Revolve Group (RVLV) to Release Quarterly Earnings on Tuesday

Revolve Group (NYSE:RVLV) is anticipated to issue its quarterly earnings data after the market closes on Tuesday, February 25th. Analysts expect the company to announce earnings of $0.09 per share and revenue of $283.22 million for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Revolve Group Price Performance

RVLV stock opened at $28.60 on Friday. The business has a 50 day simple moving average of $31.60 and a 200-day simple moving average of $28.95. The firm has a market capitalization of $2.02 billion, a PE ratio of 51.06, a price-to-earnings-growth ratio of 1.48 and a beta of 2.17. Revolve Group has a 1 year low of $14.87 and a 1 year high of $39.58.

Insiders Place Their Bets

In other Revolve Group news, CEO Michael Mente sold 67,118 shares of the company’s stock in a transaction on Friday, February 14th. The stock was sold at an average price of $30.91, for a total transaction of $2,074,617.38. Following the transaction, the chief executive officer now directly owns 73,000 shares in the company, valued at $2,256,430. This represents a 47.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 687,778 shares of company stock worth $22,364,908 over the last ninety days. Corporate insiders own 46.56% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on RVLV shares. Robert W. Baird upped their price objective on Revolve Group from $24.00 to $33.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Evercore ISI upped their price objective on Revolve Group from $21.00 to $33.00 and gave the company an “in-line” rating in a report on Wednesday, November 6th. Piper Sandler upped their price objective on Revolve Group from $30.00 to $35.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. BTIG Research upped their price objective on Revolve Group from $30.00 to $35.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Finally, KeyCorp upgraded Revolve Group from a “sector weight” rating to an “overweight” rating and set a $37.00 price objective on the stock in a report on Thursday, January 23rd. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $29.60.

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.