Revolve Group (NYSE:RVLV) Given New $25.00 Price Target at UBS Group

Revolve Group (NYSE:RVLV) had its price objective raised by UBS Group from $21.00 to $25.00 in a research report sent to investors on Thursday morning, Benzinga reports. UBS Group currently has a neutral rating on the stock.

A number of other analysts have also issued reports on the company. Wedbush reaffirmed a “neutral” rating and set a $19.00 target price on shares of Revolve Group in a research report on Wednesday, August 7th. Evercore ISI lifted their price objective on Revolve Group from $20.00 to $21.00 and gave the stock an “in-line” rating in a report on Wednesday, August 7th. BTIG Research increased their target price on Revolve Group from $24.00 to $26.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Robert W. Baird lifted their price target on shares of Revolve Group from $23.00 to $24.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 14th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $30.00 price target on shares of Revolve Group in a report on Friday, August 23rd. Two analysts have 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 data from MarketBeat.com, Revolve Group presently has an average rating of “Hold” and a consensus target price of $21.81.

Revolve Group Stock Up 0.2 %

NYSE RVLV opened at $26.35 on Thursday. Revolve Group has a fifty-two week low of $12.42 and a fifty-two week high of $26.69. The business has a 50 day moving average price of $23.90 and a two-hundred day moving average price of $20.46. The stock has a market cap of $1.86 billion, a PE ratio of 58.56, a P/E/G ratio of 2.49 and a beta of 2.05.

Revolve Group (NYSE:RVLV) last announced its earnings results on Tuesday, August 6th. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.08. Revolve Group had a net margin of 3.08% and a return on equity of 8.35%. The business had revenue of $282.50 million during the quarter, compared to the consensus estimate of $277.06 million. During the same period in the prior year, the firm earned $0.10 earnings per share. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. Sell-side analysts anticipate that Revolve Group will post 0.55 EPS for the current fiscal year.

Insider Buying and Selling

In other Revolve Group news, CEO Michael Mente sold 48,346 shares of Revolve Group stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $26.32, for a total value of $1,272,466.72. Following the completion of the transaction, the chief executive officer now directly owns 73,000 shares in the company, valued at $1,921,360. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Revolve Group news, major shareholder Mmmk Development, Inc. sold 33,164 shares of the firm’s stock in a transaction that occurred on Wednesday, October 16th. The shares were 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 accessible through this hyperlink. Also, CEO Michael Mente sold 48,346 shares of Revolve Group stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $26.32, for a total value of $1,272,466.72. Following the sale, the chief executive officer now directly owns 73,000 shares in the company, valued at approximately $1,921,360. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 124,573 shares of company stock worth $3,260,634 over the last quarter. 46.56% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Comerica Bank grew its position in Revolve Group by 12,630.9% in the 1st quarter. Comerica Bank now owns 179,888 shares of the company’s stock valued at $3,808,000 after buying an additional 178,475 shares in the last quarter. Capstone Investment Advisors LLC bought a new stake in Revolve Group during the first quarter worth approximately $1,591,000. Susquehanna Fundamental Investments LLC bought a new stake in shares of Revolve Group in the 1st quarter worth $1,432,000. Silvercrest Asset Management Group LLC lifted its holdings in shares of Revolve Group by 55.7% in the first quarter. Silvercrest Asset Management Group LLC now owns 376,620 shares of the company’s stock valued at $7,973,000 after buying an additional 134,775 shares during the period. Finally, XTX Topco Ltd boosted its stake in Revolve Group by 148.4% during the second quarter. XTX Topco Ltd now owns 39,586 shares of the company’s stock valued at $630,000 after buying an additional 23,652 shares in the last quarter. Institutional investors and hedge funds own 67.60% of the company’s stock.

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.