Revolve Group (NYSE:RVLV) Given New $58.00 Price Target at KeyCorp

Revolve Group (NYSE:RVLV) had its price target hoisted by equities researchers at KeyCorp from $47.00 to $58.00 in a research report issued on Tuesday, Benzinga reports. The firm presently has an “overweight” rating on the stock. KeyCorp’s price target indicates a potential upside of 11.75% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the stock. Guggenheim increased their price objective on shares of Revolve Group from $28.00 to $35.00 and gave the stock a “buy” rating in a research report on Wednesday, December 30th. Barclays increased their price objective on shares of Revolve Group from $23.00 to $39.00 in a research report on Thursday, February 25th. Raymond James increased their price objective on shares of Revolve Group from $32.00 to $50.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, March 3rd. BTIG Research increased their price objective on shares of Revolve Group from $41.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, February 25th. Finally, B. Riley increased their price objective on shares of Revolve Group from $42.00 to $58.00 and gave the stock a “buy” rating in a research report on Wednesday, March 24th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $41.28.

Shares of Revolve Group stock opened at $51.90 on Tuesday. The business has a 50-day moving average price of $46.95 and a two-hundred day moving average price of $32.06. Revolve Group has a 1-year low of $9.55 and a 1-year high of $55.83. The company has a market cap of $3.72 billion, a P/E ratio of 79.85, a PEG ratio of 3.02 and a beta of 2.83.

Revolve Group (NYSE:RVLV) last issued its quarterly earnings results on Wednesday, February 24th. The company reported $0.26 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.15. The firm had revenue of $140.75 million during the quarter, compared to the consensus estimate of $135.16 million. Revolve Group had a return on equity of 31.18% and a net margin of 7.87%. Analysts forecast that Revolve Group will post 0.63 earnings per share for the current fiscal year.

In other Revolve Group news, CEO Michael Mente sold 2,117,762 shares of Revolve Group stock in a transaction that occurred on Friday, February 26th. The shares were sold at an average price of $38.60, for a total transaction of $81,745,613.20. Following the transaction, the chief executive officer now owns 73,000 shares of the company’s stock, valued at approximately $2,817,800. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO David Pujades sold 5,380 shares of Revolve Group stock in a transaction that occurred on Thursday, February 11th. The stock was sold at an average price of $39.80, for a total transaction of $214,124.00. Following the transaction, the chief operating officer now directly owns 7,945 shares in the company, valued at approximately $316,211. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,192,347 shares of company stock worth $84,529,430. Insiders own 58.74% of the company’s stock.

Several institutional investors have recently bought and sold shares of the business. Swiss National Bank lifted its position in shares of Revolve Group by 2.3% during the 4th quarter. Swiss National Bank now owns 36,000 shares of the company’s stock worth $1,122,000 after buying an additional 800 shares in the last quarter. James Investment Research Inc. purchased a new stake in shares of Revolve Group during the 4th quarter worth approximately $28,000. Advisory Services Network LLC purchased a new stake in shares of Revolve Group during the 4th quarter worth approximately $29,000. First Horizon Advisors Inc. purchased a new stake in shares of Revolve Group during the 4th quarter worth approximately $30,000. Finally, California Public Employees Retirement System increased its stake in shares of Revolve Group by 4.3% during the 3rd quarter. California Public Employees Retirement System now owns 28,800 shares of the company’s stock worth $473,000 after purchasing an additional 1,200 shares during the last quarter. 32.46% of the stock is currently owned by hedge funds and other institutional investors.

About Revolve Group

Revolve Group, Inc operates as an online fashion retailer for consumers in the United States and internationally. The company operates through two segments, REVOLVE and FORWARD. It operates a platform that connects consumers and global fashion influencers, as well as emerging, established, and owned brands.

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Analyst Recommendations for Revolve Group (NYSE:RVLV)

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