Revolve Group, Inc. (NYSE:RVLV) Receives Average Recommendation of “Hold” from Analysts

Shares of Revolve Group, Inc. (NYSE:RVLV) have received a consensus rating of “Hold” from the sixteen research firms that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $22.44.

Several research analysts have recently commented on RVLV shares. UBS Group boosted their price target on Revolve Group from $21.00 to $25.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Evercore ISI upped their target price on Revolve Group from $20.00 to $21.00 and gave the company an “in-line” rating in a research report on Wednesday, August 7th. Piper Sandler reissued an “overweight” rating and issued a $30.00 price objective on shares of Revolve Group in a report on Friday, August 23rd. Roth Mkm increased their price objective on Revolve Group from $26.00 to $29.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Morgan Stanley restated an “equal weight” rating and issued a $26.00 target price (up previously from $17.00) on shares of Revolve Group in a research note on Monday, October 21st.

Insider Buying and Selling at Revolve Group

In other Revolve Group news, major shareholder Mmmk Development, Inc. sold 6,493 shares of the business’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $25.92, for a total value of $168,298.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Revolve Group news, CEO Michael Mente sold 48,346 shares of the company’s stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $26.32, for a total value of $1,272,466.72. Following the completion of the transaction, the chief executive officer now directly owns 73,000 shares of the company’s stock, valued at $1,921,360. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Mmmk Development, Inc. sold 6,493 shares of the company’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. In the last three months, insiders sold 124,573 shares of company stock worth $3,260,634. Insiders own 46.56% of the company’s stock.

Hedge Funds Weigh In On Revolve Group

Large investors have recently modified their holdings of the stock. Farther Finance Advisors LLC raised its stake in Revolve Group by 249.7% during the third quarter. Farther Finance Advisors LLC now owns 1,126 shares of the company’s stock worth $28,000 after acquiring an additional 804 shares during the period. Benjamin F. Edwards & Company Inc. raised its holdings in shares of Revolve Group by 91.1% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,069 shares of the company’s stock valued at $65,000 after buying an additional 1,940 shares during the last quarter. Quarry LP bought a new stake in shares of Revolve Group during the second quarter valued at approximately $68,000. nVerses Capital LLC bought a new stake in shares of Revolve Group during the third quarter valued at approximately $171,000. Finally, American Century Companies Inc. bought a new stake in shares of Revolve Group during the second quarter valued at approximately $165,000. Institutional investors own 67.60% of the company’s stock.

Revolve Group Stock Performance

Shares of Revolve Group stock opened at $24.99 on Friday. The stock has a market cap of $1.76 billion, a price-to-earnings ratio of 55.52, a price-to-earnings-growth ratio of 2.44 and a beta of 2.05. The stock has a 50 day moving average price of $24.38 and a 200-day moving average price of $20.89. Revolve Group has a one year low of $12.42 and a one year high of $26.72.

Revolve Group (NYSE:RVLV) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.08. Revolve Group had a return on equity of 8.35% and a net margin of 3.08%. The company had revenue of $282.50 million during the quarter, compared to analysts’ expectations of $277.06 million. During the same quarter in the previous year, the business earned $0.10 EPS. Revolve Group’s revenue was up 3.2% compared to the same quarter last year. Sell-side analysts predict that Revolve Group will post 0.55 earnings per share for the current fiscal year.

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.