Revolve Group (NYSE:RVLV) Shares Down 7% – Here’s What Happened

Shares of Revolve Group, Inc. (NYSE:RVLV) traded down 7% on Monday . The company traded as low as $31.10 and last traded at $31.38. 195,487 shares traded hands during trading, a decline of 53% from the average session volume of 414,455 shares. The stock had previously closed at $33.75.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. TD Cowen upped their price target on Revolve Group from $28.00 to $34.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Barclays upgraded 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 research note on Wednesday, November 6th. 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 research report on Monday, October 21st. Stifel Nicolaus lifted their price objective on Revolve Group from $35.00 to $41.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Finally, BTIG Research boosted their target price on Revolve Group from $30.00 to $35.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Revolve Group has a consensus rating of “Hold” and a consensus price target of $27.93.

Revolve Group Trading Down 0.0 %

The stock has a market capitalization of $2.17 billion, a P/E ratio of 54.80, a price-to-earnings-growth ratio of 2.34 and a beta of 2.18. The stock’s fifty day moving average price is $33.76 and its two-hundred day moving average price is $25.88.

Revolve Group (NYSE:RVLV) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.05. The business had revenue of $283.15 million during the quarter, compared to the consensus estimate of $271.08 million. Revolve Group had a net margin of 3.72% and a return on equity of 10.17%. The firm’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.04 earnings per share. As a group, analysts expect that Revolve Group, Inc. will post 0.6 earnings per share for the current fiscal year.

Insider Buying and Selling at Revolve Group

In other news, CFO Jesse Timmermans sold 91,625 shares of Revolve Group stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $30.72, for a total value of $2,814,720.00. Following the completion of the transaction, the chief financial officer now owns 3,054 shares of the company’s stock, valued at $93,818.88. The trade was a 96.77 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael Mente sold 20,373 shares of the stock in a transaction dated Monday, November 4th. The shares were 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 in the company, valued at $1,894,350. This trade represents a 21.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 902,839 shares of company stock worth $29,112,870. 46.56% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Revolve Group

Institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. raised its position in Revolve Group by 83.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 349,670 shares of the company’s stock worth $8,665,000 after buying an additional 158,960 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of Revolve Group by 6.9% during the third quarter. Franklin Resources Inc. now owns 27,195 shares of the company’s stock valued at $699,000 after purchasing an additional 1,753 shares during the last quarter. Barclays PLC lifted its position in Revolve Group by 156.7% during the third quarter. Barclays PLC now owns 85,613 shares of the company’s stock valued at $2,122,000 after purchasing an additional 52,257 shares during the period. Polar Asset Management Partners Inc. purchased a new stake in Revolve Group in the third quarter worth approximately $3,982,000. Finally, HighTower Advisors LLC bought a new stake in Revolve Group in the 3rd quarter worth approximately $250,000. Hedge funds and other institutional investors 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.