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

Revolve Group, Inc. (NYSE:RVLV) has earned an average rating of “Hold” from the sixteen analysts that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $27.25.

A number of research firms recently issued reports on RVLV. Stifel Nicolaus boosted their target price on shares of Revolve Group from $35.00 to $41.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Piper Sandler boosted their price objective on shares of Revolve Group from $30.00 to $35.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. Roth Mkm reaffirmed a “buy” rating and issued a $35.00 target price (up from $29.00) on shares of Revolve Group in a research report on Wednesday, November 6th. TD Cowen lifted their target price on Revolve Group from $28.00 to $34.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Finally, UBS Group upped their price target on Revolve Group from $25.00 to $30.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th.

Insider Activity

In other Revolve Group news, major shareholder Mmmk Development, Inc. sold 33,164 shares of the company’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $26.26, for a total value of $870,886.64. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Michael Mente sold 36,114 shares of the stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $25.95, for a total value of $937,158.30. Following the transaction, the chief executive officer now owns 73,000 shares of the company’s stock, valued at approximately $1,894,350. This trade represents a 33.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 902,839 shares of company stock worth $29,112,870. 46.56% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Revolve Group

Several large investors have recently modified their holdings of the stock. Franklin Resources Inc. raised its stake in Revolve Group by 6.9% during the third quarter. Franklin Resources Inc. now owns 27,195 shares of the company’s stock valued at $699,000 after buying an additional 1,753 shares in the last quarter. Barclays PLC increased its holdings in shares of Revolve Group by 156.7% in the 3rd quarter. Barclays PLC now owns 85,613 shares of the company’s stock valued at $2,122,000 after acquiring an additional 52,257 shares during the last quarter. Polar Asset Management Partners Inc. acquired a new stake in shares of Revolve Group during the 3rd quarter valued at approximately $3,982,000. HighTower Advisors LLC bought a new position in Revolve Group during the third quarter worth $250,000. Finally, Centiva Capital LP boosted its holdings in Revolve Group by 238.3% in the third quarter. Centiva Capital LP now owns 56,133 shares of the company’s stock worth $1,391,000 after purchasing an additional 39,538 shares during the period. Institutional investors own 67.60% of the company’s stock.

Revolve Group Stock Up 0.5 %

Shares of Revolve Group stock opened at $33.81 on Friday. Revolve Group has a fifty-two week low of $13.96 and a fifty-two week high of $39.58. The business’s fifty day moving average is $32.12 and its two-hundred day moving average is $24.62. The firm has a market cap of $2.39 billion, a PE ratio of 60.38, a P/E/G ratio of 2.34 and a beta of 2.18.

Revolve Group (NYSE:RVLV) last released its earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.05. The firm had revenue of $283.15 million for the quarter, compared to the consensus estimate of $271.08 million. Revolve Group had a return on equity of 10.17% and a net margin of 3.72%. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.04 earnings per share. Equities research analysts anticipate that Revolve Group will post 0.6 EPS for the current year.

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.