BTIG Research Issues Positive Forecast for Revolve Group (NYSE:RVLV) Stock Price

Revolve Group (NYSE:RVLV) had its price target boosted by BTIG Research from $30.00 to $35.00 in a research note published on Wednesday,Benzinga reports. The firm currently has a buy rating on the stock.

RVLV has been the subject of a number of other reports. Morgan Stanley restated an “equal weight” rating and set a $26.00 price objective (up from $17.00) on shares of Revolve Group in a research report on Monday, October 21st. Barclays raised shares of Revolve Group from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $17.00 to $25.00 in a report on Wednesday. Evercore ISI upped their target price on shares of Revolve Group from $21.00 to $33.00 and gave the stock an “in-line” rating in a report on Wednesday. Robert W. Baird upped their target price on shares of Revolve Group from $24.00 to $33.00 and gave the stock a “neutral” rating in a report on Wednesday. Finally, UBS Group upped 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 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. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $26.19.

Revolve Group Trading Down 2.1 %

NYSE:RVLV traded down $0.71 during trading hours on Wednesday, reaching $32.57. 331,470 shares of the company were exchanged, compared to its average volume of 1,007,895. The stock’s 50-day moving average is $24.67 and its 200-day moving average is $21.09. The firm has a market cap of $2.30 billion, a PE ratio of 73.91, a price-to-earnings-growth ratio of 2.43 and a beta of 2.05. Revolve Group has a twelve month low of $12.63 and a twelve month high of $33.82.

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

Insiders Place Their Bets

In other news, major shareholder Mmmk Development, Inc. sold 6,493 shares of the 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 legal filing with the SEC, which is available at this link. In other news, major shareholder Mmmk Development, Inc. sold 6,493 shares of the 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 legal filing with the SEC, which is available at this link. Also, CEO Michael Mente sold 48,346 shares of the stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $26.32, for a total transaction of $1,272,466.72. Following the sale, the chief executive officer now directly owns 73,000 shares in the company, valued at $1,921,360. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 344,946 shares of company stock valued at $10,075,314 over the last 90 days. 46.56% of the stock is owned by company insiders.

Institutional Trading of Revolve Group

Hedge funds have recently added to or reduced their stakes in the company. Norden Group LLC raised its holdings in Revolve Group by 38.3% during the first quarter. Norden Group LLC now owns 21,425 shares of the company’s stock worth $454,000 after purchasing an additional 5,929 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in shares of Revolve Group during the first quarter worth approximately $1,432,000. US Bancorp DE grew its position in shares of Revolve Group by 1.8% during the first quarter. US Bancorp DE now owns 39,255 shares of the company’s stock worth $831,000 after acquiring an additional 677 shares during the last quarter. Westfield Capital Management Co. LP purchased a new position in shares of Revolve Group during the first quarter worth approximately $33,735,000. Finally, Seven Eight Capital LP purchased a new position in shares of Revolve Group during the first quarter worth approximately $438,000. Institutional investors and hedge funds 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.