Revolve Group (NYSE:RVLV) Price Target Raised to $33.00 at Evercore ISI

Revolve Group (NYSE:RVLV) had its price objective raised by Evercore ISI from $21.00 to $33.00 in a research note published on Wednesday,Benzinga reports. Evercore ISI currently has an in-line rating on the stock.

Several other equities research analysts also recently weighed in on RVLV. Roth Mkm raised their price target on shares of Revolve Group from $26.00 to $29.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Morgan Stanley reissued an “equal weight” rating and set a $26.00 price target (up previously from $17.00) on shares of Revolve Group in a research report on Monday, October 21st. Piper Sandler raised their price target on shares of Revolve Group from $30.00 to $35.00 and gave the company an “overweight” rating in a research report on Wednesday. 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. Finally, UBS Group lifted 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. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $26.19.

Revolve Group Price Performance

RVLV traded down $0.71 on Wednesday, hitting $32.57. The company had a trading volume of 331,470 shares, compared to its average volume of 1,007,895. Revolve Group has a 52-week low of $12.63 and a 52-week high of $33.82. The stock has a fifty day simple moving average of $24.67 and a 200-day simple moving average of $21.09. The firm has a market capitalization of $2.30 billion, a P/E ratio of 73.91, a P/E/G ratio of 2.43 and a beta of 2.05.

Revolve Group (NYSE:RVLV) last issued 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. 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 analyst estimates of $271.08 million. During the same period last year, the business posted $0.04 earnings per share. Revolve Group’s quarterly revenue was up 9.9% compared to the same quarter last year. Equities research analysts expect that Revolve Group will post 0.56 earnings per share for the current fiscal year.

Insider Buying and Selling at Revolve Group

In other news, CEO Michael Mente sold 36,114 shares of the business’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $25.95, for a total value of $937,158.30. Following the sale, the chief executive officer now directly owns 73,000 shares in the company, valued at $1,894,350. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CEO Michael Mente sold 36,114 shares of the business’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $25.95, for a total value of $937,158.30. Following the sale, the chief executive officer now directly owns 73,000 shares in the company, valued at $1,894,350. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Mmmk Development, Inc. sold 33,164 shares of the business’s stock in a transaction dated 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 ninety days, insiders have sold 344,946 shares of company stock worth $10,075,314. Insiders own 46.56% of the company’s stock.

Hedge Funds Weigh In On Revolve Group

A number of large investors have recently made changes to their positions in RVLV. Farther Finance Advisors LLC boosted its stake 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 period. Benjamin F. Edwards & Company Inc. boosted its stake in shares of Revolve Group by 91.1% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 4,069 shares of the company’s stock worth $65,000 after purchasing an additional 1,940 shares during the period. Quarry LP purchased a new position in shares of Revolve Group during the 2nd quarter worth about $68,000. American Century Companies Inc. purchased a new position in shares of Revolve Group during the 2nd quarter worth about $165,000. Finally, nVerses Capital LLC purchased a new position in shares of Revolve Group during the 3rd quarter worth about $171,000. 67.60% of the stock is owned by hedge funds and other 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.