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

Shares of Revolve Group, Inc. (NYSE:RVLV) have been given an average rating of “Moderate Buy” by the fourteen brokerages that are presently covering the stock, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $29.07.

A number of brokerages have commented on RVLV. Evercore ISI boosted their target price on Revolve Group from $21.00 to $33.00 and gave the company an “in-line” rating in a research note on Wednesday, November 6th. Roth Mkm reissued a “buy” rating and issued a $35.00 price target (up previously from $29.00) on shares of Revolve Group in a research note on Wednesday, November 6th. Piper Sandler raised their price objective on shares of Revolve Group from $30.00 to $35.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. BTIG Research boosted their target price on shares of Revolve Group from $30.00 to $35.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Finally, Robert W. Baird raised their price target on shares of Revolve Group from $24.00 to $33.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th.

Revolve Group Stock Performance

RVLV stock opened at $29.62 on Thursday. The firm has a 50 day simple moving average of $34.20 and a 200 day simple moving average of $26.38. Revolve Group has a 52 week low of $13.96 and a 52 week high of $39.58. The stock has a market cap of $2.10 billion, a P/E ratio of 52.89, a P/E/G ratio of 2.34 and a beta of 2.18.

Revolve Group (NYSE:RVLV) last issued 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. Revolve Group had a net margin of 3.72% and a return on equity of 10.17%. The company had revenue of $283.15 million during the quarter, compared to analyst estimates of $271.08 million. During the same quarter last year, the business posted $0.04 EPS. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. Sell-side analysts predict that Revolve Group will post 0.6 EPS for the current year.

Insider Activity

In other news, CFO Jesse Timmermans sold 91,625 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $30.72, for a total value of $2,814,720.00. Following the completion of the sale, the chief financial officer now directly owns 3,054 shares of the company’s stock, valued at approximately $93,818.88. This represents a 96.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Michael Mente sold 200,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $31.43, for a total transaction of $6,286,000.00. Following the transaction, the chief executive officer now directly owns 73,000 shares in the company, valued at $2,294,390. This trade represents a 73.26 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 900,807 shares of company stock valued at $29,507,102. 46.56% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Marshall Wace LLP increased its stake in Revolve Group by 141.2% during the second quarter. Marshall Wace LLP now owns 478,623 shares of the company’s stock valued at $7,615,000 after acquiring an additional 280,151 shares during the period. Polar Asset Management Partners Inc. acquired a new stake in shares of Revolve Group during the 3rd quarter worth approximately $3,982,000. JPMorgan Chase & Co. increased its position in shares of Revolve Group by 83.4% during the third quarter. JPMorgan Chase & Co. now owns 349,670 shares of the company’s stock valued at $8,665,000 after purchasing an additional 158,960 shares during the period. Millennium Management LLC increased its position in shares of Revolve Group by 68.1% during the second quarter. Millennium Management LLC now owns 342,084 shares of the company’s stock valued at $5,443,000 after purchasing an additional 138,600 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Revolve Group by 22.1% in the second quarter. Dimensional Fund Advisors LP now owns 683,101 shares of the company’s stock valued at $10,867,000 after purchasing an additional 123,745 shares in the last quarter. Institutional investors and hedge funds 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.