Analysts Set Expectations for Revolve Group FY2024 Earnings

Revolve Group, Inc. (NYSE:RVLV - Free Report) - Stock analysts at Roth Capital boosted their FY2024 EPS estimates for shares of Revolve Group in a research report issued on Wednesday, November 6th. Roth Capital analyst M. Koranda now expects that the company will post earnings of $0.61 per share for the year, up from their previous estimate of $0.60. The consensus estimate for Revolve Group's current full-year earnings is $0.56 per share. Roth Capital also issued estimates for Revolve Group's Q3 2025 earnings at $0.19 EPS, FY2025 earnings at $0.69 EPS and FY2026 earnings at $0.90 EPS.

Other analysts have also recently issued research reports about the stock. Piper Sandler upped their price objective on shares of Revolve Group from $30.00 to $35.00 and gave the company an "overweight" rating in a research report on Wednesday. Morgan Stanley restated an "equal weight" rating and issued a $26.00 price objective (up previously from $17.00) on shares of Revolve Group in a research report on Monday, October 21st. Evercore ISI upped their price objective on shares of Revolve Group from $21.00 to $33.00 and gave the company an "in-line" rating in a research report on Wednesday. Barclays upgraded shares of Revolve Group from an "underweight" rating to an "equal weight" rating and upped their price objective for the company from $17.00 to $25.00 in a research report on Wednesday. Finally, Wedbush reiterated a "neutral" rating and set a $19.00 target price on shares of Revolve Group in a report on Wednesday, August 7th. 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 company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $26.19.

Revolve Group Stock Down 1.0 %

Shares of RVLV traded down $0.34 during trading hours on Thursday, reaching $32.94. The stock had a trading volume of 1,122,592 shares, compared to its average volume of 1,011,558. Revolve Group has a 52 week low of $12.63 and a 52 week high of $33.82. The firm has a 50-day moving average of $24.67 and a 200 day moving average of $21.09. The company has a market cap of $2.33 billion, a P/E ratio of 73.91, a P/E/G ratio of 2.43 and a beta of 2.05.

Revolve Group (NYSE:RVLV - Get Free Report) last issued its 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. The company had revenue of $283.15 million during the quarter, compared to analysts' expectations of $271.08 million. Revolve Group had a net margin of 3.08% and a return on equity of 8.35%. The business's revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.04 EPS.

Insider Transactions at Revolve Group

In other news, major shareholder Mmmk Development, Inc. sold 6,493 shares of the stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $25.92, for a total transaction of $168,298.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Michael Mente sold 200,000 shares of the firm's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $31.43, for a total value of $6,286,000.00. Following the completion of the sale, the chief executive officer now directly owns 73,000 shares in the company, valued at approximately $2,294,390. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Mmmk Development, Inc. sold 6,493 shares of the firm's stock in a transaction dated Thursday, September 19th. The shares were 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 a total of 344,946 shares of company stock worth $10,075,314 in the last three months. Insiders own 46.56% of the company's stock.

Institutional Investors Weigh In On Revolve Group

Hedge funds have recently bought and sold shares of the company. Westfield Capital Management Co. LP acquired a new stake in Revolve Group during the first quarter worth approximately $33,735,000. Marshall Wace LLP lifted 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 worth $7,615,000 after acquiring an additional 280,151 shares during the last quarter. Comerica Bank lifted 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 worth $3,808,000 after acquiring an additional 178,475 shares during the last quarter. Millennium Management LLC lifted its position in Revolve Group by 68.1% during 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 during the last quarter. Finally, Silvercrest Asset Management Group LLC lifted its position in Revolve Group by 55.7% during the first quarter. Silvercrest Asset Management Group LLC now owns 376,620 shares of the company's stock worth $7,973,000 after acquiring an additional 134,775 shares during the last quarter. 67.60% of the stock is currently owned by institutional investors and hedge funds.

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.