Revolve Group (NYSE:RVLV) Stock Price Expected to Rise, Piper Sandler Analyst Says

Revolve Group (NYSE:RVLV) had its target price boosted by equities researchers at Piper Sandler from $30.00 to $35.00 in a research note issued on Wednesday, Benzinga reports. The firm presently has an “overweight” rating on the stock. Piper Sandler’s price target would indicate a potential upside of 34.46% from the stock’s previous close.

Several other research firms have also commented on RVLV. UBS Group boosted their price objective on Revolve Group from $21.00 to $25.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Wedbush reiterated a “neutral” rating and set a $19.00 price objective on shares of Revolve Group in a research note on Wednesday, August 7th. Barclays upgraded Revolve Group from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $17.00 to $25.00 in a research note on Wednesday. Robert W. Baird boosted their target price on Revolve Group from $24.00 to $33.00 and gave the stock a “neutral” rating in a report on Wednesday. Finally, BTIG Research boosted their target price on Revolve Group from $24.00 to $26.00 and gave the stock a “buy” rating in a report on Friday, August 16th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $23.81.

Revolve Group Stock Performance

NYSE RVLV opened at $26.03 on Wednesday. The stock has a 50-day simple moving average of $24.41 and a two-hundred day simple moving average of $20.96. The firm has a market capitalization of $1.84 billion, a P/E ratio of 57.84, a PEG ratio of 2.43 and a beta of 2.05. Revolve Group has a fifty-two week low of $12.63 and a fifty-two week high of $26.72.

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 analysts’ consensus estimates of $0.09 by $0.06. Revolve Group had a return on equity of 8.35% and a net margin of 3.08%. The business had revenue of $283.15 million during the quarter, compared to analyst estimates of $271.08 million. During the same quarter last year, the business posted $0.04 EPS. The company’s revenue was up 9.9% on a year-over-year basis. As a group, analysts forecast that Revolve Group will post 0.56 earnings per share for the current year.

Insider Activity at Revolve Group

In other Revolve Group news, major shareholder Mmmk Development, Inc. sold 6,493 shares of the stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $25.92, for a total value of $168,298.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, major shareholder Mmmk Development, Inc. sold 6,493 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $25.92, for a total transaction of $168,298.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael Mente sold 48,346 shares of the firm’s stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $26.32, for a total transaction of $1,272,466.72. Following the transaction, the chief executive officer now directly owns 73,000 shares of the company’s stock, valued at approximately $1,921,360. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 124,573 shares of company stock worth $3,260,634 over the last 90 days. Company insiders own 46.56% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of RVLV. Farther Finance Advisors LLC boosted its position in Revolve Group by 249.7% during the third quarter. Farther Finance Advisors LLC now owns 1,126 shares of the company’s stock worth $28,000 after acquiring an additional 804 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its position in Revolve Group by 91.1% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,069 shares of the company’s stock worth $65,000 after acquiring an additional 1,940 shares during the last quarter. Quarry LP acquired a new stake in Revolve Group during the second quarter worth approximately $68,000. American Century Companies Inc. acquired a new stake in Revolve Group during the second quarter worth approximately $165,000. Finally, nVerses Capital LLC acquired a new stake in Revolve Group during the third quarter worth approximately $171,000. 67.60% of the stock is owned by hedge funds and other institutional investors.

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.