William Blair Raises Earnings Estimates for Revolve Group

Revolve Group, Inc. (NYSE:RVLVFree Report) – William Blair raised their FY2024 earnings per share estimates for Revolve Group in a note issued to investors on Tuesday, November 5th. William Blair analyst D. Carden now anticipates that the company will post earnings per share of $0.57 for the year, up from their prior estimate of $0.51. The consensus estimate for Revolve Group’s current full-year earnings is $0.56 per share. William Blair also issued estimates for Revolve Group’s Q4 2024 earnings at $0.06 EPS and FY2025 earnings at $0.63 EPS.

Several other research firms also recently weighed in on RVLV. Robert W. Baird increased their price target on shares of Revolve Group from $24.00 to $33.00 and gave the stock a “neutral” rating in a research report on Wednesday. Barclays raised shares of Revolve Group from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $17.00 to $25.00 in a report on Wednesday. TD Cowen increased their price target on Revolve Group from $28.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday. Evercore ISI lifted their price objective on shares of Revolve Group from $21.00 to $33.00 and gave the stock an “in-line” rating in a research note on Wednesday. Finally, Roth Mkm reissued a “buy” rating and set a $35.00 target price (up previously from $29.00) on shares of Revolve Group in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Revolve Group currently has an average rating of “Hold” and a consensus target price of $26.19.

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Revolve Group Stock Performance

Shares of NYSE:RVLV opened at $32.94 on Thursday. The firm has a market cap of $2.33 billion, a price-to-earnings ratio of 73.91, a price-to-earnings-growth ratio of 2.43 and a beta of 2.05. The business has a 50-day simple moving average of $24.67 and a two-hundred day simple moving average of $21.09. Revolve Group has a fifty-two week low of $12.63 and a fifty-two week high of $33.82.

Revolve Group (NYSE:RVLVGet Free Report) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.05. Revolve Group had a net margin of 3.08% and a return on equity of 8.35%. The company had revenue of $283.15 million during the quarter, compared to analyst estimates of $271.08 million. During the same period last year, the business earned $0.04 EPS. Revolve Group’s quarterly revenue was up 9.9% compared to the same quarter last year.

Insider Activity at Revolve Group

In other news, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, major shareholder Mmmk Development, Inc. sold 6,493 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $25.92, for a total transaction of $168,298.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael Mente sold 36,114 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $25.95, for a total transaction of $937,158.30. Following the completion of the transaction, the chief executive officer now owns 73,000 shares in the company, valued at approximately $1,894,350. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 344,946 shares of company stock worth $10,075,314 in the last 90 days. 46.56% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. LMR Partners LLP acquired a new position in Revolve Group during the 3rd quarter valued at approximately $228,000. Thrivent Financial for Lutherans bought a new stake in shares of Revolve Group in the 3rd quarter worth $1,509,000. Lisanti Capital Growth LLC acquired a new stake in Revolve Group in the 3rd quarter valued at about $2,276,000. Los Angeles Capital Management LLC grew its position in Revolve Group by 17.5% in the third quarter. Los Angeles Capital Management LLC now owns 33,701 shares of the company’s stock worth $835,000 after buying an additional 5,011 shares during the last quarter. Finally, BloombergSen Inc. raised its position in shares of Revolve Group by 39.1% during the third quarter. BloombergSen Inc. now owns 35,239 shares of the company’s stock worth $873,000 after purchasing an additional 9,904 shares during the period. Institutional investors and hedge funds own 67.60% of the company’s stock.

About Revolve Group

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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.

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Earnings History and Estimates for Revolve Group (NYSE:RVLV)

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