Revolve Group (NYSE:RVLV) Price Target Raised to $30.00

Revolve Group (NYSE:RVLV) had its price objective boosted by investment analysts at UBS Group from $25.00 to $30.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s price target would suggest a potential downside of 10.31% from the stock’s previous close.

Other analysts have also recently issued research reports about the company. Piper Sandler raised their price target on Revolve Group from $30.00 to $35.00 and gave the company an “overweight” rating in a report on Wednesday. Robert W. Baird increased their price objective on Revolve Group from $24.00 to $33.00 and gave the company a “neutral” rating in a research report on Wednesday. Roth Mkm reiterated a “buy” rating and set a $35.00 price objective (up from $29.00) on shares of Revolve Group in a research report on Wednesday. BTIG Research increased their price objective on Revolve Group from $30.00 to $35.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Wedbush reiterated a “neutral” rating and set a $19.00 price objective on shares of Revolve Group in a research report on Wednesday, August 7th. One equities 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 MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $26.19.

Revolve Group Trading Up 28.6 %

Revolve Group stock traded up $7.43 during trading on Wednesday, hitting $33.45. 3,147,851 shares of the company were exchanged, compared to its average volume of 1,006,589. The business’s 50 day moving average is $24.47 and its 200 day moving average is $21.01. Revolve Group has a 52 week low of $12.63 and a 52 week high of $33.71. The company has a market capitalization of $2.36 billion, a P/E ratio of 72.04, a PEG ratio of 2.43 and a beta of 2.05.

Revolve Group (NYSE:RVLV) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.06. Revolve Group had a return on equity of 8.35% and a net margin of 3.08%. The firm had revenue of $283.15 million during the quarter, compared to the consensus estimate of $271.08 million. During the same quarter in the prior year, the company earned $0.04 EPS. The business’s revenue for the quarter was up 9.9% on a year-over-year basis. Equities analysts expect that Revolve Group will post 0.56 EPS for the current year.

Insider Activity at Revolve Group

In related news, CEO Michael Mente sold 48,346 shares of the firm’s stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $26.32, for a total transaction of $1,272,466.72. Following the sale, the chief executive officer now owns 73,000 shares in the company, valued at approximately $1,921,360. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Michael Mente sold 48,346 shares of the business’s stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $26.32, for a total value of $1,272,466.72. Following the sale, the chief executive officer now directly owns 73,000 shares in the company, valued at $1,921,360. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Mmmk Development, Inc. sold 6,493 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $25.92, for a total transaction of $168,298.56. The disclosure for this sale can be found here. Insiders have sold 124,573 shares of company stock valued at $3,260,634 over the last quarter. 46.56% of the stock is owned by insiders.

Institutional Trading of Revolve Group

Several hedge funds have recently bought and sold shares of RVLV. Comerica Bank lifted its holdings in shares of Revolve Group by 12,630.9% in the first quarter. Comerica Bank now owns 179,888 shares of the company’s stock worth $3,808,000 after acquiring an additional 178,475 shares during the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in Revolve Group during the 1st quarter valued at approximately $1,432,000. Silvercrest Asset Management Group LLC grew its position in shares of Revolve Group by 55.7% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 376,620 shares of the company’s stock worth $7,973,000 after buying an additional 134,775 shares during the period. XTX Topco Ltd grew its position in shares of Revolve Group by 148.4% during the 2nd quarter. XTX Topco Ltd now owns 39,586 shares of the company’s stock worth $630,000 after buying an additional 23,652 shares during the period. Finally, Harbor Capital Advisors Inc. grew its position in shares of Revolve Group by 410.8% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 73,336 shares of the company’s stock worth $1,167,000 after buying an additional 58,979 shares during the period. 67.60% of the stock is currently owned by institutional investors and hedge funds.

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.