Revolve Group (NYSE:RVLV) Receives Buy Rating from Roth Mkm

Roth Mkm reissued their buy rating on shares of Revolve Group (NYSE:RVLV) in a report published on Wednesday, Benzinga reports. They currently have a $35.00 price objective on the stock, up from their prior price objective of $29.00.

Several other analysts also recently issued reports on the company. Barclays upgraded Revolve Group from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $17.00 to $25.00 in a research note on Wednesday. Piper Sandler increased their price target on Revolve Group from $30.00 to $35.00 and gave the company an “overweight” rating in a report on Wednesday. Robert W. Baird lifted their price target on shares of Revolve Group from $24.00 to $33.00 and gave the company a “neutral” rating in a research report on Wednesday. TD Cowen upped their price objective on shares of Revolve Group from $28.00 to $34.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, UBS Group lifted their target price on shares of Revolve Group from $21.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $26.19.

Revolve Group Price Performance

RVLV traded down $0.40 during midday trading on Wednesday, hitting $32.88. 136,472 shares of the company’s stock traded hands, compared to its average volume of 1,006,992. The company has a market cap of $2.32 billion, a PE ratio of 73.91, a price-to-earnings-growth ratio of 2.43 and a beta of 2.05. The stock’s fifty day simple moving average is $24.67 and its 200-day simple moving average is $21.09. Revolve Group has a one year low of $12.63 and a one year high of $33.82.

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

Insider Transactions at Revolve Group

In related news, major shareholder Mmmk Development, Inc. sold 6,493 shares of the company’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $25.92, for a total value of $168,298.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Revolve Group news, CEO Michael Mente sold 20,373 shares of Revolve Group stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $25.95, for a total transaction of $528,679.35. Following the sale, the chief executive officer now directly owns 73,000 shares of the company’s stock, valued at approximately $1,894,350. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Mmmk Development, Inc. sold 6,493 shares of the stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $25.92, for a total value of $168,298.56. The disclosure for this sale can be found here. In the last quarter, insiders have sold 344,946 shares of company stock valued at $10,075,314. 46.56% of the stock is owned by corporate insiders.

Institutional Trading of Revolve Group

Several institutional investors have recently bought and sold shares of RVLV. Thrivent Financial for Lutherans acquired a new position in Revolve Group during the third quarter worth $1,509,000. Lisanti Capital Growth LLC acquired a new stake in shares of Revolve Group in the 3rd quarter valued at $2,276,000. Los Angeles Capital Management LLC grew its holdings in shares of Revolve Group by 17.5% in the 3rd quarter. Los Angeles Capital Management LLC now owns 33,701 shares of the company’s stock worth $835,000 after purchasing an additional 5,011 shares during the last quarter. BloombergSen Inc. increased its position in shares of Revolve Group by 39.1% during the 3rd quarter. BloombergSen Inc. now owns 35,239 shares of the company’s stock worth $873,000 after purchasing an additional 9,904 shares in the last quarter. Finally, Harbor Capital Advisors Inc. lifted its holdings in Revolve Group by 46.1% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 107,148 shares of the company’s stock valued at $2,655,000 after purchasing an additional 33,812 shares during the last quarter. Institutional investors and hedge funds own 67.60% of the company’s stock.

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.