FY2024 EPS Estimates for Revolve Group Lifted by Analyst

Revolve Group, Inc. (NYSE:RVLV) – Roth Capital raised their FY2024 earnings estimates for Revolve Group in a research note issued on Tuesday, October 29th. Roth Capital analyst M. Koranda now anticipates that the company will post earnings per share of $0.60 for the year, up from their prior forecast of $0.57. The consensus estimate for Revolve Group’s current full-year earnings is $0.55 per share. Roth Capital also issued estimates for Revolve Group’s Q4 2024 earnings at $0.12 EPS, Q1 2025 earnings at $0.14 EPS, Q2 2025 earnings at $0.17 EPS, Q4 2025 earnings at $0.18 EPS and FY2026 earnings at $0.79 EPS.

Revolve Group (NYSE:RVLV) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.13 by $0.08. Revolve Group had a return on equity of 8.35% and a net margin of 3.08%. The business had revenue of $282.50 million during the quarter, compared to analysts’ expectations of $277.06 million. During the same period last year, the firm earned $0.10 EPS. The company’s quarterly revenue was up 3.2% compared to the same quarter last year.

A number of other equities analysts also recently issued reports on the stock. Robert W. Baird increased their price target on shares of Revolve Group from $23.00 to $24.00 and gave the company a “neutral” rating in a report on Wednesday, August 14th. Piper Sandler reiterated an “overweight” rating and set a $30.00 price target on shares of Revolve Group in a research report on Friday, August 23rd. Wedbush reissued a “neutral” rating and set a $19.00 price target on shares of Revolve Group in a research note on Wednesday, August 7th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $26.00 price objective (up from $17.00) on shares of Revolve Group in a research note on Monday, October 21st. Finally, BTIG Research boosted their target price on Revolve Group from $24.00 to $26.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Revolve Group has a consensus rating of “Hold” and an average price target of $22.44.

Revolve Group Stock Performance

Revolve Group stock opened at $24.84 on Thursday. The company has a market cap of $1.75 billion, a P/E ratio of 73.04, a price-to-earnings-growth ratio of 2.41 and a beta of 2.05. Revolve Group has a one year low of $12.42 and a one year high of $26.72. The business has a fifty day moving average of $24.36 and a two-hundred day moving average of $20.85.

Insider Activity

In other news, major shareholder Mmmk Development, Inc. sold 6,493 shares of the firm’s stock in a transaction on 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 SEC, which is available at the SEC website. In related news, CEO Michael Mente sold 48,346 shares of the business’s stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $26.32, for a total value of $1,272,466.72. Following the completion of the sale, the chief executive officer now directly owns 73,000 shares in the company, valued at approximately $1,921,360. The trade was a 0.00 % decrease in their ownership of the stock. The transaction 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 6,493 shares of the stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $25.92, for a total transaction of $168,298.56. The disclosure for this sale can be found here. Insiders sold a total of 124,573 shares of company stock valued at $3,260,634 over the last 90 days. Insiders own 46.56% of the company’s stock.

Institutional Trading of Revolve Group

Institutional investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC grew its position in Revolve Group by 249.7% during the third quarter. Farther Finance Advisors LLC now owns 1,126 shares of the company’s stock valued at $28,000 after acquiring an additional 804 shares during the period. Benjamin F. Edwards & Company Inc. grew its holdings 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 purchasing an additional 1,940 shares during the period. Quarry LP purchased a new stake in shares of Revolve Group during the 2nd quarter worth about $68,000. nVerses Capital LLC acquired a new stake in Revolve Group during the 3rd quarter worth approximately $171,000. Finally, American Century Companies Inc. purchased a new position in Revolve Group in the second quarter valued at approximately $165,000. 67.60% of the stock is owned by hedge funds and other institutional investors.

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.