Revolve Group (NYSE:RVLV) Reaches New 1-Year High at $25.96

Revolve Group, Inc. (NYSE:RVLV) reached a new 52-week high on Thursday . The stock traded as high as $25.96 and last traded at $25.80, with a volume of 523987 shares. The stock had previously closed at $25.17.

Analysts Set New Price Targets

Several research analysts have recently commented on RVLV shares. Wedbush reissued a “neutral” rating and issued a $19.00 target price on shares of Revolve Group in a report on Wednesday, August 7th. Barclays reduced their price objective on Revolve Group from $15.00 to $14.00 and set an “underweight” rating on the stock in a research note on Thursday, July 18th. TD Cowen lifted their price target on Revolve Group from $25.00 to $28.00 and gave the company a “buy” rating in a report on Monday, August 26th. BTIG Research increased their price objective on shares of Revolve Group from $24.00 to $26.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $30.00 target price on shares of Revolve Group in a research note on Friday, August 23rd. Two analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Revolve Group has a consensus rating of “Hold” and an average target price of $21.44.

Revolve Group Stock Down 1.2 %

The stock has a market cap of $1.80 billion, a price-to-earnings ratio of 74.94, a PEG ratio of 2.28 and a beta of 2.04. The stock’s fifty day moving average is $21.48 and its 200-day moving average is $19.90.

Revolve Group (NYSE:RVLV) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.08. The business had revenue of $282.50 million during the quarter, compared to analysts’ expectations of $277.06 million. Revolve Group had a net margin of 3.08% and a return on equity of 8.35%. The firm’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.10 EPS. As a group, equities research analysts predict that Revolve Group, Inc. will post 0.56 earnings per share for the current fiscal year.

Insider Activity

In other Revolve Group news, major shareholder Mmmk Development, Inc. sold 6,493 shares of the stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $25.92, for a total transaction of $168,298.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 46.56% of the stock is currently owned by company insiders.

Institutional Trading of Revolve Group

A number of institutional investors have recently made changes to their positions in the business. Cubist Systematic Strategies LLC grew its stake in Revolve Group by 12.1% in the second quarter. Cubist Systematic Strategies LLC now owns 154,077 shares of the company’s stock valued at $2,451,000 after purchasing an additional 16,680 shares in the last quarter. Quarry LP acquired a new position in Revolve Group during the second quarter worth $68,000. Creative Planning raised its position in Revolve Group by 13.6% during the second quarter. Creative Planning now owns 130,207 shares of the company’s stock worth $2,072,000 after acquiring an additional 15,552 shares in the last quarter. Algert Global LLC lifted its stake in Revolve Group by 11.6% in the second quarter. Algert Global LLC now owns 110,377 shares of the company’s stock valued at $1,756,000 after acquiring an additional 11,497 shares during the last quarter. Finally, Millennium Management LLC grew its position in shares of Revolve Group by 68.1% in the 2nd quarter. Millennium Management LLC now owns 342,084 shares of the company’s stock valued at $5,443,000 after acquiring an additional 138,600 shares during the period. 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.