Revolve Group (NYSE:RVLV) Releases Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Revolve Group (NYSE:RVLV) posted its earnings results on Tuesday. The company reported $0.12 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.01, Fidelity Earnings reports. The company had revenue of $147.56 million for the quarter, compared to the consensus estimate of $152.64 million. Revolve Group updated its FY 2020
After-Hours guidance to EPS.

RVLV traded down $0.38 during trading on Friday, hitting $15.20. The company’s stock had a trading volume of 25,437 shares, compared to its average volume of 924,330. The firm’s 50 day moving average price is $19.01 and its two-hundred day moving average price is $20.18. Revolve Group has a 12 month low of $14.35 and a 12 month high of $48.36. The stock has a market capitalization of $1.16 billion and a price-to-earnings ratio of 24.00.

Several equities analysts recently commented on RVLV shares. B. Riley restated a “buy” rating and set a $21.00 target price on shares of Revolve Group in a research report on Wednesday. BMO Capital Markets started coverage on Revolve Group in a research report on Monday, February 3rd. They set a “market perform” rating and a $19.00 target price for the company. Barclays restated a “hold” rating and set a $19.00 target price on shares of Revolve Group in a research report on Wednesday. Jefferies Financial Group cut their target price on Revolve Group from $60.00 to $25.00 and set a “buy” rating for the company in a research report on Wednesday. Finally, Credit Suisse Group cut their target price on Revolve Group from $25.00 to $20.00 and set an “outperform” rating for the company in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $21.92.

In other Revolve Group news, COO David Pujades sold 12,912 shares of Revolve Group stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $19.38, for a total value of $250,234.56. Following the completion of the transaction, the chief operating officer now owns 12,912 shares in the company, valued at approximately $250,234.56. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In the last quarter, insiders sold 112,836 shares of company stock valued at $2,202,208.

About Revolve Group

Revolve Group, Inc operates as an online fashion retailer for consumers in the United States and internationally. The company operates a platform that connects consumers and global fashion influencers, as well as emerging, established, and owned brands. It provides women's apparel, footwear, accessories, and beauty styles under a range of established and emerging brands, as well as owned brands.

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