Brokerages Set Revolve Group, Inc. (NYSE:RVLV) PT at $27.25

Shares of Revolve Group, Inc. (NYSE:RVLV) have been given an average recommendation of “Hold” by the sixteen ratings firms that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $27.25.

Several brokerages recently commented on RVLV. Morgan Stanley reissued an “equal weight” rating and set a $26.00 target price (up previously from $17.00) on shares of Revolve Group in a report on Monday, October 21st. UBS Group raised their price objective on Revolve Group from $25.00 to $30.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. BTIG Research boosted their target price on Revolve Group from $30.00 to $35.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Robert W. Baird upped their target price on Revolve Group from $24.00 to $33.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Finally, Barclays upgraded Revolve Group from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $17.00 to $25.00 in a report on Wednesday, November 6th.

Insider Transactions at Revolve Group

In other news, major shareholder Mmmk Development, Inc. sold 33,164 shares of Revolve Group stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $26.26, for a total value of $870,886.64. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Michael Mente sold 36,114 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $25.95, for a total value of $937,158.30. Following the transaction, the chief executive officer now owns 73,000 shares of the company’s stock, valued at approximately $1,894,350. This trade represents a 33.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 902,839 shares of company stock worth $29,112,870 in the last 90 days. 46.56% of the stock is owned by insiders.

Institutional Investors Weigh In On Revolve Group

Several hedge funds and other institutional investors have recently modified their holdings of RVLV. Farther Finance Advisors LLC grew its position in Revolve Group by 249.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,126 shares of the company’s stock worth $28,000 after purchasing an additional 804 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its stake in shares of Revolve Group by 91.1% in 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 period. Quarry LP acquired a new position in Revolve Group in the 2nd quarter valued at approximately $68,000. American Century Companies Inc. bought a new stake in shares of Revolve Group in the 2nd quarter worth approximately $165,000. Finally, nVerses Capital LLC acquired a new stake in shares of Revolve Group during the 3rd quarter worth approximately $171,000. Institutional investors and hedge funds own 67.60% of the company’s stock.

Revolve Group Stock Up 0.5 %

Shares of RVLV stock opened at $33.81 on Friday. The business has a 50 day moving average of $32.12 and a two-hundred day moving average of $24.62. The company has a market cap of $2.39 billion, a P/E ratio of 60.38, a PEG ratio of 2.34 and a beta of 2.18. Revolve Group has a 52 week low of $13.96 and a 52 week high of $39.58.

Revolve Group (NYSE:RVLV) last released its quarterly earnings data 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 net margin of 3.72% and a return on equity of 10.17%. The business had revenue of $283.15 million for the quarter, compared to analysts’ expectations of $271.08 million. During the same quarter last year, the company earned $0.04 EPS. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. Analysts expect that Revolve Group will post 0.6 EPS for the current fiscal year.

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.