FY2024 Earnings Estimate for Revolve Group Issued By KeyCorp

Revolve Group, Inc. (NYSE:RVLV) – Analysts at KeyCorp issued their FY2024 earnings estimates for Revolve Group in a report released on Wednesday, January 22nd. KeyCorp analyst A. Owens expects that the company will earn $0.61 per share for the year. KeyCorp currently has a “Overweight” rating and a $37.00 target price on the stock. The consensus estimate for Revolve Group’s current full-year earnings is $0.60 per share. KeyCorp also issued estimates for Revolve Group’s FY2026 earnings at $1.04 EPS.

Revolve Group (NYSE:RVLV) last announced its earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.05. Revolve Group had a return on equity of 10.17% and a net margin of 3.72%. The firm had revenue of $283.15 million during the quarter, compared to analysts’ expectations of $271.08 million. During the same quarter in the prior year, the business earned $0.04 earnings per share. The company’s revenue was up 9.9% on a year-over-year basis.

Several other equities research analysts have also recently weighed in on RVLV. Robert W. Baird increased their price objective on Revolve Group from $24.00 to $33.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. Piper Sandler raised their price objective on Revolve Group from $30.00 to $35.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. Stifel Nicolaus increased their price objective on shares of Revolve Group from $35.00 to $41.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Barclays upgraded Revolve Group from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $17.00 to $25.00 in a research report on Wednesday, November 6th. Finally, UBS Group increased their target price on shares of Revolve Group from $25.00 to $30.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $29.60.

Revolve Group Stock Up 1.0 %

Shares of NYSE:RVLV opened at $31.16 on Monday. The business has a 50 day moving average price of $33.71 and a 200 day moving average price of $27.44. The company has a market cap of $2.20 billion, a price-to-earnings ratio of 55.64, a PEG ratio of 1.58 and a beta of 2.18. Revolve Group has a twelve month low of $14.04 and a twelve month high of $39.58.

Hedge Funds Weigh In On Revolve Group

A number of institutional investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC increased 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. Sugar Maple Asset Management LLC bought a new position in Revolve Group during the fourth quarter worth $50,000. Quarry LP bought a new position in shares of Revolve Group in the second quarter valued at about $68,000. American Century Companies Inc. bought a new position in shares of Revolve Group in the second quarter valued at about $165,000. Finally, nVerses Capital LLC bought a new stake in shares of Revolve Group during the 3rd quarter worth about $171,000. 67.60% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Revolve Group news, CFO Jesse Timmermans sold 91,625 shares of Revolve Group stock in a transaction 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 sale, the chief financial officer now directly owns 3,054 shares in the company, valued at approximately $93,818.88. The trade was a 96.77 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael Mente sold 69,605 shares of the stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $29.77, for a total transaction of $2,072,140.85. Following the transaction, the chief executive officer now owns 73,000 shares of the company’s stock, valued at approximately $2,173,210. This represents a 48.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 900,807 shares of company stock worth $29,507,102. Company insiders own 46.56% 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.