Revolve Group, Inc. (NYSE:RVLV) – Analysts at KeyCorp increased their Q2 2021 earnings estimates for shares of Revolve Group in a research report issued to clients and investors on Monday, April 5th. KeyCorp analyst E. Yruma now anticipates that the company will earn $0.20 per share for the quarter, up from their previous forecast of $0.19. KeyCorp currently has a “Overweight” rating and a $58.00 target price on the stock. KeyCorp also issued estimates for Revolve Group’s Q3 2021 earnings at $0.22 EPS.
Revolve Group (NYSE:RVLV) last posted its quarterly earnings data on Wednesday, February 24th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.15. Revolve Group had a return on equity of 31.18% and a net margin of 7.87%. The company had revenue of $140.75 million during the quarter, compared to analysts’ expectations of $135.16 million.
RVLV has been the topic of a number of other reports. Roth Capital raised their target price on shares of Revolve Group from $45.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, March 18th. Guggenheim lifted their price objective on Revolve Group from $28.00 to $35.00 and gave the company a “buy” rating in a report on Wednesday, December 30th. Credit Suisse Group boosted their price target on shares of Revolve Group from $44.00 to $48.00 and gave the company an “outperform” rating in a report on Wednesday, March 3rd. Piper Sandler lifted their price objective on shares of Revolve Group from $45.00 to $53.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Revolve Group in a report on Monday, February 22nd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $40.41.
NYSE RVLV opened at $48.44 on Thursday. The stock has a market cap of $3.47 billion, a PE ratio of 74.52, a PEG ratio of 3.02 and a beta of 2.83. Revolve Group has a 12 month low of $8.77 and a 12 month high of $55.83. The company’s 50-day moving average price is $45.00 and its 200-day moving average price is $30.87.
Institutional investors have recently added to or reduced their stakes in the business. Point72 Asset Management L.P. increased its holdings in shares of Revolve Group by 357.6% during the 3rd quarter. Point72 Asset Management L.P. now owns 1,228,268 shares of the company’s stock valued at $20,180,000 after purchasing an additional 959,839 shares in the last quarter. William Blair Investment Management LLC increased its holdings in Revolve Group by 6.7% in the fourth quarter. William Blair Investment Management LLC now owns 1,168,310 shares of the company’s stock valued at $36,416,000 after buying an additional 73,236 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Revolve Group by 43.1% in the fourth quarter. Renaissance Technologies LLC now owns 1,044,300 shares of the company’s stock worth $32,551,000 after acquiring an additional 314,500 shares during the period. Palisade Capital Management LLC NJ boosted its stake in shares of Revolve Group by 77.4% during the 4th quarter. Palisade Capital Management LLC NJ now owns 924,433 shares of the company’s stock worth $28,815,000 after acquiring an additional 403,434 shares in the last quarter. Finally, Federated Hermes Inc. grew its position in shares of Revolve Group by 33.3% during the 4th quarter. Federated Hermes Inc. now owns 800,000 shares of the company’s stock valued at $24,936,000 after acquiring an additional 200,000 shares during the period. Institutional investors and hedge funds own 32.46% of the company’s stock.
In other Revolve Group news, COO David Pujades sold 7,675 shares of the stock in a transaction dated Thursday, January 14th. The stock was sold at an average price of $35.94, for a total transaction of $275,839.50. Following the sale, the chief operating officer now directly owns 7,675 shares of the company’s stock, valued at approximately $275,839.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael Mente sold 2,117,762 shares of the business’s stock in a transaction dated Friday, February 26th. The shares were sold at an average price of $38.60, for a total value of $81,745,613.20. Following the completion of the transaction, the chief executive officer now directly owns 73,000 shares of the company’s stock, valued at approximately $2,817,800. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,200,022 shares of company stock worth $84,805,269. 58.74% of the stock is owned by corporate insiders.
Revolve Group Company Profile
Revolve Group, Inc operates as an online fashion retailer for consumers in the United States and internationally. The company operates through two segments, REVOLVE and FORWARD. It operates a platform that connects consumers and global fashion influencers, as well as emerging, established, and owned brands.
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