Revolve Group, Inc. (NYSE:RVLV) Receives $26.19 Average Price Target from Analysts

Shares of Revolve Group, Inc. (NYSE:RVLV - Get Free Report) have been assigned an average recommendation of "Hold" from the sixteen brokerages that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $26.19.

Several brokerages have issued reports on RVLV. BTIG Research boosted their target price on shares of Revolve Group from $30.00 to $35.00 and gave the company a "buy" rating in a research note on Wednesday, November 6th. Wedbush reissued a "neutral" rating and set a $19.00 target price on shares of Revolve Group in a research note on Wednesday, August 7th. Barclays raised shares of Revolve Group from an "underweight" rating to an "equal weight" rating and boosted their target price for the company from $17.00 to $25.00 in a research note on Wednesday, November 6th. Roth Mkm reissued a "buy" rating and set a $35.00 target price (up from $29.00) on shares of Revolve Group in a research note on Wednesday, November 6th. Finally, Evercore ISI upped their price target on shares of Revolve Group from $21.00 to $33.00 and gave the stock an "in-line" rating in a research note on Wednesday, November 6th.

Insider Buying and Selling

In other Revolve Group news, major shareholder Mmmk Development, Inc. sold 6,493 shares of the company's 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael Mente sold 71,463 shares of the company's stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $35.20, for a total transaction of $2,515,497.60. Following the sale, the chief executive officer now owns 73,000 shares of the company's stock, valued at $2,569,600. This trade represents a 49.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 581,817 shares of company stock worth $17,870,621. Corporate insiders own 46.56% of the company's stock.

Institutional Investors Weigh In On Revolve Group

A number of hedge funds have recently bought and sold shares of the company. Marshall Wace LLP lifted its stake in shares of 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 buying an additional 280,151 shares during the period. Comerica Bank lifted its stake in shares of 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 buying an additional 178,475 shares during the period. Polar Asset Management Partners Inc. bought a new stake in shares of Revolve Group in the third quarter valued at about $3,982,000. Millennium Management LLC lifted its stake 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 during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Revolve Group by 22.1% in the second quarter. Dimensional Fund Advisors LP now owns 683,101 shares of the company's stock valued at $10,867,000 after buying an additional 123,745 shares during the period. 67.60% of the stock is currently owned by institutional investors.

Revolve Group Stock Performance

Shares of NYSE:RVLV opened at $38.80 on Wednesday. Revolve Group has a one year low of $13.24 and a one year high of $39.03. The stock has a fifty day moving average of $27.58 and a 200-day moving average of $22.35. The company has a market capitalization of $2.75 billion, a PE ratio of 69.29, a price-to-earnings-growth ratio of 2.40 and a beta of 2.05.

Revolve Group (NYSE:RVLV - Get Free Report) last announced its earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.05. Revolve Group had a net margin of 3.72% and a return on equity of 10.17%. The company had revenue of $283.15 million for the quarter, compared to the consensus estimate of $271.08 million. During the same period in the previous year, the business earned $0.04 EPS. The company's revenue was up 9.9% on a year-over-year basis. As a group, research analysts forecast that Revolve Group will post 0.6 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.