Revolve Group (NYSE:RVLV) Stock Price Expected to Rise, UBS Group Analyst Says

Revolve Group (NYSE:RVLV) had its price objective raised by UBS Group from $25.00 to $30.00 in a research note released on Wednesday, Benzinga reports. They currently have a neutral rating on the stock.

A number of other research analysts also recently weighed in on RVLV. TD Cowen lifted their price target on Revolve Group from $28.00 to $34.00 and gave the company a “buy” rating in a report on Wednesday. Roth Mkm reiterated a “buy” rating and set a $35.00 price target (up previously from $29.00) on shares of Revolve Group in a report on Wednesday. Barclays upgraded Revolve Group from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $17.00 to $25.00 in a research note on Wednesday. BTIG Research boosted their target price on Revolve Group from $30.00 to $35.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Evercore ISI boosted their target price on Revolve Group from $21.00 to $33.00 and gave the company an “in-line” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $26.19.

Revolve Group Stock Performance

Shares of RVLV stock traded down $0.40 on Wednesday, reaching $32.88. 136,472 shares of the company’s stock traded hands, compared to its average volume of 1,006,992. Revolve Group has a 12-month low of $12.63 and a 12-month high of $33.82. The company has a market capitalization of $2.32 billion, a P/E ratio of 73.91, a price-to-earnings-growth ratio of 2.43 and a beta of 2.05. The business’s 50 day moving average price is $24.67 and its two-hundred day moving average price is $21.09.

Revolve Group (NYSE:RVLV) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.05. Revolve Group had a return on equity of 8.35% and a net margin of 3.08%. The business had revenue of $283.15 million for the quarter, compared to the consensus estimate of $271.08 million. During the same quarter in the previous year, the company posted $0.04 earnings per share. Revolve Group’s revenue for the quarter was up 9.9% compared to the same quarter last year. Research analysts predict that Revolve Group will post 0.56 earnings per share for the current year.

Insider Transactions at Revolve Group

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

Hedge Funds Weigh In On Revolve Group

Several large investors have recently made changes to their positions in RVLV. Farther Finance Advisors LLC lifted its position in shares of Revolve Group by 249.7% during 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. raised its holdings in Revolve Group by 91.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 4,069 shares of the company’s stock valued at $65,000 after acquiring an additional 1,940 shares in the last quarter. Quarry LP acquired a new position in Revolve Group in the 2nd quarter valued at approximately $68,000. American Century Companies Inc. acquired a new position in Revolve Group in the 2nd quarter valued at approximately $165,000. Finally, nVerses Capital LLC acquired a new position in Revolve Group in the 3rd quarter valued at approximately $171,000. Institutional investors and hedge funds own 67.60% of the company’s stock.

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.