Revolve Group (NYSE:RVLV) Announces Quarterly Earnings Results

Revolve Group (NYSE:RVLV) posted its quarterly earnings data on Tuesday. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.10 by $0.05, Briefing.com reports. 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 analyst estimates of $271.08 million. During the same period in the previous year, the business earned $0.04 EPS. Revolve Group’s quarterly revenue was up 9.9% on a year-over-year basis.

Revolve Group Trading Down 1.0 %

Revolve Group stock opened at $32.94 on Friday. The firm has a market capitalization of $2.33 billion, a P/E ratio of 73.20, a P/E/G ratio of 2.43 and a beta of 2.05. The stock’s fifty day simple moving average is $24.87 and its 200-day simple moving average is $21.18. Revolve Group has a twelve month low of $12.63 and a twelve month high of $33.82.

Insider Activity at Revolve Group

In related news, CEO Michael Mente sold 200,000 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $31.43, for a total value of $6,286,000.00. Following the transaction, the chief executive officer now owns 73,000 shares of the company’s stock, valued at $2,294,390. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, major shareholder Mmmk Development, Inc. sold 6,493 shares of the stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $25.92, for a total value of $168,298.56. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Michael Mente sold 200,000 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $31.43, for a total value of $6,286,000.00. Following the completion of the transaction, the chief executive officer now directly owns 73,000 shares in the company, valued at $2,294,390. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 344,946 shares of company stock valued at $10,075,314 over the last quarter. 46.56% of the stock is owned by insiders.

Wall Street Analyst Weigh In

RVLV has been the subject of several research reports. TD Cowen boosted their price objective on Revolve Group from $28.00 to $34.00 and gave the stock a “buy” rating in a research note on Wednesday. BTIG Research boosted their price objective on Revolve Group from $30.00 to $35.00 and gave the stock a “buy” rating in a research note on Wednesday. Morgan Stanley restated an “equal weight” rating and set a $26.00 target price (up from $17.00) on shares of Revolve Group in a report on Monday, October 21st. Robert W. Baird boosted their target price on Revolve Group from $24.00 to $33.00 and gave the stock a “neutral” rating in a report on Wednesday. Finally, Wedbush restated a “neutral” rating and set a $19.00 target price on shares of Revolve Group in a report on Wednesday, August 7th. One analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $26.19.

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.