Revolve Group (NYSE:RVLV) Price Target Raised to $35.00 at Piper Sandler

Revolve Group (NYSE:RVLV) had its target price raised by Piper Sandler from $30.00 to $35.00 in a report released on Wednesday morning,Benzinga reports. They currently have an overweight rating on the stock.

Other equities analysts have also recently issued research reports about the stock. Roth Mkm boosted 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. UBS Group boosted their price target on Revolve Group from $21.00 to $25.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. BTIG Research lifted their target price on shares of Revolve Group from $24.00 to $26.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Barclays upgraded shares of Revolve Group from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $17.00 to $25.00 in a report on Wednesday. Finally, Evercore ISI increased their price objective on Revolve Group from $20.00 to $21.00 and gave the company an “in-line” rating in a research report on Wednesday, August 7th. One research 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. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $26.19.

Revolve Group Price Performance

NYSE RVLV traded down $0.87 during trading on Wednesday, hitting $32.41. 284,946 shares of the company’s stock traded hands, compared to its average volume of 1,007,679. The stock has a fifty day moving average of $24.67 and a two-hundred day moving average of $21.09. Revolve Group has a 12-month low of $12.63 and a 12-month high of $33.82. The firm has a market cap of $2.29 billion, a P/E ratio of 73.91, a PEG ratio of 2.43 and a beta of 2.05.

Revolve Group (NYSE:RVLV) last posted its earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.05. The company had revenue of $283.15 million during the quarter, compared to analyst estimates of $271.08 million. Revolve Group had a net margin of 3.08% and a return on equity of 8.35%. Revolve Group’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.04 earnings per share. As a group, analysts expect that Revolve Group will post 0.56 earnings per share for the current fiscal year.

Insider Activity at Revolve Group

In related news, major shareholder Mmmk Development, Inc. sold 6,493 shares of the company’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 transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, major shareholder Mmmk Development, Inc. sold 6,493 shares of the firm’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $25.92, for a total value of $168,298.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael Mente sold 200,000 shares of the stock in a transaction dated 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 sale, 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 three months, insiders sold 344,946 shares of company stock valued at $10,075,314. Insiders own 46.56% of the company’s stock.

Hedge Funds Weigh In On Revolve Group

Several hedge funds have recently bought and sold shares of RVLV. Farther Finance Advisors LLC raised its holdings in shares of Revolve Group by 249.7% in the third quarter. Farther Finance Advisors LLC now owns 1,126 shares of the company’s stock valued at $28,000 after acquiring an additional 804 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake in shares of Revolve Group by 91.1% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,069 shares of the company’s stock valued at $65,000 after purchasing an additional 1,940 shares in the last quarter. Quarry LP purchased a new position in Revolve Group during the second quarter valued at approximately $68,000. nVerses Capital LLC purchased a new stake in Revolve Group during the third quarter worth $171,000. Finally, American Century Companies Inc. purchased a new position in shares of Revolve Group in the 2nd quarter valued at $165,000. Institutional investors own 67.60% of the company’s stock.

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.