Revolve Group (NYSE:RVLV) Sets New 12-Month High – What’s Next?

Revolve Group, Inc. (NYSE:RVLV) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $34.48 and last traded at $34.45, with a volume of 48061 shares traded. The stock had previously closed at $33.57.

Analyst Upgrades and Downgrades

RVLV has been the subject of a number of analyst reports. Morgan Stanley reiterated an “equal weight” rating and issued a $26.00 price target (up previously from $17.00) on shares of Revolve Group in a research note on Monday, October 21st. UBS Group raised their price objective on Revolve Group from $25.00 to $30.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. Barclays upgraded Revolve Group from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $17.00 to $25.00 in a research report on Wednesday, November 6th. Piper Sandler lifted their price target on Revolve Group from $30.00 to $35.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. Finally, BTIG Research lifted their price target on Revolve Group from $30.00 to $35.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $26.19.

Revolve Group Stock Down 3.0 %

The company’s 50 day moving average price is $25.72 and its two-hundred day moving average price is $21.57. The stock has a market cap of $2.36 billion, a P/E ratio of 59.55, a P/E/G ratio of 2.17 and a beta of 2.05.

Revolve Group (NYSE:RVLV) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.05. The firm had revenue of $283.15 million during the quarter, compared to the consensus estimate of $271.08 million. Revolve Group had a net margin of 3.72% and a return on equity of 10.17%. The company’s revenue was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.04 earnings per share. As a group, equities research analysts forecast that Revolve Group, Inc. will post 0.6 earnings per share for the current year.

Insider Buying and Selling

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 shares were sold at an average price of $25.95, for a total value of $937,158.30. Following the completion of the transaction, the chief executive officer now owns 73,000 shares of the company’s stock, valued at $1,894,350. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Revolve Group news, CEO Michael Mente sold 36,114 shares of Revolve Group stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $25.95, for a total value of $937,158.30. Following the transaction, the chief executive officer now directly owns 73,000 shares of the company’s stock, valued at approximately $1,894,350. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Jesse Timmermans sold 91,625 shares of Revolve Group stock in a transaction on 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 transaction, the chief financial officer now directly owns 3,054 shares in the company, valued at $93,818.88. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 436,571 shares of company stock valued at $12,890,034 over the last 90 days. Corporate insiders own 46.56% of the company’s stock.

Institutional Investors Weigh In On Revolve Group

A number of large investors have recently made changes to their positions in RVLV. US Bancorp DE grew its holdings in shares of Revolve Group by 1.8% during the first quarter. US Bancorp DE now owns 39,255 shares of the company’s stock valued at $831,000 after buying an additional 677 shares during the last quarter. Westfield Capital Management Co. LP acquired a new position in Revolve Group during the first quarter valued at $33,735,000. Seven Eight Capital LP acquired a new position in Revolve Group during the first quarter valued at $438,000. Boulder Hill Capital Management LP acquired a new position in Revolve Group during the first quarter valued at $1,116,000. Finally, Price T Rowe Associates Inc. MD lifted its position in Revolve Group by 4.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 26,498 shares of the company’s stock valued at $561,000 after purchasing an additional 1,227 shares during the period. 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.