KeyCorp Forecasts Revolve Group's Q4 Earnings (NYSE:RVLV)

Revolve Group, Inc. (NYSE:RVLV - Free Report) - Equities researchers at KeyCorp issued their Q4 2024 earnings per share (EPS) estimates for shares of Revolve Group in a note issued to investors on Wednesday, January 22nd. KeyCorp analyst A. Owens expects that the company will earn $0.10 per share for the quarter. KeyCorp currently has a "Overweight" rating and a $37.00 target price on the stock. The consensus estimate for Revolve Group's current full-year earnings is $0.60 per share. KeyCorp also issued estimates for Revolve Group's FY2025 earnings at $0.74 EPS.

Revolve Group (NYSE:RVLV - Get Free Report) last released its quarterly earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share for the quarter, beating analysts' consensus estimates of $0.10 by $0.05. Revolve Group had a return on equity of 10.17% and a net margin of 3.72%. The company had revenue of $283.15 million for the quarter, compared to analysts' expectations of $271.08 million. During the same quarter in the previous year, the company posted $0.04 earnings per share. The business's revenue for the quarter was up 9.9% compared to the same quarter last year.

Other research analysts have also recently issued research reports about the company. Evercore ISI upped their price target on Revolve Group from $21.00 to $33.00 and gave the company an "in-line" rating in a report on Wednesday, November 6th. Roth Mkm reaffirmed a "buy" rating and set a $35.00 target price (up previously from $29.00) on shares of Revolve Group in a research note on Wednesday, November 6th. Barclays upgraded shares of Revolve Group from an "underweight" rating to an "equal weight" rating and raised their price target for the stock from $17.00 to $25.00 in a report on Wednesday, November 6th. Piper Sandler lifted their target price on shares of Revolve Group from $30.00 to $35.00 and gave the company an "overweight" rating in a research note on Wednesday, November 6th. Finally, Morgan Stanley reaffirmed an "equal weight" rating and issued a $26.00 price target (up from $17.00) on shares of Revolve Group in a research note on Monday, October 21st. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Revolve Group currently has an average rating of "Moderate Buy" and an average target price of $29.60.

Revolve Group Stock Performance

Shares of NYSE:RVLV traded up $0.10 during trading hours on Friday, hitting $31.54. 1,210,369 shares of the company's stock traded hands, compared to its average volume of 1,164,445. The company's fifty day simple moving average is $33.78 and its two-hundred day simple moving average is $27.06. The company has a market cap of $2.23 billion, a price-to-earnings ratio of 56.33, a price-to-earnings-growth ratio of 1.58 and a beta of 2.18. Revolve Group has a 52 week low of $14.04 and a 52 week high of $39.58.

Institutional Investors Weigh In On Revolve Group

Several large investors have recently modified their holdings of RVLV. Precision Wealth Strategies LLC boosted its position in Revolve Group by 3.3% in the third quarter. Precision Wealth Strategies LLC now owns 12,741 shares of the company's stock valued at $316,000 after buying an additional 407 shares in the last quarter. Farther Finance Advisors LLC grew its position in Revolve Group by 249.7% during the 3rd 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 last quarter. Sugar Maple Asset Management LLC acquired a new stake in Revolve Group during the 4th quarter valued at $50,000. Franklin Resources Inc. raised its position in Revolve Group by 6.9% in the 3rd quarter. Franklin Resources Inc. now owns 27,195 shares of the company's stock valued at $699,000 after purchasing an additional 1,753 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. boosted its stake in 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 purchasing an additional 1,940 shares in the last quarter. 67.60% of the stock is currently owned by institutional investors.

Insider Transactions at Revolve Group

In related news, CFO Jesse Timmermans sold 91,625 shares of the company's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $30.72, for a total value of $2,814,720.00. Following the completion of the transaction, the chief financial officer now directly owns 3,054 shares in the company, valued at approximately $93,818.88. This represents a 96.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Michael Mente sold 200,000 shares of Revolve Group stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $31.43, for a total transaction of $6,286,000.00. Following the sale, the chief executive officer now owns 73,000 shares in the company, valued at $2,294,390. This represents a 73.26 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 900,807 shares of company stock worth $29,507,102. 46.56% of the stock is currently owned by company insiders.

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.