Revolve Group (RVLV) Projected to Post Earnings on Tuesday

Revolve Group (NYSE:RVLV) is expected to announce its earnings results after the market closes on Tuesday, February 25th. Analysts expect the company to announce earnings of $0.09 per share and revenue of $283.22 million for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Revolve Group Trading Down 1.9 %

Shares of NYSE RVLV opened at $30.97 on Tuesday. Revolve Group has a 12-month low of $14.87 and a 12-month high of $39.58. The stock has a market cap of $2.19 billion, a PE ratio of 55.30, a P/E/G ratio of 1.57 and a beta of 2.17. The company has a 50-day moving average of $32.19 and a 200 day moving average of $28.69.

Insider Transactions at Revolve Group

In other Revolve Group news, CEO Michael Mente sold 71,463 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $35.20, for a total transaction of $2,515,497.60. Following the sale, the chief executive officer now directly owns 73,000 shares in the company, valued at $2,569,600. This represents a 49.47 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last three months, insiders have sold 833,024 shares of company stock worth $27,345,496. 46.56% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on RVLV shares. KeyCorp raised shares of Revolve Group from a “sector weight” rating to an “overweight” rating and set a $37.00 price objective for the company in a research note on Thursday, January 23rd. Evercore ISI upped their price objective on shares of Revolve Group from $21.00 to $33.00 and gave the company an “in-line” rating in a research note on Wednesday, November 6th. Barclays raised shares of Revolve Group from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $17.00 to $25.00 in a research note on Wednesday, November 6th. Piper Sandler upped 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. Finally, Roth Mkm reissued a “buy” rating and issued a $35.00 price target (up previously from $29.00) on shares of Revolve Group in a research note on Wednesday, November 6th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Revolve Group presently has an average rating of “Moderate Buy” and a consensus price target of $29.60.

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.