Revolve Group (NYSE:RVLV) Stock Price Down 7% – Here’s Why

Revolve Group, Inc. (NYSE:RVLV) traded down 7% during trading 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.

Analysts Set New Price Targets

RVLV has been the subject of several research analyst reports. Evercore ISI lifted their price objective on Revolve Group from $21.00 to $33.00 and gave the company an “in-line” rating in a research report on Wednesday, November 6th. Roth Mkm reissued a “buy” rating and set a $35.00 price target (up from $29.00) on shares of Revolve Group in a research note on Wednesday, November 6th. UBS Group upped their price objective on Revolve Group from $25.00 to $30.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Barclays upgraded Revolve Group from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $17.00 to $25.00 in a research report on Wednesday, November 6th. Finally, Piper Sandler boosted their price objective on Revolve Group from $30.00 to $35.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, Revolve Group has a consensus rating of “Hold” and an average price target of $27.93.

Revolve Group Stock Performance

The stock has a market cap of $2.21 billion, a P/E ratio of 55.75, a P/E/G ratio of 2.34 and a beta of 2.18. The stock’s fifty day simple moving average is $33.55 and its 200-day simple moving average is $25.67.

Revolve Group (NYSE:RVLV) last issued 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 business had revenue of $283.15 million for the quarter, compared to analyst estimates of $271.08 million. Revolve Group had a return on equity of 10.17% and a net margin of 3.72%. Revolve Group’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.04 EPS. As a group, equities research analysts forecast that Revolve Group, Inc. will post 0.6 earnings per share for the current year.

Insider Buying and Selling at Revolve Group

In other news, CEO Michael Mente sold 20,373 shares of the company’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $25.95, for a total value of $528,679.35. Following the transaction, the chief executive officer now owns 73,000 shares of the company’s stock, valued at approximately $1,894,350. This represents a 21.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Jesse Timmermans sold 91,625 shares of the stock in a transaction dated 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 owns 3,054 shares in the company, valued at $93,818.88. This trade represents a 96.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 902,839 shares of company stock valued at $29,112,870. Company insiders own 46.56% of the company’s stock.

Institutional Inflows and Outflows

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