Revolve Group (NYSE:RVLV) PT Raised to $56.00 at Cowen


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Revolve Group (NYSE:RVLV) had its target price upped by equities researchers at Cowen from $45.00 to $56.00 in a research note issued to investors on Monday, The Fly reports. The brokerage presently has an “outperform” rating on the stock. Cowen’s target price would indicate a potential upside of 9.59% from the stock’s current price.

A number of other research analysts have also issued reports on the stock. Roth Capital upped their price target on shares of Revolve Group from $45.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, March 18th. Guggenheim raised their price target on shares of Revolve Group from $28.00 to $35.00 and gave the company a “buy” rating in a research report on Wednesday, December 30th. Bank of America raised shares of Revolve Group from a “neutral” rating to a “buy” rating and increased their price objective for the company from $42.00 to $65.00 in a report on Wednesday, March 24th. Barclays increased their price objective on shares of Revolve Group from $23.00 to $39.00 in a report on Thursday, February 25th. Finally, Piper Sandler raised their price target on shares of Revolve Group from $45.00 to $53.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 7th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Revolve Group presently has an average rating of “Buy” and a consensus price target of $41.28.

Shares of RVLV stock opened at $51.10 on Monday. The company’s fifty day simple moving average is $46.68 and its two-hundred day simple moving average is $31.89. Revolve Group has a 52 week low of $9.55 and a 52 week high of $55.83. The stock has a market cap of $3.66 billion, a P/E ratio of 78.62, a PEG ratio of 3.02 and a beta of 2.83.

Revolve Group (NYSE:RVLV) last issued its quarterly earnings results on Wednesday, February 24th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.11 by $0.15. Revolve Group had a net margin of 7.87% and a return on equity of 31.18%. The company had revenue of $140.75 million for the quarter, compared to the consensus estimate of $135.16 million. On average, research analysts forecast that Revolve Group will post 0.63 EPS for the current fiscal year.

In related news, CEO Michael Mente sold 2,117,762 shares of Revolve Group stock in a transaction that occurred on Friday, February 26th. The shares were sold at an average price of $38.60, for a total value of $81,745,613.20. Following the completion of the transaction, the chief executive officer now owns 73,000 shares in the company, valued at $2,817,800. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO David Pujades sold 38,090 shares of Revolve Group stock in a transaction that occurred on Monday, January 25th. The stock was sold at an average price of $37.98, for a total transaction of $1,446,658.20. Following the completion of the transaction, the chief operating officer now owns 29,344 shares of the company’s stock, valued at approximately $1,114,485.12. The disclosure for this sale can be found here. Insiders sold 2,200,022 shares of company stock valued at $84,805,269 in the last 90 days. Company insiders own 58.74% of the company’s stock.

A number of institutional investors have recently modified their holdings of the stock. Dalton Greiner Hartman Maher & Co. purchased a new position in Revolve Group in the first quarter worth approximately $783,000. Dimensional Fund Advisors LP purchased a new stake in shares of Revolve Group during the 4th quarter worth approximately $1,488,000. UBS Asset Management Americas Inc. purchased a new stake in shares of Revolve Group during the 4th quarter worth approximately $527,000. Principal Financial Group Inc. lifted its position in shares of Revolve Group by 82.5% during the 4th quarter. Principal Financial Group Inc. now owns 737,203 shares of the company’s stock worth $22,979,000 after buying an additional 333,259 shares during the last quarter. Finally, Voloridge Investment Management LLC purchased a new stake in shares of Revolve Group during the 4th quarter worth approximately $1,138,000. Institutional investors own 32.46% of the company’s stock.

Revolve Group Company Profile

Revolve Group, Inc operates as an online fashion retailer for consumers in the United States and internationally. The company operates through two segments, REVOLVE and FORWARD. It operates a platform that connects consumers and global fashion influencers, as well as emerging, established, and owned brands.

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Analyst Recommendations for Revolve Group (NYSE:RVLV)

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