Brokerages Set Revolve Group, Inc. (NYSE:RVLV) Target Price at $26.19

Revolve Group, Inc. (NYSE:RVLV) has been given a consensus rating of “Hold” by the sixteen ratings firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $26.19.

Several brokerages have issued reports on RVLV. BTIG Research raised their price target on Revolve Group from $30.00 to $35.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Wedbush reissued a “neutral” rating and set a $19.00 target price on shares of Revolve Group in a report on Wednesday, August 7th. UBS Group lifted their target price on Revolve Group from $25.00 to $30.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Barclays raised Revolve Group from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $17.00 to $25.00 in a report on Wednesday, November 6th. Finally, Evercore ISI lifted their target price on Revolve Group from $21.00 to $33.00 and gave the stock an “in-line” rating in a report on Wednesday, November 6th.

Revolve Group Trading Down 2.3 %

NYSE:RVLV opened at $36.08 on Wednesday. Revolve Group has a 1-year low of $13.24 and a 1-year high of $39.03. The firm has a fifty day simple moving average of $28.32 and a 200 day simple moving average of $22.67. The stock has a market capitalization of $2.55 billion, a PE ratio of 65.27, a P/E/G ratio of 2.33 and a beta of 2.05.

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, beating the consensus estimate of $0.10 by $0.05. Revolve Group had a return on equity of 10.17% and a net margin of 3.72%. 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 posted $0.04 EPS. The company’s quarterly revenue was up 9.9% on a year-over-year basis. On average, equities analysts predict that Revolve Group will post 0.6 earnings per share for the current fiscal year.

Insider Buying and Selling at Revolve Group

In other Revolve Group news, CFO Jesse Timmermans sold 91,625 shares of Revolve Group stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $30.72, for a total value of $2,814,720.00. Following the transaction, the chief financial officer now owns 3,054 shares in the company, valued at $93,818.88. The trade was a 96.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Michael Mente sold 71,463 shares of Revolve Group stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $35.20, for a total value of $2,515,497.60. Following the completion of the transaction, the chief executive officer now owns 73,000 shares in the company, valued at approximately $2,569,600. This represents a 49.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 581,817 shares of company stock worth $17,870,621 over the last 90 days. Insiders own 46.56% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of RVLV. Farther Finance Advisors LLC grew its holdings in shares of Revolve Group by 249.7% during the third quarter. Farther Finance Advisors LLC now owns 1,126 shares of the company’s stock worth $28,000 after purchasing an additional 804 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its holdings 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 worth $65,000 after purchasing an additional 1,940 shares during the last quarter. Quarry LP bought a new stake in shares of Revolve Group during the second quarter worth about $68,000. nVerses Capital LLC bought a new stake in shares of Revolve Group during the third quarter worth about $171,000. Finally, LMR Partners LLP bought a new stake in shares of Revolve Group during the third quarter worth about $228,000. 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.