Revolve Group, Inc. (NYSE:RVLV) Receives $22.44 Average Price Target from Analysts

Revolve Group, Inc. (NYSE:RVLV - Get Free Report) has received a consensus recommendation of "Hold" from the sixteen analysts that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $22.44.

A number of equities research analysts have weighed in on RVLV shares. Morgan Stanley reaffirmed an "equal weight" rating and set a $26.00 target price (up from $17.00) on shares of Revolve Group in a research report on Monday, October 21st. Robert W. Baird lifted their price objective on Revolve Group from $23.00 to $24.00 and gave the company a "neutral" rating in a report on Wednesday, August 14th. Roth Mkm upped their price objective on shares of Revolve Group from $26.00 to $29.00 and gave the stock a "buy" rating in a research note on Wednesday. TD Cowen raised their target price on shares of Revolve Group from $25.00 to $28.00 and gave the company a "buy" rating in a research report on Monday, August 26th. Finally, UBS Group upped 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.

Insiders Place Their Bets

In related news, 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 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 represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Revolve Group news, major shareholder Mmmk Development, Inc. sold 33,164 shares of the firm's stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $26.26, for a total transaction of $870,886.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael Mente sold 48,346 shares of the company's stock in a transaction on Thursday, October 17th. The shares were 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 in the company, valued at $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 quarter, insiders sold 124,573 shares of company stock valued at $3,260,634. Insiders own 46.56% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Westfield Capital Management Co. LP purchased a new stake in shares of Revolve Group during the 1st quarter worth about $33,735,000. Marshall Wace LLP boosted its position in Revolve Group by 141.2% during the second quarter. Marshall Wace LLP now owns 478,623 shares of the company's stock worth $7,615,000 after purchasing an additional 280,151 shares in the last quarter. Comerica Bank grew its holdings 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 purchasing an additional 178,475 shares during the period. Millennium Management LLC increased its position in shares of 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 buying an additional 138,600 shares in the last quarter. Finally, Silvercrest Asset Management Group LLC raised its stake in shares of Revolve Group by 55.7% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 376,620 shares of the company's stock worth $7,973,000 after buying an additional 134,775 shares during the period. Hedge funds and other institutional investors own 67.60% of the company's stock.

Revolve Group Price Performance

Shares of NYSE:RVLV traded up $0.14 on Friday, hitting $24.96. 779,908 shares of the company's stock were exchanged, compared to its average volume of 610,124. The stock has a market capitalization of $1.76 billion, a price-to-earnings ratio of 55.47, a price-to-earnings-growth ratio of 2.39 and a beta of 2.05. Revolve Group has a 12 month low of $12.42 and a 12 month high of $26.72. The business's 50 day simple moving average is $24.38 and its two-hundred day simple moving average is $20.89.

Revolve Group (NYSE:RVLV - Get Free Report) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.08. The company had revenue of $282.50 million during the quarter, compared to analysts' expectations of $277.06 million. Revolve Group had a net margin of 3.08% and a return on equity of 8.35%. The firm's quarterly revenue was up 3.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.10 EPS. Equities analysts forecast that Revolve Group will post 0.56 EPS for the current fiscal year.

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.