Revolve Group (NYSE:RVLV) – DA Davidson issued their FY2019 earnings per share estimates for Revolve Group in a research report issued on Wednesday, December 11th. DA Davidson analyst J. Morris forecasts that the company will post earnings per share of $0.56 for the year. DA Davidson has a “Neutral” rating and a $19.00 price objective on the stock. DA Davidson also issued estimates for Revolve Group’s Q4 2019 earnings at $0.11 EPS and FY2020 earnings at $0.65 EPS.
Several other brokerages have also commented on RVLV. Guggenheim reiterated a “buy” rating and set a $50.00 price objective on shares of Revolve Group in a research report on Monday, November 4th. Raymond James dropped their target price on Revolve Group from $40.00 to $30.00 and set an “outperform” rating for the company in a report on Friday, November 8th. They noted that the move was a valuation call. Cowen restated a “buy” rating and set a $34.00 target price on shares of Revolve Group in a report on Monday. Zacks Investment Research upgraded Revolve Group from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a report on Thursday, November 7th. Finally, Morgan Stanley began coverage on Revolve Group in a report on Thursday, December 5th. They set a “buy” rating for the company. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Revolve Group has a consensus rating of “Buy” and a consensus target price of $34.36.
Shares of Revolve Group stock opened at $17.14 on Friday. The firm’s 50-day moving average price is $17.72. Revolve Group has a 12 month low of $14.35 and a 12 month high of $48.36.
Revolve Group (NYSE:RVLV) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.12 by $0.01. The firm had revenue of $154.20 million for the quarter, compared to the consensus estimate of $153.13 million. Revolve Group’s revenue for the quarter was up 22.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.10 earnings per share.
In other Revolve Group news, COO David Pujades sold 25,823 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $18.00, for a total value of $464,814.00. Following the completion of the sale, the chief operating officer now owns 25,823 shares in the company, valued at approximately $464,814. The transaction was disclosed in a document filed with the SEC, which is available at this link.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Gilder Gagnon Howe & Co. LLC lifted its holdings in Revolve Group by 105.1% in the 3rd quarter. Gilder Gagnon Howe & Co. LLC now owns 41,498 shares of the company’s stock worth $970,000 after buying an additional 21,269 shares during the period. Sandler Capital Management purchased a new stake in Revolve Group in the 3rd quarter worth approximately $4,276,000. Squarepoint Ops LLC purchased a new stake in Revolve Group in the 3rd quarter worth approximately $378,000. Tower Research Capital LLC TRC lifted its holdings in Revolve Group by 2,354.9% in the 3rd quarter. Tower Research Capital LLC TRC now owns 8,273 shares of the company’s stock worth $193,000 after buying an additional 7,936 shares during the period. Finally, Carillon Tower Advisers Inc. lifted its holdings in Revolve Group by 71.6% in the 3rd quarter. Carillon Tower Advisers Inc. now owns 1,368,517 shares of the company’s stock worth $31,982,000 after buying an additional 570,798 shares during the period. Institutional investors and hedge funds own 25.54% of the company’s stock.
About Revolve Group
Revolve Group, Inc operates as an online fashion retailer for consumers in the United States and internationally. The company operates a platform that connects consumers and global fashion influencers, as well as emerging, established, and owned brands. It provides women's apparel, footwear, accessories, and beauty styles under a range of established and emerging brands, as well as owned brands.
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