Revolve Group (NYSE:RVLV) Issues Earnings Results

Revolve Group (NYSE:RVLV) announced its quarterly earnings results on Tuesday. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.06, Briefing.com reports. Revolve Group had a net margin of 3.08% and a return on equity of 8.35%. 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 previous year, the company posted $0.04 earnings per share. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year.

Revolve Group Stock Performance

NYSE:RVLV traded up $7.26 during trading hours on Wednesday, hitting $33.28. 3,941,239 shares of the company’s stock traded hands, compared to its average volume of 1,007,379. Revolve Group has a twelve month low of $12.63 and a twelve month high of $33.82. The stock’s fifty day moving average price is $24.47 and its two-hundred day moving average price is $21.01. The firm has a market cap of $2.35 billion, a P/E ratio of 72.04, a P/E/G ratio of 2.43 and a beta of 2.05.

Wall Street Analysts Forecast Growth

RVLV has been the subject of several recent analyst reports. Roth Mkm restated a “buy” rating and issued a $35.00 target price (up previously from $29.00) on shares of Revolve Group in a research report on Wednesday. UBS Group raised their target price on Revolve Group from $25.00 to $30.00 and gave the company a “neutral” rating in a research report on Wednesday. Barclays raised Revolve Group from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $17.00 to $25.00 in a research note on Wednesday. BTIG Research lifted their price objective on shares of Revolve Group from $30.00 to $35.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $26.00 target price (up previously from $17.00) on shares of Revolve Group in a research report on Monday, October 21st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $26.19.

Insider Activity

In other news, major shareholder Mmmk Development, Inc. sold 6,493 shares of the company’s stock in a transaction 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 SEC, which can be accessed through the SEC website. In other news, major shareholder Mmmk Development, Inc. sold 6,493 shares of the stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $25.92, for a total transaction of $168,298.56. The sale 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 the company’s stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $26.32, for a total transaction of $1,272,466.72. Following the completion of the sale, the chief executive officer now 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 124,573 shares of company stock worth $3,260,634 in the last 90 days. Company insiders own 46.56% 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.