Q4 Earnings Forecast for Revolve Group Issued By KeyCorp

Revolve Group, Inc. (NYSE:RVLV) – Research analysts at KeyCorp issued their Q4 2024 earnings estimates for shares of Revolve Group in a report issued on Wednesday, January 22nd. KeyCorp analyst A. Owens anticipates that the company will post earnings per share of $0.10 for the quarter. KeyCorp currently has a “Overweight” rating and a $37.00 target price on the stock. The consensus estimate for Revolve Group’s current full-year earnings is $0.60 per share. KeyCorp also issued estimates for Revolve Group’s FY2025 earnings at $0.74 EPS.

Revolve Group (NYSE:RVLV) last issued 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 company had revenue of $283.15 million for the quarter, compared to analyst estimates of $271.08 million. During the same period in the prior year, the firm earned $0.04 earnings per share. The business’s revenue for the quarter was up 9.9% compared to the same quarter last year.

A number of other brokerages also recently issued reports on RVLV. Morgan Stanley reaffirmed an “equal weight” rating and issued a $26.00 price target (up from $17.00) on shares of Revolve Group in a report on Monday, October 21st. Robert W. Baird upped their target price on shares of Revolve Group from $24.00 to $33.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Roth Mkm reiterated a “buy” rating and set a $35.00 price target (up from $29.00) on shares of Revolve Group in a research note on Wednesday, November 6th. TD Cowen upped their price objective on shares of Revolve Group from $28.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Finally, UBS Group lifted their target price on Revolve Group from $25.00 to $30.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Revolve Group has an average rating of “Moderate Buy” and a consensus price target of $29.60.

Revolve Group Trading Up 0.3 %

Shares of RVLV stock opened at $31.54 on Friday. The company has a market cap of $2.23 billion, a P/E ratio of 56.33, a PEG ratio of 1.58 and a beta of 2.18. The firm has a fifty day moving average price of $33.78 and a 200 day moving average price of $27.14. Revolve Group has a 12 month low of $14.04 and a 12 month high of $39.58.

Insider Buying and Selling

In other news, CEO Michael Mente sold 20,373 shares of Revolve Group stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $25.95, for a total transaction of $528,679.35. Following the sale, the chief executive officer now owns 73,000 shares in the company, valued at $1,894,350. This trade represents a 21.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 sale, the chief financial officer now directly owns 3,054 shares in the company, valued at approximately $93,818.88. The trade was a 96.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 900,807 shares of company stock valued at $29,507,102. 46.56% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. American Century Companies Inc. bought a new stake in Revolve Group in the 2nd quarter valued at about $165,000. Dimensional Fund Advisors LP raised its holdings in shares of Revolve Group by 22.1% during the second quarter. Dimensional Fund Advisors LP now owns 683,101 shares of the company’s stock valued at $10,867,000 after buying an additional 123,745 shares during the last quarter. Hsbc Holdings PLC bought a new position in Revolve Group in the 2nd quarter worth approximately $260,000. Benjamin F. Edwards & Company Inc. increased its position in Revolve Group by 91.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 4,069 shares of the company’s stock valued at $65,000 after acquiring an additional 1,940 shares during the period. Finally, Sei Investments Co. raised its stake in Revolve Group by 14.1% during the 2nd quarter. Sei Investments Co. now owns 176,593 shares of the company’s stock valued at $2,810,000 after acquiring an additional 21,821 shares in the last quarter. Institutional investors and hedge funds 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.