Revolve Group, Inc. (NYSE:RVLV) Receives $29.07 Average PT from Analysts

Shares of Revolve Group, Inc. (NYSE:RVLV - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the fourteen brokerages that are currently covering the firm, Marketbeat reports. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $29.07.

A number of research analysts recently issued reports on the company. Barclays upgraded Revolve Group from an "underweight" rating to an "equal weight" rating and boosted their price target for the company from $17.00 to $25.00 in a report on Wednesday, November 6th. BTIG Research lifted their price objective on Revolve Group from $30.00 to $35.00 and gave the company a "buy" rating in a research report on Wednesday, November 6th. Morgan Stanley reaffirmed an "equal weight" rating and set a $26.00 price objective (up from $17.00) on shares of Revolve Group in a research report on Monday, October 21st. UBS Group lifted their price objective on Revolve Group from $25.00 to $30.00 and gave the company a "neutral" rating in a research report on Wednesday, November 6th. Finally, Stifel Nicolaus lifted their price objective on Revolve Group from $35.00 to $41.00 and gave the company a "buy" rating in a research report on Wednesday, December 11th.

Revolve Group Stock Down 0.2 %

Shares of RVLV traded down $0.07 during trading hours on Thursday, hitting $29.59. The company had a trading volume of 761,596 shares, compared to its average volume of 1,201,000. The firm has a market cap of $2.09 billion, a P/E ratio of 52.84, a P/E/G ratio of 1.48 and a beta of 2.18. The stock's 50 day moving average price is $34.13 and its 200 day moving average price is $26.40. Revolve Group has a 52-week low of $13.96 and a 52-week high of $39.58.

Revolve Group (NYSE:RVLV - Get Free Report) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share (EPS) 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 the consensus estimate of $271.08 million. During the same quarter in the previous year, the business earned $0.04 EPS. Revolve Group's revenue was up 9.9% compared to the same quarter last year. On average, research analysts expect that Revolve Group will post 0.6 EPS for the current fiscal year.

Insider Activity

In other news, CFO Jesse Timmermans sold 91,625 shares of the firm's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $30.72, for a total transaction of $2,814,720.00. Following the completion of the transaction, the chief financial officer now owns 3,054 shares in the company, valued at $93,818.88. This trade 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 at the SEC website. Also, CEO Michael Mente sold 69,605 shares of the firm's stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $29.77, for a total value of $2,072,140.85. Following the transaction, the chief executive officer now owns 73,000 shares of the company's stock, valued at approximately $2,173,210. The trade was a 48.81 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 900,807 shares of company stock valued at $29,507,102 in the last ninety days. 46.56% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its position in Revolve Group by 22.1% in the second quarter. Dimensional Fund Advisors LP now owns 683,101 shares of the company's stock worth $10,867,000 after acquiring an additional 123,745 shares in the last quarter. Marshall Wace LLP grew its position in Revolve Group by 141.2% in the second quarter. Marshall Wace LLP now owns 478,623 shares of the company's stock worth $7,615,000 after acquiring an additional 280,151 shares in the last quarter. JPMorgan Chase & Co. grew its position in Revolve Group by 83.4% in the third quarter. JPMorgan Chase & Co. now owns 349,670 shares of the company's stock worth $8,665,000 after acquiring an additional 158,960 shares in the last quarter. Millennium Management LLC grew its position in Revolve Group by 68.1% in the second quarter. Millennium Management LLC now owns 342,084 shares of the company's stock worth $5,443,000 after acquiring an additional 138,600 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Revolve Group by 0.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 315,213 shares of the company's stock worth $7,811,000 after acquiring an additional 2,963 shares in the last quarter. Hedge funds and other institutional investors own 67.60% of the company's stock.

Revolve Group Company Profile

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.