Revolve Group (NYSE:RVLV) Issues Earnings Results, Beats Estimates By $0.05 EPS

Revolve Group (NYSE:RVLV) issued its earnings results on Tuesday. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.05, Briefing.com reports. The firm had revenue of $283.15 million for the quarter, compared to analysts’ expectations of $271.08 million. Revolve Group had a return on equity of 8.35% and a net margin of 3.08%. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.04 earnings per share.

Revolve Group Trading Down 1.7 %

Revolve Group stock traded down $0.58 during midday trading on Thursday, hitting $32.70. The stock had a trading volume of 82,622 shares, compared to its average volume of 1,006,743. The stock has a market cap of $2.31 billion, a P/E ratio of 73.91, a P/E/G ratio of 2.43 and a beta of 2.05. The business has a fifty day moving average price of $24.67 and a 200 day moving average price of $21.09. Revolve Group has a 12 month low of $12.63 and a 12 month high of $33.82.

Analyst Ratings Changes

A number of research analysts have commented on RVLV shares. Morgan Stanley restated an “equal weight” rating and set a $26.00 price objective (up previously from $17.00) on shares of Revolve Group in a research note on Monday, October 21st. TD Cowen boosted their price objective on Revolve Group from $28.00 to $34.00 and gave the stock a “buy” rating in a research note on Wednesday. Evercore ISI boosted their price objective on Revolve Group from $21.00 to $33.00 and gave the stock an “in-line” rating in a research note on Wednesday. Roth Mkm restated a “buy” rating and set a $35.00 price objective (up previously from $29.00) on shares of Revolve Group in a research note on Wednesday. Finally, Barclays upgraded Revolve Group from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $17.00 to $25.00 in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Revolve Group currently has a consensus rating of “Hold” and a consensus target price of $26.19.

Insider Activity

In other Revolve Group news, CEO Michael Mente sold 200,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $31.43, for a total value of $6,286,000.00. Following the completion of the sale, the chief executive officer now directly owns 73,000 shares in the company, valued at $2,294,390. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 filing with the SEC, which is available through the SEC website. Also, CEO Michael Mente sold 200,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $31.43, for a total transaction of $6,286,000.00. Following the completion of the transaction, the chief executive officer now directly owns 73,000 shares in the company, valued at $2,294,390. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 344,946 shares of company stock valued at $10,075,314. 46.56% of the stock is currently owned by insiders.

Revolve Group Company Profile

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.