Revolve Group (NYSE:RVLV) Price Target Raised to $30.00

Revolve Group (NYSE:RVLV) had its price target lifted by research analysts at UBS Group from $25.00 to $30.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the stock. UBS Group’s price objective would indicate a potential downside of 8.93% from the stock’s current price.

RVLV has been the subject of several other research reports. Robert W. Baird boosted their target price on Revolve Group from $24.00 to $33.00 and gave the company a “neutral” rating in a research report on Wednesday. Evercore ISI boosted their price objective on Revolve Group from $21.00 to $33.00 and gave the company an “in-line” rating in a report on Wednesday. Wedbush reiterated a “neutral” rating and issued a $19.00 target price on shares of Revolve Group in a research note on Wednesday, August 7th. Roth Mkm reiterated a “buy” rating and set a $35.00 target price (up from $29.00) on shares of Revolve Group in a research report on Wednesday. Finally, Piper Sandler upped their price target on shares of Revolve Group from $30.00 to $35.00 and gave the stock an “overweight” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $26.19.

Revolve Group Stock Performance

Shares of RVLV opened at $32.94 on Wednesday. The stock has a market capitalization of $2.33 billion, a PE ratio of 73.20, a P/E/G ratio of 2.43 and a beta of 2.05. The company’s fifty day moving average is $24.87 and its 200 day moving average is $21.18. Revolve Group has a fifty-two week low of $12.63 and a fifty-two week high of $33.82.

Revolve Group (NYSE:RVLV) last released its earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.05. The firm had revenue of $283.15 million for the quarter, compared to the consensus estimate of $271.08 million. Revolve Group had a return on equity of 8.35% and a net margin of 3.08%. The company’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. As a group, research analysts forecast that Revolve Group will post 0.56 earnings per share for the current year.

Insider Activity

In related news, major shareholder Mmmk Development, Inc. sold 6,493 shares of the business’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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Revolve Group news, major shareholder Mmmk Development, Inc. sold 6,493 shares of Revolve Group stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $25.92, for a total value of $168,298.56. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Michael Mente sold 48,346 shares of the stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $26.32, for a total transaction of $1,272,466.72. Following the sale, the chief executive officer now directly owns 73,000 shares of the company’s stock, valued at approximately $1,921,360. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 344,946 shares of company stock worth $10,075,314. Corporate insiders own 46.56% of the company’s stock.

Institutional Investors Weigh In On Revolve Group

Several institutional investors have recently bought and sold shares of the company. Farther Finance Advisors LLC increased its position in shares of 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 purchasing an additional 804 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its position in Revolve Group by 91.1% during the 2nd 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 in the last quarter. Quarry LP acquired a new position in Revolve Group during the 2nd quarter valued at about $68,000. nVerses Capital LLC purchased a new stake in Revolve Group in the third quarter valued at about $171,000. Finally, LMR Partners LLP acquired a new stake in Revolve Group in the third quarter worth about $228,000. 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.