Revolve Group, Inc. (NYSE:RVLV) Short Interest Update

Revolve Group, Inc. (NYSE:RVLV - Get Free Report) was the target of a large decline in short interest during the month of November. As of November 15th, there was short interest totalling 8,260,000 shares, a decline of 15.5% from the October 31st total of 9,780,000 shares. Based on an average trading volume of 958,800 shares, the days-to-cover ratio is presently 8.6 days.

Analyst Ratings Changes

Several brokerages have recently commented on RVLV. Roth Mkm reaffirmed a "buy" rating and set a $35.00 target price (up from $29.00) on shares of Revolve Group in a report on Wednesday, November 6th. Morgan Stanley restated an "equal weight" rating and set a $26.00 price objective (up previously from $17.00) on shares of Revolve Group in a research note 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 report on Wednesday, November 6th. Piper Sandler increased their target price on Revolve Group from $30.00 to $35.00 and gave the stock an "overweight" rating in a report on Wednesday, November 6th. Finally, Barclays raised 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 research note on Wednesday, November 6th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $26.19.

Revolve Group Trading Down 2.3 %

Revolve Group stock traded down $0.85 during mid-day trading on Friday, reaching $36.08. The company had a trading volume of 678,090 shares, compared to its average volume of 1,014,134. The business has a fifty day simple moving average of $28.54 and a 200 day simple moving average of $22.77. The company has a market cap of $2.55 billion, a P/E ratio of 64.43, a P/E/G ratio of 2.33 and a beta of 2.05. Revolve Group has a fifty-two week low of $13.24 and a fifty-two week high of $39.03.

Revolve Group (NYSE:RVLV - Get Free Report) last released its quarterly earnings data on Tuesday, November 5th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate 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 last year, the business posted $0.04 EPS. Revolve Group's revenue for the quarter was up 9.9% on a year-over-year basis. Research analysts forecast that Revolve Group will post 0.6 EPS for the current year.

Insider Buying and Selling

In related news, CFO Jesse Timmermans sold 91,625 shares of Revolve Group stock in a transaction that occurred on 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 sale, the chief financial officer now directly owns 3,054 shares of the company's stock, valued at approximately $93,818.88. This trade represents a 96.77 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Michael Mente sold 71,463 shares of the company's stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $35.20, for a total value of $2,515,497.60. Following the completion of the transaction, the chief executive officer now directly owns 73,000 shares in the company, valued at approximately $2,569,600. This represents a 49.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 581,817 shares of company stock valued at $17,870,621. 46.56% of the stock is owned by insiders.

Hedge Funds Weigh In On Revolve Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased 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. Marshall Wace LLP boosted its holdings in 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 acquiring an additional 280,151 shares during the last quarter. Millennium Management LLC increased its position in Revolve Group by 68.1% during the 2nd quarter. Millennium Management LLC now owns 342,084 shares of the company's stock valued at $5,443,000 after purchasing an additional 138,600 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Revolve Group by 0.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 315,213 shares of the company's stock worth $7,811,000 after purchasing an additional 2,963 shares during the last quarter. Finally, Comerica Bank lifted its position in shares of Revolve Group by 12,630.9% in the 1st quarter. Comerica Bank now owns 179,888 shares of the company's stock worth $3,808,000 after purchasing an additional 178,475 shares during the period. 67.60% of the stock is currently owned by institutional investors and hedge funds.

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.