Revolve Group (NYSE:RVLV) Reaches New 12-Month High – Here’s Why

by · The Cerbat Gem

Revolve Group, Inc. (NYSE:RVLV – Get Free Report)’s share price hit a new 52-week high on Tuesday . The company traded as high as $34.48 and last traded at $34.45, with a volume of 48061 shares. The stock had previously closed at $33.57.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Evercore ISI increased their price target on Revolve Group from $21.00 to $33.00 and gave the stock an “in-line” rating in a research report on Wednesday, November 6th. Wedbush restated a “neutral” rating and set a $19.00 target price on shares of Revolve Group in a report on Wednesday, August 7th. Barclays raised Revolve Group from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $17.00 to $25.00 in a research report on Wednesday, November 6th. Roth Mkm restated a “buy” rating and issued a $35.00 price target (up from $29.00) on shares of Revolve Group in a research report on Wednesday, November 6th. Finally, TD Cowen increased their price target on shares of Revolve Group from $28.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $26.19.

Check Out Our Latest Stock Report on Revolve Group

Revolve Group Stock Performance

The company has a market capitalization of $2.43 billion, a P/E ratio of 59.95, a PEG ratio of 1.99 and a beta of 2.05. The stock has a fifty day moving average of $25.25 and a 200 day moving average of $21.38.

Revolve Group (NYSE:RVLV – Get Free Report) last released its quarterly earnings results on Tuesday, November 5th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.10 by $0.05. Revolve Group had a return on equity of 10.17% and a net margin of 3.72%. The company had revenue of $283.15 million during the quarter, compared to analyst estimates of $271.08 million. During the same quarter last year, the business posted $0.04 earnings per share. The firm’s revenue was up 9.9% on a year-over-year basis. Research analysts anticipate that Revolve Group, Inc. will post 0.6 EPS for the current fiscal year.

Insider Activity

In other news, CEO Michael Mente sold 36,114 shares of Revolve Group stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $25.95, for a total value of $937,158.30. Following the sale, the chief executive officer now owns 73,000 shares in the company, valued at $1,894,350. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Revolve Group news, CEO Michael Mente sold 36,114 shares of the company’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $25.95, for a total transaction of $937,158.30. Following the sale, the chief executive officer now owns 73,000 shares in the company, valued at $1,894,350. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Jesse Timmermans sold 91,625 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $30.72, for a total transaction of $2,814,720.00. Following the sale, the chief financial officer now owns 3,054 shares in the company, valued at $93,818.88. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 436,571 shares of company stock valued at $12,890,034. Company insiders own 46.56% of the company’s stock.

Institutional Trading of Revolve Group

Large investors have recently modified their holdings of the company. Precision Wealth Strategies LLC increased its stake in shares of Revolve Group by 3.3% in the third quarter. Precision Wealth Strategies LLC now owns 12,741 shares of the company’s stock valued at $316,000 after purchasing an additional 407 shares during the period. US Bancorp DE boosted its position in Revolve Group by 1.8% during the 1st quarter. US Bancorp DE now owns 39,255 shares of the company’s stock worth $831,000 after acquiring an additional 677 shares during the period. Farther Finance Advisors LLC grew its stake in shares of Revolve Group by 249.7% in the third quarter. Farther Finance Advisors LLC now owns 1,126 shares of the company’s stock worth $28,000 after purchasing an additional 804 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Revolve Group by 4.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 26,498 shares of the company’s stock valued at $561,000 after purchasing an additional 1,227 shares during the period. Finally, Versor Investments LP raised its stake in shares of Revolve Group by 9.0% during the second quarter. Versor Investments LP now owns 16,953 shares of the company’s stock valued at $270,000 after purchasing an additional 1,405 shares in the last quarter. Institutional investors and hedge funds own 67.60% of the company’s stock.

Revolve Group Company Profile

(Get Free Report)

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.

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