Revolve Group (NYSE:RVLV) Stock Rating Upgraded by Barclays

Barclays upgraded shares of Revolve Group (NYSE:RVLV - Free Report) from an underweight rating to an equal weight rating in a research report report published on Wednesday morning, MarketBeat Ratings reports. Barclays currently has $25.00 price objective on the stock, up from their prior price objective of $17.00.

A number of other equities analysts also recently issued reports on RVLV. Robert W. Baird increased their price target on Revolve Group from $23.00 to $24.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 14th. Morgan Stanley reissued an "equal weight" rating and set a $26.00 target price (up previously from $17.00) on shares of Revolve Group in a research report on Monday, October 21st. Evercore ISI boosted their price target on shares of Revolve Group from $20.00 to $21.00 and gave the company an "in-line" rating in a report on Wednesday, August 7th. Wedbush reiterated a "neutral" rating and set a $19.00 price objective on shares of Revolve Group in a research note on Wednesday, August 7th. Finally, Piper Sandler reissued an "overweight" rating and issued a $30.00 price objective on shares of Revolve Group in a research note on Friday, August 23rd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $26.19.

Revolve Group Stock Up 27.8 %

RVLV stock traded up $7.24 during trading on Wednesday, hitting $33.26. The company had a trading volume of 3,986,205 shares, compared to its average volume of 1,011,038. Revolve Group has a 52-week low of $12.63 and a 52-week high of $33.82. The company has a 50 day simple moving average of $24.47 and a 200-day simple moving average of $21.01. The firm has a market capitalization of $2.35 billion, a P/E ratio of 72.04, a PEG ratio of 2.43 and a beta of 2.05.

Revolve Group (NYSE:RVLV - Get Free Report) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.06. The firm had revenue of $283.15 million during the quarter, compared to the consensus estimate of $271.08 million. Revolve Group had a net margin of 3.08% and a return on equity of 8.35%. The company's revenue was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.04 earnings per share. Sell-side analysts forecast that Revolve Group will post 0.56 earnings per share for the current year.

Insider Activity at Revolve Group

In other news, CEO Michael Mente sold 36,114 shares of Revolve Group stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $25.95, for a total transaction 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 approximately $1,894,350. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CEO Michael Mente sold 36,114 shares of the company's stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $25.95, for a total value of $937,158.30. Following the sale, the chief executive officer now owns 73,000 shares in the company, valued at $1,894,350. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Mmmk Development, Inc. sold 6,493 shares of the 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. Insiders sold 344,946 shares of company stock valued at $10,075,314 in the last three months. 46.56% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Westfield Capital Management Co. LP acquired a new stake in Revolve Group during the 1st quarter worth about $33,735,000. Marshall Wace LLP raised its position in Revolve Group by 141.2% during 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 in the last quarter. Comerica Bank raised its position in Revolve Group by 12,630.9% during the first quarter. Comerica Bank now owns 179,888 shares of the company's stock valued at $3,808,000 after acquiring an additional 178,475 shares in the last quarter. Millennium Management LLC boosted its position in Revolve Group by 68.1% in the 2nd quarter. Millennium Management LLC now owns 342,084 shares of the company's stock worth $5,443,000 after purchasing an additional 138,600 shares in the last quarter. Finally, Silvercrest Asset Management Group LLC grew its stake in shares of Revolve Group by 55.7% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 376,620 shares of the company's stock worth $7,973,000 after purchasing an additional 134,775 shares during the period. Hedge funds and other institutional investors own 67.60% of the company's stock.

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.