Revolve Group (NYSE:RVLV) Upgraded to Overweight at KeyCorp

KeyCorp upgraded shares of Revolve Group (NYSE:RVLV) from a sector weight rating to an overweight rating in a research report sent to investors on Thursday morning, MarketBeat reports. The brokerage currently has $37.00 target price on the stock. KeyCorp also issued estimates for Revolve Group’s Q4 2024 earnings at $0.10 EPS and FY2025 earnings at $0.74 EPS.

Several other research analysts also recently commented on RVLV. TD Cowen lifted their target price on shares of Revolve Group from $28.00 to $34.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Roth Mkm reiterated a “buy” rating and issued a $35.00 price objective (up from $29.00) on shares of Revolve Group in a research note on Wednesday, November 6th. UBS Group boosted their price objective on Revolve Group from $25.00 to $30.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Stifel Nicolaus raised their target price on Revolve Group from $35.00 to $41.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Finally, Evercore ISI upped their price target on Revolve Group from $21.00 to $33.00 and gave the stock an “in-line” rating in a report on Wednesday, November 6th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, Revolve Group currently has an average rating of “Moderate Buy” and a consensus target price of $29.60.

Revolve Group Price Performance

Shares of NYSE:RVLV opened at $31.54 on Thursday. The stock has a market capitalization of $2.23 billion, a P/E ratio of 56.33, a P/E/G ratio of 1.58 and a beta of 2.18. The business has a 50-day moving average of $33.78 and a two-hundred day moving average of $27.14. Revolve Group has a fifty-two week low of $14.04 and a fifty-two week high of $39.58.

Revolve Group (NYSE:RVLV) last announced its 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 return on equity of 10.17% and a net margin of 3.72%. The firm had revenue of $283.15 million during the quarter, compared to analysts’ expectations of $271.08 million. During the same quarter in the prior year, the business earned $0.04 earnings per share. The company’s revenue was up 9.9% on a year-over-year basis. As a group, research analysts expect that Revolve Group will post 0.6 EPS for the current fiscal year.

Insider Activity

In other Revolve Group news, CFO Jesse Timmermans sold 91,625 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $30.72, for a total transaction of $2,814,720.00. Following the completion of the transaction, the chief financial officer now directly owns 3,054 shares in the company, valued at $93,818.88. This represents a 96.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Michael Mente sold 20,373 shares of Revolve Group stock in a transaction on Monday, November 4th. The shares were sold at an average price of $25.95, for a total value of $528,679.35. Following the transaction, the chief executive officer now directly owns 73,000 shares of the company’s stock, valued at approximately $1,894,350. The trade was a 21.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 900,807 shares of company stock worth $29,507,102. Corporate insiders own 46.56% of the company’s stock.

Institutional Investors Weigh In On Revolve Group

A number of hedge funds have recently made changes to their positions in the company. Janney Montgomery Scott LLC acquired a new position in Revolve Group in the fourth quarter valued at about $275,000. Dakota Wealth Management bought a new position in shares of Revolve Group in the fourth quarter valued at approximately $211,000. Sugar Maple Asset Management LLC acquired a new position in shares of Revolve Group in the 4th quarter worth approximately $50,000. JPMorgan Chase & Co. grew its position in Revolve Group by 83.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 349,670 shares of the company’s stock worth $8,665,000 after acquiring an additional 158,960 shares during the last quarter. Finally, Franklin Resources Inc. grew its position in Revolve Group by 6.9% during the 3rd quarter. Franklin Resources Inc. now owns 27,195 shares of the company’s stock worth $699,000 after acquiring an additional 1,753 shares during 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.