Revolve Group (NYSE:RVLV) Hits New 12-Month High - Here's Why

Revolve Group, Inc. (NYSE:RVLV - Get Free Report) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $26.27 and last traded at $26.04, with a volume of 542478 shares changing hands. The stock had previously closed at $25.71.

Analysts Set New Price Targets

RVLV has been the subject of several recent analyst reports. TD Cowen boosted their price objective on Revolve Group from $25.00 to $28.00 and gave the stock a "buy" rating in a report on Monday, August 26th. Evercore ISI upped their target price on shares of Revolve Group from $20.00 to $21.00 and gave the stock an "in-line" rating in a research report on Wednesday, August 7th. Robert W. Baird increased their target price on Revolve Group from $23.00 to $24.00 and gave the company a "neutral" rating in a research note on Wednesday, August 14th. BTIG Research lifted their price target on Revolve Group from $24.00 to $26.00 and gave the stock a "buy" rating in a research note on Friday, August 16th. Finally, Piper Sandler reiterated an "overweight" rating and set a $30.00 price objective on shares of Revolve Group in a research report on Friday, August 23rd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Revolve Group presently has an average rating of "Hold" and an average target price of $21.63.

Revolve Group Stock Up 0.5 %

The stock has a market cap of $1.82 billion, a PE ratio of 57.69, a PEG ratio of 2.41 and a beta of 2.05. The business's 50-day simple moving average is $23.61 and its 200-day simple moving average is $20.34.

Revolve Group (NYSE:RVLV - Get Free Report) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.21 earnings per share for the quarter, topping analysts' consensus estimates of $0.13 by $0.08. The firm had revenue of $282.50 million for the quarter, compared to analyst estimates of $277.06 million. Revolve Group had a return on equity of 8.35% and a net margin of 3.08%. The business's quarterly revenue was up 3.2% compared to the same quarter last year. During the same period last year, the company earned $0.10 EPS. As a group, equities research analysts anticipate that Revolve Group, Inc. will post 0.55 earnings per share for the current fiscal year.

Insider Buying and Selling at Revolve Group

In other news, major shareholder Mmmk Development, Inc. sold 6,493 shares of Revolve Group stock in a transaction dated 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 this hyperlink. Insiders own 46.56% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Creative Planning increased its stake in shares of Revolve Group by 4.6% in the 3rd quarter. Creative Planning now owns 136,225 shares of the company's stock worth $3,376,000 after acquiring an additional 6,018 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Revolve Group in the third quarter worth about $827,000. Cubist Systematic Strategies LLC increased its stake in shares of Revolve Group by 12.1% during the second quarter. Cubist Systematic Strategies LLC now owns 154,077 shares of the company's stock valued at $2,451,000 after purchasing an additional 16,680 shares in the last quarter. Quarry LP purchased a new position in shares of Revolve Group during the second quarter valued at approximately $68,000. Finally, Algert Global LLC boosted its position in shares of Revolve Group by 11.6% in the 2nd quarter. Algert Global LLC now owns 110,377 shares of the company's stock worth $1,756,000 after purchasing an additional 11,497 shares in the last quarter. Hedge funds and other institutional investors own 67.60% of the company's stock.

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.

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