Revolve Group (NYSE:RVLV) Price Target Raised to $30.00

Revolve Group (NYSE:RVLV) had its price objective upped by UBS Group from $25.00 to $30.00 in a report published on Wednesday,Benzinga reports. The firm currently has a neutral rating on the stock.

Several other equities research analysts have also recently weighed in on RVLV. Morgan Stanley reaffirmed an “equal weight” rating and set a $26.00 price objective (up previously from $17.00) on shares of Revolve Group in a research report on Monday, October 21st. Barclays raised shares of Revolve Group from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $17.00 to $25.00 in a report on Wednesday. Roth Mkm reissued a “buy” rating and issued a $35.00 target price (up previously from $29.00) on shares of Revolve Group in a report on Wednesday. Wedbush reiterated a “neutral” rating and issued a $19.00 price objective on shares of Revolve Group in a report on Wednesday, August 7th. Finally, BTIG Research raised their price objective on shares of Revolve Group from $30.00 to $35.00 and gave the company a “buy” rating in a report on Wednesday. One investment 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. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $26.19.

Revolve Group Stock Performance

RVLV stock opened at $31.47 on Wednesday. The company’s 50-day simple moving average is $25.04 and its 200 day simple moving average is $21.26. Revolve Group has a 52 week low of $12.63 and a 52 week high of $33.82. The company has a market capitalization of $2.22 billion, a PE ratio of 56.20, a price-to-earnings-growth ratio of 2.97 and a beta of 2.05.

Revolve Group (NYSE:RVLV) last released its quarterly earnings results on Tuesday, November 5th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.10 by $0.05. Revolve Group had a net margin of 3.72% and a return on equity of 10.17%. The business had revenue of $283.15 million for the quarter, compared to the consensus estimate of $271.08 million. During the same period in the prior year, the company posted $0.04 earnings per share. Revolve Group’s revenue was up 9.9% compared to the same quarter last year. On average, analysts forecast that Revolve Group will post 0.6 EPS for the current year.

Insider Buying and Selling at Revolve Group

In other Revolve Group news, CFO Jesse Timmermans sold 91,625 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $30.72, for a total transaction of $2,814,720.00. Following the completion of the sale, the chief financial officer now owns 3,054 shares of the company’s stock, valued at approximately $93,818.88. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jesse Timmermans sold 91,625 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $30.72, for a total transaction of $2,814,720.00. Following the sale, the chief financial officer now directly owns 3,054 shares of the company’s stock, valued at approximately $93,818.88. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 436,571 shares of company stock valued at $12,890,034. 46.56% of the stock is currently owned by company insiders.

Institutional Trading of Revolve Group

Several large investors have recently modified their holdings of RVLV. Farther Finance Advisors LLC lifted its holdings in shares of Revolve Group by 249.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,126 shares of the company’s stock worth $28,000 after purchasing an additional 804 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its stake in Revolve Group by 91.1% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 4,069 shares of the company’s stock valued at $65,000 after acquiring an additional 1,940 shares in the last quarter. Quarry LP bought a new position in Revolve Group during the 2nd quarter valued at $68,000. nVerses Capital LLC bought a new position in Revolve Group during the 3rd quarter valued at $171,000. Finally, LMR Partners LLP bought a new position in Revolve Group during the 3rd quarter valued at $228,000. 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.