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

Revolve Group (NYSE:RVLV - Get Free Report) was upgraded by research analysts at KeyCorp from a "sector weight" rating to an "overweight" rating in a report released on Thursday, MarketBeat reports. The firm presently has a $37.00 target price on the stock. KeyCorp's price objective would suggest a potential upside of 17.58% from the company's previous close.

Other equities research analysts have also recently issued research reports about the stock. UBS Group lifted their target price on shares of Revolve Group from $25.00 to $30.00 and gave the stock a "neutral" rating in a research note on Wednesday, November 6th. Roth Mkm reaffirmed a "buy" rating and set a $35.00 price objective (up previously from $29.00) on shares of Revolve Group in a research note on Wednesday, November 6th. Piper Sandler raised their target price on shares of Revolve Group from $30.00 to $35.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 6th. BTIG Research upped their price target on Revolve Group from $30.00 to $35.00 and gave the company a "buy" rating in a research report on Wednesday, November 6th. Finally, Barclays raised Revolve Group from an "underweight" rating to an "equal weight" rating and increased their price target for the company from $17.00 to $25.00 in a report on Wednesday, November 6th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $29.60.

Revolve Group Stock Performance

Shares of RVLV traded up $0.26 during mid-day trading on Thursday, hitting $31.47. 1,024,111 shares of the company were exchanged, compared to its average volume of 1,123,399. The stock has a market cap of $2.23 billion, a price-to-earnings ratio of 56.54, a price-to-earnings-growth ratio of 1.57 and a beta of 2.18. Revolve Group has a 1-year low of $14.04 and a 1-year high of $39.58. The company has a 50 day moving average of $33.85 and a 200-day moving average of $26.92.

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

Insider Buying and Selling at Revolve Group

In other news, CFO Jesse Timmermans sold 91,625 shares of the business's stock in a transaction that occurred on Wednesday, November 6th. The shares were 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 owns 3,054 shares in the company, valued at approximately $93,818.88. The trade was a 96.77 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael Mente sold 90,266 shares of Revolve Group stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $35.80, for a total value of $3,231,522.80. Following the sale, the chief executive officer now owns 123,000 shares in the company, valued at $4,403,400. This trade represents a 42.33 % 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 over the last 90 days. 46.56% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. grew its position in shares of Revolve Group by 83.4% in the third quarter. JPMorgan Chase & Co. now owns 349,670 shares of the company's stock valued at $8,665,000 after purchasing an additional 158,960 shares during the last quarter. Harbor Capital Advisors Inc. grew its stake in shares of Revolve Group by 46.1% during the third quarter. Harbor Capital Advisors Inc. now owns 107,148 shares of the company's stock valued at $2,655,000 after acquiring an additional 33,812 shares in the last quarter. Lisanti Capital Growth LLC acquired a new position in Revolve Group during the 3rd quarter worth $2,276,000. Farther Finance Advisors LLC raised its position in shares of Revolve Group by 249.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,126 shares of the company's stock valued at $28,000 after acquiring an additional 804 shares in the last quarter. Finally, Barclays PLC raised its stake in Revolve Group by 156.7% during the third quarter. Barclays PLC now owns 85,613 shares of the company's stock worth $2,122,000 after acquiring an additional 52,257 shares during the period. Institutional investors and hedge funds 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.