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Revolve Group (NYSE:RVLV) Reaches New 1-Year High - Here's Why

Revolve Group logo with Consumer Discretionary background

Shares of Revolve Group, Inc. (NYSE:RVLV - Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $39.58 and last traded at $38.13, with a volume of 111289 shares trading hands. The stock had previously closed at $38.11.

Wall Street Analysts Forecast Growth

RVLV has been the subject of a number of recent research reports. BTIG Research increased their price objective on shares of Revolve Group from $30.00 to $35.00 and gave the stock a "buy" rating in a research note on Wednesday, November 6th. Roth Mkm reaffirmed a "buy" rating and set a $35.00 price target (up previously from $29.00) on shares of Revolve Group in a research report on Wednesday, November 6th. UBS Group upped their price objective on Revolve Group from $25.00 to $30.00 and gave the stock a "neutral" rating in a research note on Wednesday, November 6th. TD Cowen increased their price target on shares of Revolve Group from $28.00 to $34.00 and gave the company a "buy" rating in a research note on Wednesday, November 6th. Finally, Evercore ISI lifted their price target on Revolve Group from $21.00 to $33.00 and gave the stock an "in-line" rating in a report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $27.25.

Get Our Latest Report on Revolve Group

Revolve Group Stock Performance

The stock has a market capitalization of $2.58 billion, a price-to-earnings ratio of 68.05, a price-to-earnings-growth ratio of 2.34 and a beta of 2.19. The business has a fifty day simple moving average of $31.18 and a 200 day simple moving average of $24.06.

Revolve Group (NYSE:RVLV - Get Free Report) last released its quarterly earnings results on Tuesday, November 5th. The company reported $0.15 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 business had revenue of $283.15 million for the quarter, compared to the consensus estimate of $271.08 million. During the same period in the prior year, the company posted $0.04 earnings per share. Revolve Group's revenue was up 9.9% compared to the same quarter last year. On average, sell-side analysts forecast that Revolve Group, Inc. will post 0.6 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Jesse Timmermans sold 91,625 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were 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 owns 3,054 shares of the company's stock, valued at $93,818.88. This represents a 96.77 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael Mente sold 98,429 shares of the business's stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $34.87, for a total transaction of $3,432,219.23. Following the completion of the sale, the chief executive officer now directly owns 123,000 shares in the company, valued at approximately $4,289,010. This represents a 44.45 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 770,512 shares of company stock worth $24,534,363. 46.56% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Farther Finance Advisors LLC raised its stake in shares of Revolve Group by 249.7% in the third quarter. Farther Finance Advisors LLC now owns 1,126 shares of the company's stock worth $28,000 after purchasing an additional 804 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its holdings in Revolve Group by 91.1% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,069 shares of the company's stock worth $65,000 after buying an additional 1,940 shares in the last quarter. Quarry LP purchased a new stake in Revolve Group in the 2nd quarter valued at $68,000. nVerses Capital LLC bought a new position in Revolve Group during the 3rd quarter valued at $171,000. Finally, LMR Partners LLP purchased a new position in Revolve Group during the 3rd quarter worth $228,000. Institutional investors and hedge funds own 67.60% of the company's stock.

Revolve Group Company Profile

(Get Free Report)

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.

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