Brokerages Set Revolve Group, Inc. (NYSE:RVLV) Price Target at $29.07

Shares of Revolve Group, Inc. (NYSE:RVLV) have been given an average recommendation of “Moderate Buy” by the fourteen ratings firms that are covering the firm, MarketBeat reports. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $29.07.

Several equities research analysts have recently commented on RVLV shares. Stifel Nicolaus boosted their price objective on Revolve Group from $35.00 to $41.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Robert W. Baird upped their price objective on shares of Revolve Group from $24.00 to $33.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. TD Cowen boosted their target price on shares of Revolve Group from $28.00 to $34.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Roth Mkm restated a “buy” rating and issued a $35.00 target price (up previously from $29.00) on shares of Revolve Group in a report on Wednesday, November 6th. Finally, UBS Group lifted their price target on Revolve Group from $25.00 to $30.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th.

Insider Transactions at Revolve Group

In other Revolve Group news, CEO Michael Mente sold 69,605 shares of the business’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $29.77, for a total value of $2,072,140.85. Following the transaction, the chief executive officer now directly owns 73,000 shares in the company, valued at $2,173,210. The trade was a 48.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Jesse Timmermans sold 91,625 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $30.72, for a total transaction of $2,814,720.00. Following the transaction, the chief financial officer now directly owns 3,054 shares of the company’s stock, valued at $93,818.88. This represents a 96.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 900,807 shares of company stock worth $29,507,102 in the last ninety days. Company insiders own 46.56% of the company’s stock.

Institutional Trading of Revolve Group

Several hedge funds have recently made changes to their positions in the company. American Century Companies Inc. purchased a new stake in Revolve Group in the 2nd quarter worth about $165,000. Federated Hermes Inc. increased its stake in shares of Revolve Group by 7.1% in the second quarter. Federated Hermes Inc. now owns 78,934 shares of the company’s stock worth $1,256,000 after purchasing an additional 5,251 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Revolve Group by 22.1% in the second quarter. Dimensional Fund Advisors LP now owns 683,101 shares of the company’s stock valued at $10,867,000 after purchasing an additional 123,745 shares during the period. Hsbc Holdings PLC purchased a new stake in shares of Revolve Group during the 2nd quarter valued at approximately $260,000. Finally, XTX Topco Ltd boosted its holdings in Revolve Group by 148.4% in the 2nd quarter. XTX Topco Ltd now owns 39,586 shares of the company’s stock worth $630,000 after buying an additional 23,652 shares during the period. 67.60% of the stock is currently owned by institutional investors.

Revolve Group Stock Up 0.9 %

Shares of NYSE RVLV opened at $31.28 on Thursday. The firm has a market cap of $2.21 billion, a PE ratio of 55.86, a P/E/G ratio of 1.57 and a beta of 2.18. The company’s fifty day simple moving average is $33.85 and its 200 day simple moving average is $26.92. Revolve Group has a 12-month low of $14.04 and a 12-month high of $39.58.

Revolve Group (NYSE:RVLV) last released its quarterly earnings data 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 net margin of 3.72% and a return on equity of 10.17%. The company had revenue of $283.15 million for the quarter, compared to analysts’ expectations of $271.08 million. During the same quarter in the prior year, the firm earned $0.04 EPS. The business’s revenue was up 9.9% on a year-over-year basis. On average, equities analysts predict that Revolve Group will post 0.6 earnings per share for the current year.

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.