UBS Group Issues Positive Forecast for Revolve Group (NYSE:RVLV) Stock Price

Revolve Group (NYSE:RVLV) had its price target upped by UBS Group from $25.00 to $30.00 in a research report report published on Wednesday morning,Benzinga reports. They currently have a neutral rating on the stock.

A number of other equities research analysts have also recently commented on RVLV. TD Cowen lifted their target price on Revolve Group from $28.00 to $34.00 and gave the stock a “buy” rating in a research note on Wednesday. BTIG Research lifted their price objective on Revolve Group from $30.00 to $35.00 and gave the stock a “buy” rating in a report on Wednesday. Wedbush reaffirmed a “neutral” rating and set a $19.00 target price on shares of Revolve Group in a report on Wednesday, August 7th. Barclays raised Revolve Group from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $17.00 to $25.00 in a report on Wednesday. Finally, Robert W. Baird lifted their target price on Revolve Group from $24.00 to $33.00 and gave the company a “neutral” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $26.19.

Revolve Group Price Performance

NYSE RVLV opened at $31.47 on Wednesday. The stock has a market capitalization of $2.22 billion, a price-to-earnings ratio of 56.20, a PEG ratio of 2.97 and a beta of 2.05. Revolve Group has a one year low of $12.63 and a one year high of $33.82. The business’s fifty day moving average is $25.04 and its 200-day moving average is $21.26.

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

Insider Transactions at Revolve Group

In related news, CEO Michael Mente sold 36,114 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $25.95, for a total value of $937,158.30. Following the completion of the sale, the chief executive officer now owns 73,000 shares in the company, valued at $1,894,350. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CEO Michael Mente sold 36,114 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $25.95, for a total value of $937,158.30. Following the completion of the sale, the chief executive officer now owns 73,000 shares in the company, valued at $1,894,350. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Mmmk Development, Inc. sold 6,493 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $25.92, for a total value of $168,298.56. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 436,571 shares of company stock valued at $12,890,034. 46.56% of the stock is owned by corporate insiders.

Institutional Trading of Revolve Group

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Westfield Capital Management Co. LP bought a new stake in Revolve Group in the first quarter valued at approximately $33,735,000. Dimensional Fund Advisors LP increased its stake in shares of Revolve Group by 22.1% during the second quarter. Dimensional Fund Advisors LP now owns 683,101 shares of the company’s stock valued at $10,867,000 after buying an additional 123,745 shares during the period. Marshall Wace LLP increased its stake in shares of 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 buying an additional 280,151 shares during the period. Silvercrest Asset Management Group LLC increased its stake in shares of 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 buying an additional 134,775 shares during the period. Finally, Millennium Management LLC increased its stake in shares of Revolve Group by 68.1% during the second quarter. Millennium Management LLC now owns 342,084 shares of the company’s stock valued at $5,443,000 after buying an additional 138,600 shares during the period. Institutional investors own 67.60% of the company’s stock.

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.