue was up 9.9% on a year-over-year basis. As a group, research analysts forecast that Revolve Group will post 0.6 earnings per share for the current year.

Insider Buying and Selling

In other Revolve Group news, 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Michael Mente sold 200,000 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $31.43, for a total transaction of $6,286,000.00. Following the sale, the chief executive officer now directly owns 73,000 shares of the company’s stock, valued at approximately $2,294,390. The trade was a 73.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 902,839 shares of company stock valued at $29,112,870 over the last three months. 46.56% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Farther Finance Advisors LLC increased its position in Revolve Group by 249.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,126 shares of the company’s stock valued at $28,000 after buying an additional 804 shares in the last quarter. Benjamin F. Edwards & Company Inc. grew its stake in shares of Revolve Group by 91.1% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,069 shares of the company’s stock worth $65,000 after acquiring an additional 1,940 shares during the last quarter. Quarry LP acquired a new position in shares of Revolve Group during the second quarter valued at about $68,000. nVerses Capital LLC purchased a new position in shares of Revolve Group in the 3rd quarter valued at approximately $171,000. Finally, LMR Partners LLP acquired a new stake in Revolve Group in the 3rd quarter worth approximately $228,000. Hedge funds and other institutional investors 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.