Revolve Group (NYSE:RVLV) Price Target Raised to $33.00 at Evercore ISI

Revolve Group (NYSE:RVLV) had its target price hoisted by analysts at Evercore ISI from $21.00 to $33.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has an “in-line” rating on the stock. Evercore ISI’s price objective indicates a potential upside of 0.18% from the stock’s current price.

A number of other brokerages have also commented on RVLV. Robert W. Baird lifted their price target on Revolve Group from $24.00 to $33.00 and gave the company a “neutral” rating in a research note on Wednesday. Wedbush reiterated a “neutral” rating and set a $19.00 target price on shares of Revolve Group in a research report on Wednesday, August 7th. Morgan Stanley restated an “equal weight” rating and issued a $26.00 price target (up from $17.00) on shares of Revolve Group in a research report on Monday, October 21st. BTIG Research lifted their price target on shares of Revolve Group from $24.00 to $26.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Finally, Piper Sandler increased their price objective on Revolve Group from $30.00 to $35.00 and gave the company an “overweight” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Revolve Group presently has a consensus rating of “Hold” and an average price target of $26.19.

Revolve Group Trading Down 1.0 %

Shares of Revolve Group stock opened at $32.94 on Wednesday. The firm’s 50 day moving average is $24.87 and its 200 day moving average is $21.18. The firm has a market capitalization of $2.33 billion, a PE ratio of 73.20, a price-to-earnings-growth ratio of 2.43 and a beta of 2.05. Revolve Group has a 1 year low of $12.63 and a 1 year high of $33.82.

Revolve Group (NYSE:RVLV) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.05. Revolve Group had a net margin of 3.08% and a return on equity of 8.35%. The company had revenue of $283.15 million during the quarter, compared to the consensus estimate of $271.08 million. During the same period in the prior year, the business earned $0.04 earnings per share. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. As a group, research analysts anticipate that Revolve Group will post 0.56 earnings per share for the current year.

Insider Buying and Selling

In other news, major shareholder Mmmk Development, Inc. sold 6,493 shares of the company’s 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 document filed with the SEC, which is accessible through this link. In other news, major shareholder Mmmk Development, Inc. sold 6,493 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $25.92, for a total transaction of $168,298.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael Mente sold 36,114 shares of the stock in a transaction on Tuesday, October 15th. The stock was 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 owns 73,000 shares in the company, valued at approximately $1,894,350. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 344,946 shares of company stock valued at $10,075,314 over the last ninety days. 46.56% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Revolve Group

A number of institutional investors and hedge funds have recently made changes to their positions in RVLV. Westfield Capital Management Co. LP bought a new stake in Revolve Group during the 1st quarter worth approximately $33,735,000. Dimensional Fund Advisors LP boosted its position in shares of Revolve Group by 22.1% during the second quarter. Dimensional Fund Advisors LP now owns 683,101 shares of the company’s stock valued at $10,867,000 after buying an additional 123,745 shares during the last quarter. Marshall Wace LLP grew its holdings in Revolve Group by 141.2% during the second quarter. Marshall Wace LLP now owns 478,623 shares of the company’s stock worth $7,615,000 after buying an additional 280,151 shares in the last quarter. Silvercrest Asset Management Group LLC raised its position in Revolve Group by 55.7% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 376,620 shares of the company’s stock valued at $7,973,000 after buying an additional 134,775 shares during the last quarter. Finally, Millennium Management LLC lifted its stake in Revolve Group by 68.1% during the 2nd quarter. Millennium Management LLC now owns 342,084 shares of the company’s stock valued at $5,443,000 after acquiring an additional 138,600 shares in 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.