Revolve Group (NYSE:RVLV) Sets New 12-Month High – What’s Next?

Shares of Revolve Group, Inc. (NYSE:RVLV) hit a new 52-week high during trading on Tuesday . The stock traded as high as $34.48 and last traded at $34.45, with a volume of 48061 shares traded. The stock had previously closed at $33.57.

Analyst Ratings Changes

Several analysts have commented on the stock. Robert W. Baird lifted their price objective on shares of Revolve Group from $24.00 to $33.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. UBS Group boosted their price target on shares of Revolve Group from $25.00 to $30.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. 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 report on Wednesday, November 6th. Wedbush reissued a “neutral” rating and issued a $19.00 price target on shares of Revolve Group in a research report on Wednesday, August 7th. Finally, Evercore ISI boosted their price target on shares of Revolve Group from $21.00 to $33.00 and gave the company an “in-line” rating in a research report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $26.19.

Revolve Group Trading Down 3.0 %

The company has a market capitalization of $2.36 billion, a P/E ratio of 59.55, a price-to-earnings-growth ratio of 2.17 and a beta of 2.05. The stock’s fifty day moving average is $25.72 and its 200 day moving average is $21.57.

Revolve Group (NYSE:RVLV) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.15 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $271.08 million. During the same period in the prior year, the business earned $0.04 EPS. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. On average, analysts expect that Revolve Group, Inc. will post 0.6 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Michael Mente sold 36,114 shares of the stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $25.95, for a total value of $937,158.30. Following the completion of the transaction, the chief executive officer now directly owns 73,000 shares in the company, valued at $1,894,350. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, major shareholder Mmmk Development, Inc. sold 6,493 shares of the stock in a transaction dated 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 SEC, which can be accessed through the SEC website. Also, CEO Michael Mente sold 36,114 shares of the stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $25.95, for a total transaction of $937,158.30. Following the sale, the chief executive officer now directly owns 73,000 shares in the company, valued at $1,894,350. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 436,571 shares of company stock worth $12,890,034. 46.56% of the stock is currently owned by corporate insiders.

Institutional Trading of Revolve Group

Institutional investors have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its position in Revolve Group by 0.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 315,213 shares of the company’s stock worth $7,811,000 after purchasing an additional 2,963 shares during the last quarter. Navellier & Associates Inc. purchased a new position in shares of Revolve Group in the third quarter worth approximately $612,000. Intech Investment Management LLC bought a new position in Revolve Group in the third quarter worth approximately $241,000. LMR Partners LLP purchased a new stake in shares of Revolve Group in the 3rd quarter worth $228,000. Finally, Thrivent Financial for Lutherans bought a new stake in Revolve Group during the third quarter valued at about $1,509,000. 67.60% of the stock is owned by hedge funds and other institutional investors.

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.