Revolve Group (NYSE:RVLV) Shares Gap Up – What’s Next?

Revolve Group, Inc. (NYSE:RVLV)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $31.21, but opened at $32.59. Revolve Group shares last traded at $32.23, with a volume of 194,193 shares changing hands.

Analysts Set New Price Targets

A number of brokerages have commented on RVLV. 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 report on Wednesday, November 6th. Morgan Stanley reaffirmed an “equal weight” rating and set a $26.00 price objective (up previously from $17.00) on shares of Revolve Group in a report on Monday, October 21st. Stifel Nicolaus lifted their target price on Revolve Group from $35.00 to $41.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. UBS Group raised their price target on Revolve Group from $25.00 to $30.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Finally, Piper Sandler upped their target price on shares of Revolve Group from $30.00 to $35.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Revolve Group currently has a consensus rating of “Moderate Buy” and an average target price of $29.60.

Revolve Group Stock Up 0.3 %

The company has a fifty day simple moving average of $33.78 and a two-hundred day simple moving average of $27.06. The stock has a market capitalization of $2.23 billion, a P/E ratio of 56.33, a price-to-earnings-growth ratio of 1.58 and a beta of 2.18.

Revolve Group (NYSE:RVLV) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.15 earnings per share (EPS) for the quarter, topping 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 company had revenue of $283.15 million during the quarter, compared to the consensus estimate of $271.08 million. During the same quarter in the prior year, the firm earned $0.04 earnings per share. The firm’s revenue was up 9.9% compared to the same quarter last year. As a group, equities analysts forecast that Revolve Group, Inc. will post 0.6 earnings per share for the current year.

Insider Buying and Selling at Revolve Group

In related news, CFO Jesse Timmermans sold 91,625 shares of the stock in a transaction that occurred 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 sale, the chief financial officer now owns 3,054 shares of the company’s stock, valued at $93,818.88. This represents a 96.77 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Michael Mente sold 200,000 shares of the company’s stock in a transaction on 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 sale, the chief executive officer now owns 73,000 shares of the company’s stock, valued at approximately $2,294,390. The trade was a 73.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 900,807 shares of company stock worth $29,507,102 over the last 90 days. Company insiders own 46.56% of the company’s stock.

Institutional Investors Weigh In On Revolve Group

Institutional investors and hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its holdings in shares of Revolve Group by 83.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 349,670 shares of the company’s stock worth $8,665,000 after acquiring an additional 158,960 shares during the period. Harbor Capital Advisors Inc. grew its position in Revolve Group by 46.1% in the third quarter. Harbor Capital Advisors Inc. now owns 107,148 shares of the company’s stock valued at $2,655,000 after acquiring an additional 33,812 shares during the last quarter. Lisanti Capital Growth LLC bought a new position in shares of Revolve Group in the third quarter worth about $2,276,000. Farther Finance Advisors LLC grew its holdings in shares of Revolve Group by 249.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,126 shares of the company’s stock valued at $28,000 after purchasing an additional 804 shares during the last quarter. Finally, Barclays PLC lifted its stake in Revolve Group by 156.7% in the 3rd quarter. Barclays PLC now owns 85,613 shares of the company’s stock valued at $2,122,000 after purchasing an additional 52,257 shares during the last quarter. 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.