Revolve Group (NYSE:RVLV) Issues Earnings Results

Revolve Group (NYSE:RVLV) announced its earnings results on Tuesday. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.06, Briefing.com reports. Revolve Group had a return on equity of 8.35% and a net margin of 3.08%. The company had revenue of $283.15 million for the quarter, compared to the consensus estimate of $271.08 million. During the same period last year, the business posted $0.04 EPS. The company’s revenue was up 9.9% on a year-over-year basis.

Revolve Group Stock Performance

Revolve Group stock traded up $7.26 during midday trading on Wednesday, reaching $33.28. The stock had a trading volume of 3,941,239 shares, compared to its average volume of 1,007,379. The stock’s 50-day simple moving average is $24.47 and its 200 day simple moving average is $21.01. Revolve Group has a twelve month low of $12.63 and a twelve month high of $33.82. The stock has a market capitalization of $2.35 billion, a PE ratio of 72.04, a price-to-earnings-growth ratio of 2.43 and a beta of 2.05.

Insider Transactions at Revolve Group

In related news, major shareholder Mmmk Development, Inc. sold 6,493 shares of Revolve Group stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $25.92, for a total transaction of $168,298.56. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CEO Michael Mente sold 48,346 shares of the stock in a transaction dated 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 owns 73,000 shares of the company’s stock, valued at approximately $1,921,360. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Mmmk Development, Inc. sold 6,493 shares of the company’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $25.92, for a total transaction of $168,298.56. 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 in the last three months. 46.56% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

RVLV has been the topic of a number of recent analyst reports. Morgan Stanley reiterated an “equal weight” rating and set a $26.00 price target (up from $17.00) on shares of Revolve Group in a research note on Monday, October 21st. TD Cowen increased their target price on Revolve Group from $28.00 to $34.00 and gave the stock a “buy” rating in a research note on Wednesday. Roth Mkm restated a “buy” rating and issued a $35.00 price target (up from $29.00) on shares of Revolve Group in a research note on Wednesday. Piper Sandler increased their price objective on Revolve Group from $30.00 to $35.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, BTIG Research boosted their target price on shares of Revolve Group from $30.00 to $35.00 and gave the stock a “buy” rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $26.19.

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.