Analysts Set Revolve Group, Inc. (NYSE:RVLV) Target Price at $27.25

Shares of Revolve Group, Inc. (NYSE:RVLV) have received a consensus rating of “Hold” from the sixteen brokerages that are presently covering the firm, Marketbeat reports. One equities 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 company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $27.25.

Several analysts recently issued reports on RVLV shares. Stifel Nicolaus upped their target price on Revolve Group from $35.00 to $41.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. UBS Group upped their price objective on Revolve Group from $25.00 to $30.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. Robert W. Baird raised their target price on shares of Revolve Group from $24.00 to $33.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Evercore ISI upped 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 report on Wednesday, November 6th. Finally, Piper Sandler lifted their price objective on shares of Revolve Group from $30.00 to $35.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th.

Revolve Group Stock Up 1.6 %

Shares of RVLV opened at $33.58 on Friday. Revolve Group has a twelve month low of $13.96 and a twelve month high of $39.58. The stock has a market capitalization of $2.38 billion, a P/E ratio of 59.96, a P/E/G ratio of 2.34 and a beta of 2.19. The company has a 50 day moving average of $32.71 and a 200-day moving average of $25.01.

Revolve Group (NYSE:RVLV) last released its earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share for the quarter, beating 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 business had revenue of $283.15 million during the quarter, compared to the consensus estimate of $271.08 million. During the same quarter last year, the firm earned $0.04 earnings per share. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Revolve Group will post 0.6 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Revolve Group news, CEO Michael Mente sold 48,346 shares of the 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 transaction, the chief executive officer now owns 73,000 shares in the company, valued at $1,921,360. This represents a 39.84 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Mmmk Development, Inc. sold 33,164 shares of Revolve Group stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $26.26, for a total transaction of $870,886.64. The disclosure for this sale can be found here. In the last ninety days, insiders sold 902,839 shares of company stock valued at $29,112,870. Insiders own 46.56% of the company’s stock.

Institutional Investors Weigh In On Revolve Group

A number of large investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC raised its holdings in Revolve Group by 249.7% in the 3rd 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. raised its stake in Revolve Group by 91.1% in 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 bought a new stake in Revolve Group during the second quarter worth about $68,000. American Century Companies Inc. acquired a new stake in Revolve Group during the second quarter worth about $165,000. Finally, nVerses Capital LLC bought a new position in Revolve Group in the 3rd quarter valued at about $171,000. Institutional investors and hedge funds 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.