Revolve Group (NYSE:RVLV) Shares Gap Up – Time to Buy?

Revolve Group, Inc. (NYSE:RVLV)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $31.21, but opened at $32.59. Revolve Group shares last traded at $32.23, with a volume of 194,193 shares changing hands.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. KeyCorp upgraded shares of Revolve Group from a “sector weight” rating to an “overweight” rating and set a $37.00 price objective for the company in a research note on Thursday. Stifel Nicolaus boosted their price target on shares of Revolve Group from $35.00 to $41.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Robert W. Baird increased their target price on Revolve Group from $24.00 to $33.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Roth Mkm reissued a “buy” rating and issued a $35.00 price target (up previously from $29.00) on shares of Revolve Group in a report on Wednesday, November 6th. Finally, TD Cowen raised their price target on shares of Revolve Group from $28.00 to $34.00 and gave the company a “buy” rating in a 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $29.60.

Revolve Group Trading Up 4.6 %

The stock’s 50-day moving average price is $33.85 and its 200-day moving average price is $26.92. The company has a market cap of $2.31 billion, a P/E ratio of 58.29, a PEG ratio of 1.57 and a beta of 2.18.

Revolve Group (NYSE:RVLV) last released its earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share for the quarter, beating 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 firm had revenue of $283.15 million for the quarter, compared to analysts’ expectations of $271.08 million. During the same period in the previous year, the company earned $0.04 earnings per share. The company’s quarterly revenue was up 9.9% on a year-over-year basis. On average, research analysts anticipate that Revolve Group, Inc. will post 0.6 earnings per share for the current fiscal year.

Insider Buying and Selling

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its stake in shares of Revolve Group by 22.1% in the 2nd 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 last quarter. Marshall Wace LLP increased its stake in Revolve Group by 141.2% in the 2nd quarter. Marshall Wace LLP now owns 478,623 shares of the company’s stock valued at $7,615,000 after purchasing an additional 280,151 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Revolve Group by 83.4% during the third quarter. JPMorgan Chase & Co. now owns 349,670 shares of the company’s stock valued at $8,665,000 after acquiring an additional 158,960 shares during the last quarter. Millennium Management LLC grew its position in Revolve Group by 68.1% during the second quarter. Millennium Management LLC now owns 342,084 shares of the company’s stock valued at $5,443,000 after acquiring an additional 138,600 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Revolve Group by 0.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 315,213 shares of the company’s stock valued at $7,811,000 after buying an additional 2,963 shares during the period. 67.60% of the stock is currently owned by hedge funds and other institutional investors.

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.