Revolve Group, Inc. (NYSE:RVLV) CFO Jesse Timmermans Sells 91,625 Shares

Revolve Group, Inc. (NYSE:RVLV) CFO Jesse Timmermans sold 91,625 shares of Revolve Group stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $30.72, for a total value of $2,814,720.00. Following the transaction, the chief financial officer now directly owns 3,054 shares in the company, valued at approximately $93,818.88. The trade was 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 link.

Revolve Group Stock Performance

NYSE:RVLV opened at $31.47 on Friday. Revolve Group, Inc. has a 52-week low of $12.63 and a 52-week high of $33.82. The business’s fifty day moving average is $25.04 and its 200 day moving average is $21.26. The firm has a market cap of $2.22 billion, a price-to-earnings ratio of 56.20, a PEG ratio of 2.97 and a beta of 2.05.

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

Analyst Upgrades and Downgrades

Several brokerages have weighed in on RVLV. TD Cowen raised their price objective on Revolve Group from $28.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday. Morgan Stanley restated an “equal weight” rating and set a $26.00 price target (up from $17.00) on shares of Revolve Group in a report on Monday, October 21st. Robert W. Baird increased their price objective on shares of Revolve Group from $24.00 to $33.00 and gave the company a “neutral” rating in a research note on Wednesday. Wedbush restated a “neutral” rating and issued a $19.00 target price on shares of Revolve Group in a research note on Wednesday, August 7th. Finally, Evercore ISI upped their price objective on Revolve Group from $21.00 to $33.00 and gave the company an “in-line” rating in a research note on Wednesday. One 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 company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $26.19.

Institutional Investors Weigh In On Revolve Group

Institutional investors and hedge funds have recently made changes to their positions in the business. Farther Finance Advisors LLC lifted its holdings in shares of Revolve Group by 249.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,126 shares of the company’s stock worth $28,000 after acquiring an additional 804 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its position in Revolve Group by 91.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 4,069 shares of the company’s stock worth $65,000 after purchasing an additional 1,940 shares during the period. Quarry LP purchased a new stake in Revolve Group during the second quarter valued at about $68,000. American Century Companies Inc. bought a new stake in shares of Revolve Group in the 2nd quarter valued at about $165,000. Finally, nVerses Capital LLC purchased a new stake in shares of Revolve Group during the third quarter valued at approximately $171,000. Hedge funds and other institutional investors 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.