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

Revolve Group, Inc. (NYSE:RVLV - Get Free Report) has earned an average recommendation of "Hold" from the sixteen ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two research 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 twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $22.44.

RVLV has been the subject of several analyst reports. Roth Mkm increased their price target on shares of Revolve Group from $26.00 to $29.00 and gave the company a "buy" rating in a research report on Wednesday. Morgan Stanley restated an "equal weight" rating and issued a $26.00 price objective (up from $17.00) on shares of Revolve Group in a report on Monday, October 21st. UBS Group increased their price target on shares of Revolve Group from $21.00 to $25.00 and gave the stock a "neutral" rating in a research note on Thursday, October 17th. Piper Sandler reiterated an "overweight" rating and issued a $30.00 price target on shares of Revolve Group in a research note on Friday, August 23rd. Finally, Evercore ISI increased 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 note on Wednesday, August 7th.

Revolve Group Stock Up 0.7 %

RVLV opened at $24.99 on Friday. The stock has a market cap of $1.76 billion, a price-to-earnings ratio of 55.52, a PEG ratio of 2.44 and a beta of 2.05. Revolve Group has a twelve month low of $12.42 and a twelve month high of $26.72. The company's 50-day moving average price is $24.38 and its two-hundred day moving average price is $20.89.

Revolve Group (NYSE:RVLV - Get Free Report) last posted its earnings results 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. Revolve Group had a net margin of 3.08% and a return on equity of 8.35%. The business had revenue of $282.50 million for the quarter, compared to analyst estimates of $277.06 million. During the same quarter in the prior year, the firm posted $0.10 EPS. Revolve Group's revenue was up 3.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Revolve Group will post 0.55 earnings per share for the current year.

Insider Activity at Revolve Group

In related news, major shareholder Mmmk Development, Inc. sold 6,493 shares of the 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 filing with the SEC, which can be accessed through the SEC website. In other news, CEO Michael Mente sold 36,114 shares of Revolve Group stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $25.95, for a total value of $937,158.30. Following the completion of the sale, the chief executive officer now directly owns 73,000 shares in the company, valued at $1,894,350. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Mmmk Development, Inc. sold 6,493 shares of Revolve Group stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $25.92, for a total transaction of $168,298.56. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 124,573 shares of company stock valued at $3,260,634. 46.56% of the stock is owned by insiders.

Institutional Trading of Revolve Group

Large investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC grew its stake in shares of Revolve Group by 249.7% in the third quarter. Farther Finance Advisors LLC now owns 1,126 shares of the company's stock worth $28,000 after acquiring an additional 804 shares during the period. Benjamin F. Edwards & Company Inc. grew its stake in shares of Revolve Group by 91.1% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,069 shares of the company's stock worth $65,000 after acquiring an additional 1,940 shares during the period. Quarry LP bought a new stake in shares of Revolve Group in the second quarter worth approximately $68,000. nVerses Capital LLC bought a new stake in shares of Revolve Group in the third quarter worth approximately $171,000. Finally, American Century Companies Inc. bought a new stake in Revolve Group during the second quarter valued at approximately $165,000. 67.60% of the stock is currently owned by institutional investors.

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.