BTIG Research Increases Revolve Group (NYSE:RVLV) Price Target to $35.00

Revolve Group (NYSE:RVLV) had its target price lifted by research analysts at BTIG Research from $30.00 to $35.00 in a report released on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the stock. BTIG Research’s target price indicates a potential upside of 6.25% from the company’s previous close.

Several other brokerages also recently weighed in on RVLV. Evercore ISI increased their target price on Revolve Group from $21.00 to $33.00 and gave the company an “in-line” rating in a research note on Wednesday. UBS Group increased their price objective on Revolve Group from $21.00 to $25.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. 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. Piper Sandler increased their price target on shares of Revolve Group from $30.00 to $35.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, Barclays upgraded shares of Revolve Group from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $17.00 to $25.00 in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $26.19.

Revolve Group Trading Down 1.0 %

Shares of Revolve Group stock opened at $32.94 on Wednesday. The firm has a fifty day simple moving average of $24.87 and a 200-day simple moving average of $21.18. The stock has a market capitalization of $2.33 billion, a price-to-earnings ratio of 73.20, a PEG ratio of 2.43 and a beta of 2.05. Revolve Group has a 1-year low of $12.63 and a 1-year high of $33.82.

Revolve Group (NYSE:RVLV) last released its earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.05. The firm had revenue of $283.15 million during the quarter, compared to analyst estimates of $271.08 million. Revolve Group had a net margin of 3.08% and a return on equity of 8.35%. The business’s revenue was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.04 EPS. As a group, research analysts predict that Revolve Group will post 0.56 earnings per share for the current year.

Insider Transactions at Revolve Group

In other Revolve Group news, major shareholder Mmmk Development, Inc. sold 6,493 shares of the stock in a transaction on Thursday, September 19th. The stock was 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 Securities & Exchange Commission, which is available through this link. 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 transaction 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 $1,921,360. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 344,946 shares of company stock valued at $10,075,314. Corporate insiders own 46.56% of the company’s stock.

Institutional Trading of Revolve Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Norden Group LLC lifted its position in Revolve Group by 38.3% during the 1st quarter. Norden Group LLC now owns 21,425 shares of the company’s stock worth $454,000 after buying an additional 5,929 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in shares of Revolve Group during the first quarter worth approximately $1,432,000. US Bancorp DE lifted its position in shares of Revolve Group by 1.8% during the first quarter. US Bancorp DE now owns 39,255 shares of the company’s stock worth $831,000 after purchasing an additional 677 shares in the last quarter. Westfield Capital Management Co. LP bought a new stake in shares of Revolve Group during the first quarter valued at approximately $33,735,000. Finally, Seven Eight Capital LP acquired a new stake in shares of Revolve Group in the first quarter valued at approximately $438,000. 67.60% of the stock is currently owned by institutional investors and hedge funds.

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.