Stifel Nicolaus Issues Positive Forecast for Revolve Group (NYSE:RVLV) Stock Price

Revolve Group (NYSE:RVLV) had its price objective lifted by equities researchers at Stifel Nicolaus from $35.00 to $41.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price objective would indicate a potential upside of 6.38% from the company’s previous close.

Several other equities analysts also recently issued reports on RVLV. BTIG Research increased their price objective on shares of Revolve Group from $30.00 to $35.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. TD Cowen increased their price objective on shares of Revolve Group from $28.00 to $34.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. UBS Group increased their price objective on shares of Revolve Group from $25.00 to $30.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Morgan Stanley reissued an “equal weight” rating and issued a $26.00 price target (up from $17.00) on shares of Revolve Group in a research note on Monday, October 21st. Finally, Evercore ISI raised their price target on shares of Revolve Group from $21.00 to $33.00 and gave the stock an “in-line” rating in a research note on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Revolve Group currently has an average rating of “Hold” and a consensus price target of $27.25.

Revolve Group Stock Performance

NYSE RVLV traded up $2.87 during mid-day trading on Wednesday, reaching $38.54. 243,429 shares of the stock were exchanged, compared to its average volume of 1,015,917. The business’s 50 day moving average is $30.09 and its 200-day moving average is $23.53. Revolve Group has a 1 year low of $13.96 and a 1 year high of $39.03. The company has a market capitalization of $2.73 billion, a P/E ratio of 68.82, a P/E/G ratio of 2.35 and a beta of 2.18.

Revolve Group (NYSE:RVLV) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.05. Revolve Group had a net margin of 3.72% and a return on equity of 10.17%. The firm had revenue of $283.15 million for the quarter, compared to the consensus estimate of $271.08 million. During the same period in the prior year, the firm posted $0.04 earnings per share. The firm’s quarterly revenue was up 9.9% compared to the same quarter last year. Equities analysts predict that Revolve Group will post 0.6 earnings per share for the current fiscal year.

Insider Activity

In other 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 value of $168,298.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Michael Mente sold 36,114 shares of the company’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $25.95, for a total transaction of $937,158.30. Following the completion of the transaction, the chief executive officer now owns 73,000 shares of the company’s stock, valued at approximately $1,894,350. The trade was a 33.10 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 770,512 shares of company stock valued at $24,534,363. 46.56% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Revolve Group

A number of large investors have recently bought and sold shares of the company. Precision Wealth Strategies LLC raised its position in Revolve Group by 3.3% during the 3rd quarter. Precision Wealth Strategies LLC now owns 12,741 shares of the company’s stock worth $316,000 after buying an additional 407 shares during the last quarter. Farther Finance Advisors LLC boosted its position 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 worth $28,000 after acquiring an additional 804 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Revolve Group by 4.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 26,498 shares of the company’s stock worth $561,000 after acquiring an additional 1,227 shares during the last quarter. Versor Investments LP raised its holdings in Revolve Group by 9.0% in the second quarter. Versor Investments LP now owns 16,953 shares of the company’s stock valued at $270,000 after buying an additional 1,405 shares during the period. Finally, Franklin Resources Inc. raised its holdings in Revolve Group by 6.9% in the third quarter. Franklin Resources Inc. now owns 27,195 shares of the company’s stock valued at $699,000 after buying an additional 1,753 shares during the period. Hedge funds and other institutional investors own 67.60% of the company’s stock.

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.