Revolve Group (NYSE:RVLV) Price Target Raised to $41.00

Revolve Group (NYSE:RVLV) had its price objective hoisted by Stifel Nicolaus from $35.00 to $41.00 in a research note published on Wednesday,Benzinga reports. They currently have a buy rating on the stock.

RVLV has been the topic of several other research reports. Morgan Stanley reiterated an “equal weight” rating and set a $26.00 price objective (up previously from $17.00) on shares of Revolve Group in a report on Monday, October 21st. Roth Mkm restated a “buy” rating and issued a $35.00 target price (up previously from $29.00) on shares of Revolve Group in a research note on Wednesday, November 6th. UBS Group boosted their target price on Revolve Group from $25.00 to $30.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. TD Cowen boosted their target price on Revolve Group from $28.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Finally, Evercore ISI boosted their target price on Revolve Group from $21.00 to $33.00 and gave the company an “in-line” rating in a research note on Wednesday, November 6th. One 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. According to MarketBeat.com, Revolve Group has a consensus rating of “Hold” and an average target price of $27.25.

Revolve Group Price Performance

NYSE:RVLV opened at $37.09 on Wednesday. Revolve Group has a fifty-two week low of $13.96 and a fifty-two week high of $39.03. The stock has a market capitalization of $2.62 billion, a PE ratio of 66.23, a price-to-earnings-growth ratio of 2.40 and a beta of 2.19. The business’s 50-day simple moving average is $30.89 and its 200-day simple moving average is $23.86.

Revolve Group (NYSE:RVLV) last released its quarterly earnings data on Tuesday, November 5th. The company reported $0.15 earnings per share 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 for the quarter, compared to analysts’ expectations of $271.08 million. During the same quarter in the previous year, the business posted $0.04 EPS. Revolve Group’s revenue for the quarter was up 9.9% on a year-over-year basis. On average, research analysts expect that Revolve Group will post 0.6 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Michael Mente sold 90,266 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $35.80, for a total transaction of $3,231,522.80. Following the transaction, the chief executive officer now directly owns 123,000 shares of the company’s stock, valued at approximately $4,403,400. The trade was a 42.33 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Jesse Timmermans sold 91,625 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $30.72, for a total value 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 approximately $93,818.88. This represents a 96.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 770,512 shares of company stock valued at $24,534,363. 46.56% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its holdings in Revolve Group by 22.1% in the 2nd 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 in the last quarter. Marshall Wace LLP grew its holdings in Revolve Group by 141.2% in the 2nd quarter. Marshall Wace LLP now owns 478,623 shares of the company’s stock valued at $7,615,000 after buying an additional 280,151 shares in the last quarter. Millennium Management LLC grew its holdings in shares of Revolve Group by 68.1% during the 2nd quarter. Millennium Management LLC now owns 342,084 shares of the company’s stock worth $5,443,000 after purchasing an additional 138,600 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Revolve Group by 0.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 315,213 shares of the company’s stock worth $7,811,000 after purchasing an additional 2,963 shares in the last quarter. Finally, Sei Investments Co. grew its holdings in shares of Revolve Group by 14.1% during the 2nd quarter. Sei Investments Co. now owns 176,593 shares of the company’s stock worth $2,810,000 after purchasing an additional 21,821 shares in the last quarter. 67.60% of the stock is owned by institutional investors and hedge funds.

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.