Revolve Group, Inc. (NYSE:RVLV) Receives Average Recommendation of “Moderate Buy” from Analysts

Revolve Group, Inc. (NYSE:RVLV) has been assigned an average rating of “Moderate Buy” from the fourteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $29.07.

A number of equities analysts recently commented on RVLV shares. Stifel Nicolaus increased their price objective on Revolve Group from $35.00 to $41.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Roth Mkm restated a “buy” rating and set a $35.00 price target (up previously from $29.00) on shares of Revolve Group in a research note on Wednesday, November 6th. Barclays upgraded shares of Revolve Group from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $17.00 to $25.00 in a report on Wednesday, November 6th. Piper Sandler upped their price objective on shares of Revolve Group from $30.00 to $35.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. Finally, TD Cowen raised their target price on Revolve Group from $28.00 to $34.00 and gave the company a “buy” rating in a report on Wednesday, November 6th.

Revolve Group Stock Performance

Shares of RVLV opened at $30.00 on Thursday. The company has a market capitalization of $2.12 billion, a PE ratio of 53.58, a PEG ratio of 1.48 and a beta of 2.18. The company’s 50 day moving average price is $33.96 and its 200 day moving average price is $26.78. Revolve Group has a 52 week low of $13.96 and a 52 week high of $39.58.

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

Insider Activity

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

Institutional Trading of Revolve Group

A number of large investors have recently bought and sold shares of RVLV. Janney Montgomery Scott LLC bought a new stake in shares of Revolve Group during the fourth quarter worth $275,000. Dakota Wealth Management acquired a new stake in shares of Revolve Group in the 4th quarter valued at approximately $211,000. Sugar Maple Asset Management LLC acquired a new stake in Revolve Group in the fourth quarter worth $50,000. JPMorgan Chase & Co. grew its holdings in shares of Revolve Group by 83.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 349,670 shares of the company’s stock valued at $8,665,000 after buying an additional 158,960 shares during the period. Finally, Franklin Resources Inc. increased its position in shares of Revolve Group by 6.9% in the 3rd quarter. Franklin Resources Inc. now owns 27,195 shares of the company’s stock valued at $699,000 after buying an additional 1,753 shares in the last quarter. 67.60% of the stock is currently owned by institutional investors.

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.