Revolve Group (NYSE:RVLV) Upgraded at KeyCorp

KeyCorp upgraded shares of Revolve Group (NYSE:RVLV) from a sector weight rating to an overweight rating in a research note released on Thursday morning, MarketBeat Ratings reports. They currently have $37.00 price target on the stock. KeyCorp also issued estimates for Revolve Group’s Q4 2024 earnings at $0.10 EPS and FY2025 earnings at $0.74 EPS.

RVLV has been the topic of a number of other reports. Piper Sandler raised their price target on Revolve Group from $30.00 to $35.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. UBS Group raised their target price on shares of Revolve Group from $25.00 to $30.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Evercore ISI boosted their price target on shares of Revolve Group from $21.00 to $33.00 and gave the stock an “in-line” rating in a research report on Wednesday, November 6th. BTIG Research increased their price objective on shares of Revolve Group from $30.00 to $35.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Finally, Stifel Nicolaus boosted their target price on Revolve Group from $35.00 to $41.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $29.60.

Revolve Group Stock Up 0.3 %

Revolve Group stock opened at $31.54 on Thursday. Revolve Group has a 52-week low of $14.04 and a 52-week high of $39.58. The firm has a market capitalization of $2.23 billion, a price-to-earnings ratio of 56.33, a PEG ratio of 1.58 and a beta of 2.18. The firm has a 50-day moving average price of $33.78 and a two-hundred day moving average price of $27.14.

Revolve Group (NYSE:RVLV) last issued its quarterly earnings data 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 return on equity of 10.17% and a net margin of 3.72%. The business had revenue of $283.15 million during the quarter, compared to the consensus estimate of $271.08 million. During the same period in the previous year, the firm posted $0.04 earnings per share. The business’s revenue was up 9.9% on a year-over-year basis. Research analysts expect that Revolve Group will post 0.6 earnings per share for the current year.

Insider Buying and Selling at Revolve Group

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC boosted its stake in shares of Revolve Group by 249.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,126 shares of the company’s stock valued at $28,000 after buying an additional 804 shares during the period. Sugar Maple Asset Management LLC purchased a new position in Revolve Group in the fourth quarter valued at about $50,000. Benjamin F. Edwards & Company Inc. increased its position in Revolve Group by 91.1% in 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 last quarter. Quarry LP acquired a new stake in shares of Revolve Group during the 2nd quarter valued at about $68,000. Finally, Dakota Wealth Management bought a new stake in shares of Revolve Group in the 4th quarter valued at approximately $211,000. 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.