Revolve Group FY2024 EPS Forecast Increased by William Blair

Revolve Group, Inc. (NYSE:RVLV - Free Report) - Analysts at William Blair lifted their FY2024 earnings per share estimates for Revolve Group in a research note issued on Tuesday, November 5th. William Blair analyst D. Carden now expects that the company will post earnings per share of $0.57 for the year, up from their prior estimate of $0.51. The consensus estimate for Revolve Group's current full-year earnings is $0.56 per share. William Blair also issued estimates for Revolve Group's Q4 2024 earnings at $0.06 EPS and FY2025 earnings at $0.63 EPS.

A number of other brokerages have also recently weighed in on RVLV. BTIG Research boosted their price target on Revolve Group from $30.00 to $35.00 and gave the stock a "buy" rating in a research report on Wednesday. Robert W. Baird lifted their price objective on Revolve Group from $24.00 to $33.00 and gave the stock a "neutral" rating in a research note on Wednesday. Barclays upgraded Revolve Group from an "underweight" rating to an "equal weight" rating and lifted their price objective for the stock from $17.00 to $25.00 in a research note on Wednesday. Piper Sandler lifted their price objective on Revolve Group from $30.00 to $35.00 and gave the stock an "overweight" rating in a research note on Wednesday. Finally, Roth Mkm reiterated a "buy" rating and issued a $35.00 price objective (up from $29.00) on shares of Revolve Group in a research note on Wednesday. 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. According to data from MarketBeat.com, Revolve Group currently has a consensus rating of "Hold" and a consensus target price of $26.19.

Revolve Group Stock Down 1.0 %

Shares of NYSE:RVLV traded down $0.34 on Thursday, reaching $32.94. The company had a trading volume of 1,122,592 shares, compared to its average volume of 1,011,558. Revolve Group has a twelve month low of $12.63 and a twelve month high of $33.82. The stock has a 50-day moving average price of $24.67 and a 200 day moving average price of $21.09. The stock has a market capitalization 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 announced its quarterly earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share for the quarter, topping analysts' consensus estimates of $0.10 by $0.05. Revolve Group had a return on equity of 8.35% and a net margin of 3.08%. The company had revenue of $283.15 million during the quarter, compared to analysts' expectations of $271.08 million. During the same quarter in the previous year, the firm earned $0.04 earnings per share. The business's quarterly revenue was up 9.9% compared to the same quarter last year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Westfield Capital Management Co. LP acquired a new position in Revolve Group during the 1st quarter worth $33,735,000. Dimensional Fund Advisors LP lifted its holdings in Revolve Group by 22.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 683,101 shares of the company's stock worth $10,867,000 after buying an additional 123,745 shares in the last quarter. Marshall Wace LLP lifted its holdings in Revolve Group by 141.2% during the 2nd quarter. Marshall Wace LLP now owns 478,623 shares of the company's stock worth $7,615,000 after buying an additional 280,151 shares in the last quarter. Silvercrest Asset Management Group LLC lifted its holdings in 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 buying an additional 134,775 shares in the last quarter. Finally, Millennium Management LLC lifted its holdings in Revolve Group by 68.1% during the 2nd quarter. Millennium Management LLC now owns 342,084 shares of the company's stock worth $5,443,000 after buying an additional 138,600 shares in the last quarter. 67.60% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Michael Mente sold 200,000 shares of the company's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $31.43, for a total value of $6,286,000.00. Following the sale, the chief executive officer now directly owns 73,000 shares in the company, valued at approximately $2,294,390. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CEO Michael Mente sold 200,000 shares of the company's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $31.43, for a total value of $6,286,000.00. Following the sale, the chief executive officer now directly owns 73,000 shares in the company, valued at approximately $2,294,390. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Mmmk Development, Inc. sold 6,493 shares of the company's stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $25.92, for a total value of $168,298.56. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 344,946 shares of company stock worth $10,075,314. Company insiders own 46.56% of the company's stock.

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.