Revolve Group, Inc. (NYSE:RVLV) Receives Average Rating of “Hold” from Analysts

Shares of Revolve Group, Inc. (NYSE:RVLV) have earned an average rating of “Hold” from the sixteen research firms that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $26.19.

Several analysts have commented on RVLV shares. Morgan Stanley reaffirmed an “equal weight” rating and issued a $26.00 price objective (up previously from $17.00) on shares of Revolve Group in a research report on Monday, October 21st. 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 report on Wednesday, November 6th. Robert W. Baird lifted their price objective on shares of Revolve Group from $24.00 to $33.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Roth Mkm reaffirmed a “buy” rating and issued a $35.00 price objective (up previously from $29.00) on shares of Revolve Group in a research report on Wednesday, November 6th. Finally, TD Cowen lifted their price objective on shares of Revolve Group from $28.00 to $34.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th.

Insider Buying and Selling

In related news, CEO Michael Mente sold 71,463 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $35.20, for a total transaction of $2,515,497.60. Following the sale, the chief executive officer now owns 73,000 shares of the company’s stock, valued at approximately $2,569,600. This represents a 49.47 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Mmmk Development, Inc. sold 33,164 shares of the company’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $26.26, for a total transaction of $870,886.64. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 581,817 shares of company stock valued at $17,870,621. Company insiders own 46.56% of the company’s stock.

Hedge Funds Weigh In On Revolve Group

A number of hedge funds and other institutional investors have recently bought and sold shares of RVLV. Farther Finance Advisors LLC grew its stake in Revolve Group by 249.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,126 shares of the company’s stock worth $28,000 after buying an additional 804 shares in the last quarter. Benjamin F. Edwards & Company Inc. grew its stake 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 worth $65,000 after buying an additional 1,940 shares in the last quarter. Quarry LP purchased a new position in Revolve Group in the 2nd quarter worth approximately $68,000. American Century Companies Inc. purchased a new stake in shares of Revolve Group in the 2nd quarter valued at $165,000. Finally, nVerses Capital LLC purchased a new stake in shares of Revolve Group in the 3rd quarter valued at $171,000. Hedge funds and other institutional investors own 67.60% of the company’s stock.

Revolve Group Stock Performance

Revolve Group stock opened at $36.08 on Wednesday. Revolve Group has a fifty-two week low of $13.24 and a fifty-two week high of $39.03. The stock has a market cap of $2.55 billion, a PE ratio of 64.43, a price-to-earnings-growth ratio of 2.28 and a beta of 2.05. The firm’s 50-day simple moving average is $28.54 and its 200 day simple moving average is $22.77.

Revolve Group (NYSE:RVLV) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.10 by $0.05. The business had revenue of $283.15 million for the quarter, compared to analyst estimates of $271.08 million. Revolve Group had a net margin of 3.72% and a return on equity of 10.17%. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.04 earnings per share. As a group, analysts predict that Revolve Group will post 0.6 EPS for the current fiscal year.

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.