BTIG Research Forecasts Strong Price Appreciation for Revolve Group (NYSE:RVLV) Stock

Revolve Group (NYSE:RVLV) had its price target lifted by equities research analysts at BTIG Research from $30.00 to $35.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the stock. BTIG Research’s target price points to a potential upside of 9.20% from the company’s previous close.

A number of other equities research analysts have also recently commented on the company. TD Cowen raised their price objective on Revolve Group from $28.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday. Wedbush restated a “neutral” rating and issued a $19.00 target price on shares of Revolve Group in a report on Wednesday, August 7th. Roth Mkm raised their target price on Revolve Group from $26.00 to $29.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Robert W. Baird raised their target price on Revolve Group from $24.00 to $33.00 and gave the company a “neutral” rating in a report on Wednesday. Finally, Morgan Stanley restated an “equal weight” rating and issued a $26.00 target price (up previously from $17.00) on shares of Revolve Group in a report on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $25.88.

Revolve Group Stock Up 23.2 %

Revolve Group stock traded up $6.03 during trading hours on Wednesday, hitting $32.05. The stock had a trading volume of 2,129,740 shares, compared to its average volume of 1,001,509. The stock has a market cap of $2.26 billion, a price-to-earnings ratio of 70.24, a P/E/G ratio of 2.43 and a beta of 2.05. Revolve Group has a one year low of $12.63 and a one year high of $32.70. The business’s 50 day simple moving average is $24.47 and its 200-day simple moving average is $21.01.

Revolve Group (NYSE:RVLV) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.06. Revolve Group had a return on equity of 8.35% and a net margin of 3.08%. The company had revenue of $283.15 million during the quarter, compared to analysts’ expectations of $271.08 million. During the same quarter in the prior year, the firm posted $0.04 earnings per share. The business’s quarterly revenue was up 9.9% on a year-over-year basis. Research analysts anticipate that Revolve Group will post 0.56 EPS for the current fiscal year.

Insider Transactions at Revolve Group

In other news, CEO Michael Mente sold 48,346 shares of Revolve Group stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $26.32, for a total value of $1,272,466.72. Following the completion of the transaction, the chief executive officer now owns 73,000 shares in the company, valued at $1,921,360. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Michael Mente sold 48,346 shares of Revolve Group stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $26.32, for a total value of $1,272,466.72. Following the completion of the transaction, the chief executive officer now owns 73,000 shares in the company, valued at $1,921,360. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Mmmk Development, Inc. sold 6,493 shares of Revolve Group stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $25.92, for a total transaction of $168,298.56. The disclosure for this sale can be found here. Insiders sold 124,573 shares of company stock worth $3,260,634 over the last quarter. Corporate insiders own 46.56% of the company’s stock.

Hedge Funds Weigh In On Revolve Group

A number of large investors have recently modified their holdings of the company. Lisanti Capital Growth LLC bought a new position in shares of Revolve Group in the third quarter valued at approximately $2,276,000. Los Angeles Capital Management LLC boosted its position in shares of Revolve Group by 17.5% in the third quarter. Los Angeles Capital Management LLC now owns 33,701 shares of the company’s stock valued at $835,000 after acquiring an additional 5,011 shares during the period. BloombergSen Inc. boosted its position in shares of Revolve Group by 39.1% in the third quarter. BloombergSen Inc. now owns 35,239 shares of the company’s stock valued at $873,000 after acquiring an additional 9,904 shares during the period. Harbor Capital Advisors Inc. boosted its position in shares of Revolve Group by 46.1% in the third quarter. Harbor Capital Advisors Inc. now owns 107,148 shares of the company’s stock valued at $2,655,000 after acquiring an additional 33,812 shares during the period. Finally, Farther Finance Advisors LLC boosted its position 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 valued at $28,000 after acquiring an additional 804 shares during the period. 67.60% of the stock is currently owned by institutional investors.

About Revolve Group

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.