Roth Capital Forecasts Stronger Earnings for Revolve Group

Revolve Group, Inc. (NYSE:RVLV - Free Report) - Roth Capital increased their FY2024 earnings estimates for Revolve Group in a report issued on Tuesday, October 29th. Roth Capital analyst M. Koranda now forecasts that the company will post earnings of $0.60 per share for the year, up from their previous estimate of $0.57. The consensus estimate for Revolve Group's current full-year earnings is $0.55 per share. Roth Capital also issued estimates for Revolve Group's Q4 2024 earnings at $0.12 EPS, Q1 2025 earnings at $0.14 EPS, Q2 2025 earnings at $0.17 EPS, Q4 2025 earnings at $0.18 EPS and FY2026 earnings at $0.79 EPS.

Revolve Group (NYSE:RVLV - Get Free Report) last released its earnings results on Tuesday, August 6th. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.13 by $0.08. Revolve Group had a net margin of 3.08% and a return on equity of 8.35%. The firm had revenue of $282.50 million for the quarter, compared to the consensus estimate of $277.06 million. During the same quarter in the previous year, the firm earned $0.10 earnings per share. The company's quarterly revenue was up 3.2% compared to the same quarter last year.

Other equities research analysts have also recently issued research reports about the stock. UBS Group boosted their price target on shares of Revolve Group from $21.00 to $25.00 and gave the stock a "neutral" rating in a research report on Thursday, October 17th. Morgan Stanley restated an "equal weight" rating and issued a $26.00 price target (up previously from $17.00) on shares of Revolve Group in a research report on Monday, October 21st. Wedbush restated a "neutral" rating and issued a $19.00 price target on shares of Revolve Group in a research report on Wednesday, August 7th. Evercore ISI boosted their price target 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. 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 equities 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 stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $22.44.

Revolve Group Trading Down 1.9 %

RVLV traded down $0.47 during trading hours on Thursday, hitting $24.84. The company's stock had a trading volume of 765,290 shares, compared to its average volume of 995,464. The business's 50-day moving average price is $24.36 and its 200-day moving average price is $20.85. Revolve Group has a 12 month low of $12.42 and a 12 month high of $26.72. The stock has a market cap of $1.75 billion, a price-to-earnings ratio of 73.04, a P/E/G ratio of 2.41 and a beta of 2.05.

Institutional Trading of Revolve Group

A number of hedge funds have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC lifted its position in shares of Revolve Group by 249.7% during the third quarter. Farther Finance Advisors LLC now owns 1,126 shares of the company's stock valued at $28,000 after buying an additional 804 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its position in shares of Revolve Group by 91.1% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,069 shares of the company's stock valued at $65,000 after buying an additional 1,940 shares during the last quarter. Quarry LP purchased a new stake in shares of Revolve Group during the second quarter valued at about $68,000. American Century Companies Inc. purchased a new stake in shares of Revolve Group during the second quarter valued at about $165,000. Finally, nVerses Capital LLC purchased a new stake in shares of Revolve Group during the third quarter valued at about $171,000. 67.60% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Revolve Group

In related news, CEO Michael Mente sold 48,346 shares of the company's stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $26.32, for a total value of $1,272,466.72. Following the completion of the sale, the chief executive officer now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, major shareholder Mmmk Development, Inc. sold 33,164 shares of the company's stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $26.26, for a total value of $870,886.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael Mente sold 48,346 shares of the company's stock in a transaction dated 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 directly owns 73,000 shares of the company's stock, valued at approximately $1,921,360. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 124,573 shares of company stock worth $3,260,634. 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.