TD Cowen Issues Positive Forecast for Revolve Group (NYSE:RVLV) Stock Price

Revolve Group (NYSE:RVLV) had its price target boosted by TD Cowen from $28.00 to $34.00 in a report published on Wednesday,Benzinga reports. They currently have a buy rating on the stock.

A number of other analysts have also recently commented on RVLV. Evercore ISI boosted their price target on Revolve Group from $20.00 to $21.00 and gave the stock an “in-line” rating in a research report on Wednesday, August 7th. Robert W. Baird increased their target price on Revolve Group from $24.00 to $33.00 and gave the stock a “neutral” rating in a research note on Wednesday. Roth Mkm raised their price target on Revolve Group from $26.00 to $29.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. UBS Group upped their price target on shares of Revolve Group from $21.00 to $25.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Finally, Barclays upgraded shares of Revolve Group from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $17.00 to $25.00 in a research note on Wednesday. One analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $26.19.

Revolve Group Trading Down 4.5 %

RVLV opened at $31.47 on Wednesday. Revolve Group has a 12-month low of $12.63 and a 12-month high of $33.82. The company has a market cap of $2.22 billion, a price-to-earnings ratio of 56.20, a price-to-earnings-growth ratio of 2.97 and a beta of 2.05. The stock has a fifty day simple moving average of $25.04 and a two-hundred day simple moving average of $21.27.

Revolve Group (NYSE:RVLV) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.05. Revolve Group had a net margin of 3.72% and a return on equity of 10.17%. The company had revenue of $283.15 million during the quarter, compared to analyst estimates of $271.08 million. During the same period last year, the business earned $0.04 EPS. Revolve Group’s quarterly revenue was up 9.9% compared to the same quarter last year. On average, analysts predict that Revolve Group will post 0.6 EPS for the current year.

Insider Buying and Selling

In other Revolve Group news, major shareholder Mmmk Development, Inc. sold 6,493 shares of the business’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $25.92, for a total transaction of $168,298.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Michael Mente sold 36,114 shares of the stock in a transaction that occurred on Tuesday, October 15th. The shares were 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 in the company, valued at $1,894,350. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Mmmk Development, Inc. sold 6,493 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $25.92, for a total transaction of $168,298.56. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 436,571 shares of company stock worth $12,890,034. 46.56% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Precision Wealth Strategies LLC increased its stake in shares of Revolve Group by 3.3% in the 3rd quarter. Precision Wealth Strategies LLC now owns 12,741 shares of the company’s stock worth $316,000 after purchasing an additional 407 shares in the last quarter. US Bancorp DE increased its position in Revolve Group by 1.8% in the first quarter. US Bancorp DE now owns 39,255 shares of the company’s stock worth $831,000 after buying an additional 677 shares in the last quarter. Farther Finance Advisors LLC raised its stake in shares of Revolve Group by 249.7% in the third quarter. Farther Finance Advisors LLC now owns 1,126 shares of the company’s stock worth $28,000 after buying an additional 804 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of Revolve Group by 4.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 26,498 shares of the company’s stock worth $561,000 after buying an additional 1,227 shares during the period. Finally, Versor Investments LP lifted its position in shares of Revolve Group by 9.0% during the 2nd quarter. Versor Investments LP now owns 16,953 shares of the company’s stock valued at $270,000 after buying an additional 1,405 shares in the last quarter. 67.60% of the stock is currently owned by institutional investors.

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.