Piper Sandler Issues Positive Forecast for Revolve Group (NYSE:RVLV) Stock Price

Revolve Group (NYSE:RVLV) had its price objective boosted by Piper Sandler from $30.00 to $35.00 in a report published on Wednesday morning,Benzinga reports. The firm currently has an overweight rating on the stock.

A number of other research analysts have also recently commented on the company. Robert W. Baird boosted their price target on Revolve Group from $24.00 to $33.00 and gave the stock a “neutral” rating in a report on Wednesday. UBS Group upped their target price on shares of Revolve Group from $21.00 to $25.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. TD Cowen lifted their price target on shares of Revolve Group from $25.00 to $28.00 and gave the company a “buy” rating in a report on Monday, August 26th. Evercore ISI boosted their price target on shares of Revolve Group from $20.00 to $21.00 and gave the stock an “in-line” rating in a research note on Wednesday, August 7th. Finally, Morgan Stanley restated an “equal weight” rating and set a $26.00 price objective (up previously from $17.00) on shares of Revolve Group in a research report on Monday, October 21st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $26.19.

Revolve Group Price Performance

Shares of RVLV stock opened at $31.47 on Wednesday. Revolve Group has a one year low of $12.63 and a one year high of $33.82. The company’s fifty day moving average price is $25.04 and its 200-day moving average price is $21.27. The company has a market capitalization of $2.22 billion, a price-to-earnings ratio of 56.20, a PEG ratio of 2.97 and a beta of 2.05.

Revolve Group (NYSE:RVLV) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.05. The business had revenue of $283.15 million for the quarter, compared to analysts’ expectations of $271.08 million. Revolve Group had a return on equity of 10.17% and a net margin of 3.72%. The business’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period last year, the firm earned $0.04 earnings per share. Equities research analysts expect that Revolve Group will post 0.6 earnings per share for the current fiscal year.

Insider Activity

In other Revolve Group news, CEO Michael Mente sold 200,000 shares of Revolve Group stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $31.43, for a total transaction of $6,286,000.00. Following the completion of 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 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, major shareholder Mmmk Development, Inc. sold 6,493 shares of the stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $25.92, for a total value of $168,298.56. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Michael Mente sold 200,000 shares of the business’s 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 transaction, the chief executive officer now owns 73,000 shares of the company’s stock, valued at approximately $2,294,390. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 436,571 shares of company stock valued at $12,890,034. 46.56% of the stock is currently owned by insiders.

Institutional Trading of Revolve Group

Institutional investors and hedge funds have recently made changes to their positions in the business. Norden Group LLC lifted its holdings in Revolve Group by 38.3% during the 1st quarter. Norden Group LLC now owns 21,425 shares of the company’s stock valued at $454,000 after buying an additional 5,929 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in shares of Revolve Group during the first quarter valued at approximately $1,432,000. US Bancorp DE boosted its holdings in shares of Revolve Group by 1.8% in the first quarter. US Bancorp DE now owns 39,255 shares of the company’s stock valued at $831,000 after purchasing an additional 677 shares during the period. Westfield Capital Management Co. LP bought a new position in Revolve Group in the first quarter worth approximately $33,735,000. Finally, Seven Eight Capital LP purchased a new position in Revolve Group during the 1st quarter worth $438,000. 67.60% of the stock is currently owned by institutional investors.

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.