Revolve Group (NYSE:RVLV) Upgraded by Barclays to Equal Weight Rating

Barclays upgraded shares of Revolve Group (NYSE:RVLV) from an underweight rating to an equal weight rating in a report released on Wednesday, Marketbeat Ratings reports. The brokerage currently has $25.00 price target on the stock, up from their previous price target of $17.00.

A number of other research firms have also recently issued reports on RVLV. UBS Group increased their price target on Revolve Group from $21.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Evercore ISI lifted their price target on shares of Revolve Group from $20.00 to $21.00 and gave the company an “in-line” rating in a research note on Wednesday, August 7th. TD Cowen increased their price objective on shares of Revolve Group from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Monday, August 26th. Roth Mkm boosted their target price on Revolve Group from $26.00 to $29.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Finally, Wedbush reiterated a “neutral” rating and issued a $19.00 price target on shares of Revolve Group in a report on Wednesday, August 7th. 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. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $26.19.

Revolve Group Stock Down 1.0 %

Shares of RVLV stock traded down $0.34 during trading hours on Wednesday, hitting $32.94. 157,638 shares of the company’s stock traded hands, compared to its average volume of 1,007,090. The stock has a market cap of $2.33 billion, a PE ratio of 73.91, a price-to-earnings-growth ratio of 2.43 and a beta of 2.05. The stock’s 50 day simple moving average is $24.67 and its 200 day simple moving average is $21.09. Revolve Group has a 12 month low of $12.63 and a 12 month high of $33.82.

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

Insider Activity

In related news, CEO Michael Mente sold 200,000 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $31.43, for a total value of $6,286,000.00. Following the transaction, the chief executive officer now directly owns 73,000 shares of the company’s stock, valued at approximately $2,294,390. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Michael Mente sold 200,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $31.43, for a total value of $6,286,000.00. Following the completion of the transaction, the chief executive officer now directly owns 73,000 shares of the company’s stock, valued at approximately $2,294,390. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Mmmk Development, Inc. sold 33,164 shares of Revolve Group stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $26.26, for a total value of $870,886.64. The disclosure for this sale can be found here. Insiders sold a total of 344,946 shares of company stock valued at $10,075,314 over the last three months. Corporate insiders own 46.56% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Farther Finance Advisors LLC lifted its holdings 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 acquiring an additional 804 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its holdings in Revolve Group by 91.1% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 4,069 shares of the company’s stock valued at $65,000 after buying an additional 1,940 shares during the last quarter. Quarry LP purchased a new stake in shares of Revolve Group during the second quarter worth about $68,000. American Century Companies Inc. bought a new stake in shares of Revolve Group in the 2nd quarter worth approximately $165,000. Finally, nVerses Capital LLC purchased a new position in Revolve Group during the 3rd quarter valued at $171,000. Hedge funds and other 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.