Revolve Group (NYSE:RVLV) Given New $29.00 Price Target at Roth Mkm

Revolve Group (NYSE:RVLV - Get Free Report) had its price target raised by analysts at Roth Mkm from $26.00 to $29.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a "buy" rating on the stock. Roth Mkm's target price would indicate a potential upside of 14.58% from the stock's current price.

Several other brokerages also recently weighed in on RVLV. Morgan Stanley reiterated an "equal weight" rating and issued a $26.00 price objective (up from $17.00) on shares of Revolve Group in a research report on Monday, October 21st. TD Cowen boosted their price target on shares of Revolve Group from $25.00 to $28.00 and gave the stock a "buy" rating in a research report on Monday, August 26th. BTIG Research boosted their price target on shares of Revolve Group from $24.00 to $26.00 and gave the stock a "buy" rating in a research report on Friday, August 16th. Piper Sandler restated an "overweight" rating and set a $30.00 price target on shares of Revolve Group in a research report on Friday, August 23rd. Finally, Barclays boosted their price target on shares of Revolve Group from $15.00 to $17.00 and gave the stock an "underweight" rating in a research report on Wednesday, October 2nd. Two 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, the company currently has an average rating of "Hold" and a consensus price target of $22.44.

Revolve Group Trading Down 1.9 %

NYSE:RVLV traded down $0.48 during mid-day trading on Wednesday, hitting $25.31. The stock had a trading volume of 574,736 shares, compared to its average volume of 996,555. The stock has a market capitalization of $1.79 billion, a price-to-earnings ratio of 74.44, a P/E/G ratio of 2.41 and a beta of 2.05. The company has a 50 day simple moving average of $24.33 and a 200-day simple moving average of $20.82. Revolve Group has a 52 week low of $12.42 and a 52 week high of $26.72.

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, beating the consensus estimate of $0.13 by $0.08. The firm had revenue of $282.50 million for the quarter, compared to the consensus estimate of $277.06 million. Revolve Group had a net margin of 3.08% and a return on equity of 8.35%. Revolve Group's quarterly revenue was up 3.2% compared to the same quarter last year. During the same period last year, the firm posted $0.10 EPS. As a group, equities research analysts anticipate that Revolve Group will post 0.55 earnings per share for the current year.

Insider Transactions at Revolve Group

In other news, CEO Michael Mente sold 48,346 shares of Revolve Group stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 73,000 shares of the company's stock, valued at $1,921,360. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, major shareholder Mmmk Development, Inc. sold 6,493 shares of the firm's stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $25.92, for a total transaction of $168,298.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Michael Mente sold 48,346 shares of the firm's stock in a transaction that occurred 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 sale, the chief executive officer now owns 73,000 shares of the company's stock, valued at approximately $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 a total of 124,573 shares of company stock valued at $3,260,634 over the last ninety days. Corporate insiders own 46.56% of the company's stock.

Institutional Trading of Revolve Group

Several institutional investors have recently made changes to their positions in RVLV. Westfield Capital Management Co. LP acquired a new stake in shares of Revolve Group during the first quarter worth approximately $33,735,000. Norden Group LLC lifted its stake in Revolve Group by 2,269.6% in the first quarter. Norden Group LLC now owns 367,200 shares of the company's stock valued at $7,774,000 after acquiring an additional 351,704 shares during the last quarter. Marshall Wace LLP lifted its stake in Revolve Group by 141.2% in the second quarter. Marshall Wace LLP now owns 478,623 shares of the company's stock valued at $7,615,000 after acquiring an additional 280,151 shares during the last quarter. Comerica Bank lifted its stake in Revolve Group by 12,630.9% in the first quarter. Comerica Bank now owns 179,888 shares of the company's stock valued at $3,808,000 after acquiring an additional 178,475 shares during the last quarter. Finally, Millennium Management LLC lifted its stake in Revolve Group by 68.1% in the second quarter. Millennium Management LLC now owns 342,084 shares of the company's stock valued at $5,443,000 after acquiring an additional 138,600 shares during the last quarter. 67.60% of the stock is currently owned by institutional investors and hedge funds.

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.