Revolve Group (NYSE:RVLV) Posts Earnings Results

Revolve Group (NYSE:RVLV) issued its quarterly earnings data on Tuesday. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.06, Briefing.com reports. Revolve Group had a net margin of 3.08% and a return on equity of 8.35%. The business had revenue of $283.15 million during the quarter, compared to analysts’ expectations of $271.08 million. During the same period last year, the company posted $0.04 EPS. The business’s revenue was up 9.9% on a year-over-year basis.

Revolve Group Stock Up 27.9 %

RVLV traded up $7.26 on Wednesday, reaching $33.28. 3,942,090 shares of the company traded hands, compared to its average volume of 1,010,831. Revolve Group has a one year low of $12.63 and a one year high of $33.82. The firm has a fifty day simple moving average of $24.47 and a two-hundred day simple moving average of $21.01. The company has a market cap of $2.35 billion, a P/E ratio of 72.04, a price-to-earnings-growth ratio of 2.43 and a beta of 2.05.

Insider Activity at Revolve Group

In other Revolve Group news, major shareholder Mmmk Development, Inc. sold 6,493 shares of the firm’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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Revolve Group news, major shareholder Mmmk Development, Inc. sold 6,493 shares of the firm’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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Michael Mente sold 48,346 shares of the firm’s 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 transaction, the chief executive officer now directly owns 73,000 shares in the company, valued at $1,921,360. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 124,573 shares of company stock worth $3,260,634 in the last 90 days. 46.56% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

RVLV has been the subject of a number of recent research reports. Evercore ISI lifted their price objective on shares of Revolve Group from $21.00 to $33.00 and gave the stock an “in-line” rating in a research note on Wednesday. Morgan Stanley reissued an “equal weight” rating and issued a $26.00 price objective (up from $17.00) on shares of Revolve Group in a research note on Monday, October 21st. Piper Sandler lifted their price objective on shares of Revolve Group from $30.00 to $35.00 and gave the stock an “overweight” rating in a research note on Wednesday. TD Cowen raised their target price on shares of Revolve Group from $28.00 to $34.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Barclays upgraded shares of Revolve Group from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $17.00 to $25.00 in a report on Wednesday. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Revolve Group currently has an average rating of “Hold” and a consensus target price of $26.19.

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.