Revolve Group (NYSE:RVLV) Trading 9.9% Higher – Here’s Why

Revolve Group, Inc. (NYSE:RVLV)’s stock price rose 9.9% during mid-day trading on Monday . The stock traded as high as $38.47 and last traded at $38.47. Approximately 1,326,861 shares changed hands during trading, an increase of 31% from the average daily volume of 1,009,581 shares. The stock had previously closed at $35.02.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. TD Cowen increased their price target on Revolve Group from $28.00 to $34.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. UBS Group increased their target price on Revolve Group from $25.00 to $30.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. Evercore ISI lifted their target price on Revolve Group from $21.00 to $33.00 and gave the stock an “in-line” rating in a research report on Wednesday, November 6th. 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 report on Monday, October 21st. Finally, Robert W. Baird lifted their price objective on shares of Revolve Group from $24.00 to $33.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $26.19.

Revolve Group Trading Down 4.8 %

The firm has a 50-day simple moving average of $27.87 and a 200-day simple moving average of $22.47. The firm has a market cap of $2.61 billion, a P/E ratio of 67.16, a PEG ratio of 2.40 and a beta of 2.05.

Revolve Group (NYSE:RVLV) last posted its earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.05. The company 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%. The firm’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.04 earnings per share. Research analysts predict that Revolve Group, Inc. will post 0.6 earnings per share for the current fiscal year.

Insider Transactions at Revolve Group

In other Revolve Group news, major shareholder Mmmk Development, Inc. sold 33,164 shares of the stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $26.26, for a total value of $870,886.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael Mente sold 36,114 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 73,000 shares of the company’s stock, valued at approximately $1,894,350. This represents a 33.10 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 581,817 shares of company stock valued at $17,870,621 in the last 90 days. Insiders own 46.56% of the company’s stock.

Institutional Trading of Revolve Group

Institutional investors have recently bought and sold shares of the stock. Franklin Resources Inc. increased its stake in Revolve Group by 6.9% during the 3rd 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 in the last quarter. Barclays PLC raised its stake in Revolve Group by 156.7% in the 3rd quarter. Barclays PLC now owns 85,613 shares of the company’s stock worth $2,122,000 after acquiring an additional 52,257 shares during the last quarter. Polar Asset Management Partners Inc. purchased a new position in Revolve Group in the 3rd quarter worth $3,982,000. HighTower Advisors LLC acquired a new stake in Revolve Group during the 3rd quarter worth about $250,000. Finally, Centiva Capital LP grew its stake in Revolve Group by 238.3% during the 3rd quarter. Centiva Capital LP now owns 56,133 shares of the company’s stock valued at $1,391,000 after purchasing an additional 39,538 shares during the last quarter. 67.60% of the stock is currently owned by institutional investors and hedge funds.

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.