Revolve Group (NYSE:RVLV) Stock Price Up 9.9% – What’s Next?

Revolve Group, Inc. (NYSE:RVLV) shares were up 9.9% during mid-day trading on Monday . The company traded as high as $38.47 and last traded at $38.47. Approximately 1,326,861 shares were traded 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

RVLV has been the subject of several research reports. BTIG Research lifted their price objective on shares of Revolve Group from $30.00 to $35.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Barclays upgraded shares of Revolve Group from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $17.00 to $25.00 in a research report on Wednesday, November 6th. Piper Sandler lifted their price objective on Revolve Group from $30.00 to $35.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. Evercore ISI boosted their price objective on Revolve Group from $21.00 to $33.00 and gave the company an “in-line” rating in a report on Wednesday, November 6th. Finally, Wedbush reiterated a “neutral” rating and set a $19.00 price target on shares of Revolve Group in a research report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $26.19.

Revolve Group Stock Performance

The stock has a market cap of $2.61 billion, a price-to-earnings ratio of 67.16, a PEG ratio of 2.40 and a beta of 2.05. The business’s 50 day moving average is $27.87 and its 200-day moving average is $22.47.

Revolve Group (NYSE:RVLV) last announced 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. Revolve Group had a net margin of 3.72% and a return on equity of 10.17%. The business had revenue of $283.15 million for the quarter, compared to analyst estimates of $271.08 million. During the same quarter last year, the business earned $0.04 earnings per share. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. Sell-side analysts anticipate that Revolve Group, Inc. will post 0.6 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, major shareholder Mmmk Development, Inc. sold 6,493 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $25.92, for a total value of $168,298.56. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Michael Mente sold 200,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $31.43, for a total transaction of $6,286,000.00. Following the transaction, the chief executive officer now directly owns 73,000 shares of the company’s stock, valued at $2,294,390. The trade was a 73.26 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 581,817 shares of company stock worth $17,870,621. Corporate insiders own 46.56% of the company’s stock.

Institutional Trading of Revolve Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RVLV. Price T Rowe Associates Inc. MD grew its stake in shares of Revolve Group by 4.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 26,498 shares of the company’s stock valued at $561,000 after buying an additional 1,227 shares in the last quarter. Comerica Bank increased its stake in Revolve Group by 12,630.9% during the first quarter. Comerica Bank now owns 179,888 shares of the company’s stock worth $3,808,000 after purchasing an additional 178,475 shares during the period. Harbor Capital Advisors Inc. lifted its position in shares of Revolve Group by 410.8% during the second quarter. Harbor Capital Advisors Inc. now owns 73,336 shares of the company’s stock worth $1,167,000 after purchasing an additional 58,979 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Revolve Group by 8.0% in the second quarter. Bank of New York Mellon Corp now owns 163,495 shares of the company’s stock valued at $2,601,000 after purchasing an additional 12,094 shares during the period. Finally, BloombergSen Inc. grew its holdings in shares of Revolve Group by 21.6% in the second quarter. BloombergSen Inc. now owns 25,335 shares of the company’s stock valued at $403,000 after purchasing an additional 4,500 shares in the last quarter. Hedge funds and other institutional investors own 67.60% of the company’s stock.

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.