Revolve Group, Inc. (NYSE:RVLV) Receives $29.07 Average PT from Analysts

Shares of Revolve Group, Inc. (NYSE:RVLV) have been assigned a consensus recommendation of “Moderate Buy” from the fourteen analysts that are presently covering the firm, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $29.07.

A number of research firms have weighed in on RVLV. Roth Mkm reaffirmed a “buy” rating and set a $35.00 price target (up previously from $29.00) on shares of Revolve Group in a research report on Wednesday, November 6th. Stifel Nicolaus increased their target price on shares of Revolve Group from $35.00 to $41.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. TD Cowen lifted their price target on shares of Revolve Group from $28.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Evercore ISI increased 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, November 6th. Finally, Robert W. Baird raised 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.

Insider Activity

In other news, CEO Michael Mente sold 200,000 shares of the 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 transaction, the chief executive officer now directly owns 73,000 shares of the company’s stock, valued at $2,294,390. This represents a 73.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 sale, the chief financial officer now owns 3,054 shares of the company’s stock, valued at approximately $93,818.88. This represents a 96.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 900,807 shares of company stock valued at $29,507,102 over the last three months. Insiders own 46.56% of the company’s stock.

Hedge Funds Weigh In On Revolve Group

Large investors have recently made changes to their positions in the company. American Century Companies Inc. acquired a new position in Revolve Group in the second quarter valued at about $165,000. Federated Hermes Inc. increased its position in shares of Revolve Group by 7.1% during the second quarter. Federated Hermes Inc. now owns 78,934 shares of the company’s stock worth $1,256,000 after buying an additional 5,251 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Revolve Group by 22.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 683,101 shares of the company’s stock valued at $10,867,000 after purchasing an additional 123,745 shares in the last quarter. Hsbc Holdings PLC bought a new position in Revolve Group during the second quarter worth $260,000. Finally, XTX Topco Ltd increased its position in Revolve Group by 148.4% in the 2nd quarter. XTX Topco Ltd now owns 39,586 shares of the company’s stock valued at $630,000 after buying an additional 23,652 shares in the last quarter. Institutional investors own 67.60% of the company’s stock.

Revolve Group Trading Up 1.4 %

RVLV opened at $30.00 on Thursday. The firm’s fifty day simple moving average is $33.96 and its 200 day simple moving average is $26.78. The stock has a market capitalization of $2.12 billion, a P/E ratio of 53.58, a P/E/G ratio of 1.48 and a beta of 2.18. Revolve Group has a 12 month low of $13.96 and a 12 month high of $39.58.

Revolve Group (NYSE:RVLV) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.05. The company had revenue of $283.15 million for the quarter, compared to analyst estimates of $271.08 million. Revolve Group had a return on equity of 10.17% and a net margin of 3.72%. The company’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.04 earnings per share. On average, equities research analysts predict that Revolve Group will post 0.6 EPS for the current fiscal year.

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.