Revolve Group, Inc. (NYSE:RVLV) Receives $73.43 Average PT from Brokerages

Revolve Group, Inc. (NYSE:RVLV) has earned a consensus rating of “Buy” from the nineteen analysts that are currently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and fourteen have given a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $73.99.

RVLV has been the subject of several recent research reports. Raymond James lifted their target price on shares of Revolve Group from $78.00 to $83.00 and gave the stock an “outperform” rating in a research note on Thursday, November 4th. Morgan Stanley reduced their price objective on shares of Revolve Group from $72.00 to $57.00 and set an “equal weight” rating for the company in a research note on Monday, December 27th. Credit Suisse Group boosted their price objective on shares of Revolve Group from $74.00 to $85.80 and gave the company an “outperform” rating in a research note on Thursday, November 4th. Wedbush boosted their price objective on shares of Revolve Group from $72.00 to $84.00 and gave the company an “outperform” rating in a research note on Thursday, November 4th. Finally, BMO Capital Markets boosted their price objective on shares of Revolve Group from $36.00 to $47.00 and gave the company a “market perform” rating in a research note on Thursday, November 4th.

In other news, CEO Michael Mente sold 38,527 shares of the business’s stock in a transaction that occurred on Monday, October 25th. The shares were sold at an average price of $73.04, for a total value of $2,814,012.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Mmmk Development, Inc. sold 51,939 shares of the business’s stock in a transaction that occurred on Tuesday, October 26th. The stock was sold at an average price of $72.97, for a total transaction of $3,789,988.83. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 626,652 shares of company stock valued at $48,203,564. 51.12% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in RVLV. Nisa Investment Advisors LLC bought a new stake in Revolve Group during the 2nd quarter valued at $34,000. Exchange Traded Concepts LLC bought a new stake in Revolve Group during the 3rd quarter valued at $40,000. O Shaughnessy Asset Management LLC raised its holdings in Revolve Group by 36.7% during the 2nd quarter. O Shaughnessy Asset Management LLC now owns 678 shares of the company’s stock valued at $47,000 after buying an additional 182 shares during the last quarter. Advisory Services Network LLC bought a new stake in Revolve Group during the 2nd quarter valued at $80,000. Finally, Great West Life Assurance Co. Can raised its holdings in Revolve Group by 68.4% during the 2nd quarter. Great West Life Assurance Co. Can now owns 1,822 shares of the company’s stock valued at $125,000 after buying an additional 740 shares during the last quarter. Hedge funds and other institutional investors own 52.24% of the company’s stock.

RVLV opened at $46.57 on Wednesday. The company has a market capitalization of $3.39 billion, a price-to-earnings ratio of 38.81, a PEG ratio of 1.84 and a beta of 2.32. The firm has a 50-day moving average price of $66.70 and a 200-day moving average price of $66.75. Revolve Group has a twelve month low of $31.38 and a twelve month high of $89.60.

Revolve Group (NYSE:RVLV) last posted its earnings results on Wednesday, November 3rd. The company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.07. The firm had revenue of $244.06 million during the quarter, compared to the consensus estimate of $217.18 million. Revolve Group had a net margin of 11.28% and a return on equity of 33.94%. During the same quarter last year, the company earned $0.27 earnings per share. On average, research analysts expect that Revolve Group will post 1.13 earnings per share for the current year.

Revolve Group Company Profile

Revolve Group, Inc engages in the retail of next-generation fashion for millennial and generation Z consumers. It operates through the Revolve, and Forward segments. The Revolve segment offers assortment of apparel and footwear, accessories and beauty products from emerging, established and owned brands.

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Analyst Recommendations for Revolve Group (NYSE:RVLV)

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