Evercore ISI Increases Revolve Group (NYSE:RVLV) Price Target to $33.00

Revolve Group (NYSE:RVLV) had its price target lifted by stock analysts at Evercore ISI from $21.00 to $33.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has an “in-line” rating on the stock. Evercore ISI’s price objective would suggest a potential upside of 0.18% from the company’s previous close.

A number of other brokerages also recently weighed in on RVLV. UBS Group boosted their price target on Revolve Group from $21.00 to $25.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Roth Mkm boosted their target price on Revolve Group from $26.00 to $29.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Robert W. Baird increased their price target on Revolve Group from $24.00 to $33.00 and gave the company a “neutral” rating in a research note on Wednesday. Piper Sandler lifted their price objective on shares of Revolve Group from $30.00 to $35.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, Wedbush reissued a “neutral” rating and issued a $19.00 price objective on shares of Revolve Group in a research report on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Revolve Group currently has an average rating of “Hold” and an average price target of $26.19.

Revolve Group Trading Down 1.0 %

NYSE:RVLV opened at $32.94 on Wednesday. The stock has a market capitalization of $2.33 billion, a PE ratio of 73.20, a P/E/G ratio of 2.43 and a beta of 2.05. Revolve Group has a 1-year low of $12.63 and a 1-year high of $33.82. The firm has a fifty day simple moving average of $24.87 and a 200 day simple moving average of $21.18.

Revolve Group (NYSE:RVLV) last announced 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 firm had revenue of $283.15 million during the quarter, compared to analysts’ expectations of $271.08 million. Revolve Group had a net margin of 3.08% and a return on equity of 8.35%. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.04 earnings per share. On average, equities analysts predict that Revolve Group will post 0.56 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, major shareholder Mmmk Development, Inc. sold 6,493 shares of Revolve Group stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $25.92, for a total value of $168,298.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Revolve Group 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 document filed with the SEC, which is accessible through the SEC website. Also, CEO Michael Mente sold 48,346 shares of Revolve Group stock in a transaction 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 transaction, the chief executive officer now directly owns 73,000 shares of the company’s stock, valued at $1,921,360. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 344,946 shares of company stock worth $10,075,314 in the last quarter. Corporate insiders own 46.56% of the company’s stock.

Institutional Investors Weigh In On Revolve Group

Large investors have recently bought and sold shares of the company. Westfield Capital Management Co. LP acquired a new position in shares of Revolve Group in the 1st quarter valued at approximately $33,735,000. Dimensional Fund Advisors LP increased its stake in Revolve Group by 22.1% in the second quarter. Dimensional Fund Advisors LP now owns 683,101 shares of the company’s stock valued at $10,867,000 after acquiring an additional 123,745 shares during the last quarter. Marshall Wace LLP raised its position in Revolve Group by 141.2% during the second quarter. Marshall Wace LLP now owns 478,623 shares of the company’s stock valued at $7,615,000 after purchasing an additional 280,151 shares in the last quarter. Silvercrest Asset Management Group LLC raised its position in Revolve Group by 55.7% during the first quarter. Silvercrest Asset Management Group LLC now owns 376,620 shares of the company’s stock valued at $7,973,000 after purchasing an additional 134,775 shares in the last quarter. Finally, Millennium Management LLC lifted its stake in Revolve Group by 68.1% during the second quarter. Millennium Management LLC now owns 342,084 shares of the company’s stock worth $5,443,000 after purchasing an additional 138,600 shares during the last quarter. 67.60% of the stock is currently owned by institutional investors and hedge funds.

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.