Analysts Offer Predictions for Revolve Group FY2024 Earnings

Revolve Group, Inc. (NYSE:RVLV) – Equities research analysts at KeyCorp issued their FY2024 earnings per share estimates for shares of Revolve Group in a report released on Wednesday, January 22nd. KeyCorp analyst A. Owens anticipates that the company will earn $0.61 per share for the year. KeyCorp has a “Overweight” rating and a $37.00 price target 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 FY2026 earnings at $1.04 EPS.

RVLV has been the subject of several other reports. BTIG Research upped their target price on Revolve Group from $30.00 to $35.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Roth Mkm reaffirmed a “buy” rating and set a $35.00 target price (up from $29.00) on shares of Revolve Group in a research report on Wednesday, November 6th. Robert W. Baird boosted their price target on shares of Revolve Group from $24.00 to $33.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. UBS Group raised their price objective on shares of Revolve Group from $25.00 to $30.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Finally, 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 research note on Wednesday, December 11th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $29.60.

Revolve Group Price Performance

Shares of RVLV stock opened at $30.80 on Monday. Revolve Group has a one year low of $14.04 and a one year high of $39.58. The firm has a 50-day moving average of $33.75 and a 200-day moving average of $27.33. The company has a market cap of $2.18 billion, a P/E ratio of 55.00, a P/E/G ratio of 1.58 and a beta of 2.18.

Revolve Group (NYSE:RVLV) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.15 EPS for the quarter, topping 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 firm had revenue of $283.15 million during the quarter, compared to the consensus estimate of $271.08 million. During the same period in the prior year, the business posted $0.04 earnings per share. The company’s quarterly revenue was up 9.9% compared to the same quarter last year.

Insider Buying and Selling at Revolve Group

In other Revolve Group news, CFO Jesse Timmermans sold 91,625 shares of the stock in a transaction that occurred 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 sale, 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Michael Mente sold 20,373 shares of the firm’s stock in a transaction 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 completion of 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. Insiders have sold 900,807 shares of company stock valued at $29,507,102 in the last 90 days. 46.56% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Revolve Group

Several large investors have recently added to or reduced their stakes in RVLV. Janney Montgomery Scott LLC bought a new stake in Revolve Group during the fourth quarter valued at approximately $275,000. Dakota Wealth Management purchased a new stake in shares of Revolve Group during the 4th quarter valued at $211,000. Sugar Maple Asset Management LLC bought a new stake in shares of Revolve Group during the 4th quarter worth $50,000. JPMorgan Chase & Co. grew its position in Revolve Group by 83.4% in the third 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 in the last quarter. Finally, Franklin Resources Inc. increased its stake in Revolve Group by 6.9% in the third quarter. Franklin Resources Inc. now owns 27,195 shares of the company’s stock valued at $699,000 after acquiring an additional 1,753 shares during the last quarter. 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.