Revolve Group (NYSE:RVLV) Stock Price Expected to Rise, Evercore ISI Analyst Says

Revolve Group (NYSE:RVLV) had its price objective boosted by Evercore ISI from $21.00 to $33.00 in a research note issued to investors on Wednesday,Benzinga reports. Evercore ISI currently has an in-line rating on the stock.

Other equities analysts have also recently issued reports about the stock. BTIG Research raised their target price on shares of Revolve Group from $24.00 to $26.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Wedbush reissued a “neutral” rating and issued a $19.00 price objective on shares of Revolve Group in a research report on Wednesday, August 7th. TD Cowen upped their target price on shares of Revolve Group from $28.00 to $34.00 and gave the company a “buy” rating in a report on Wednesday. Robert W. Baird raised their target price on shares of Revolve Group from $24.00 to $33.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, Morgan Stanley reissued an “equal weight” rating and set a $26.00 price target (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 company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $26.19.

Revolve Group Price Performance

Revolve Group stock opened at $31.47 on Wednesday. The company has a market cap of $2.22 billion, a price-to-earnings ratio of 56.20, a P/E/G ratio of 2.97 and a beta of 2.05. The firm has a 50-day moving average of $25.04 and a 200-day moving average of $21.27. Revolve Group has a one year low of $12.63 and a one year high of $33.82.

Revolve Group (NYSE:RVLV) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.10 by $0.05. The firm had revenue of $283.15 million during 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% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.04 earnings per share. As a group, sell-side analysts expect that Revolve Group will post 0.6 earnings per share for the current year.

Insider Transactions at Revolve Group

In related news, CFO Jesse Timmermans sold 91,625 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at $93,818.88. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CEO Michael Mente sold 200,000 shares of Revolve Group stock in a transaction that occurred 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 directly owns 73,000 shares of the company’s stock, valued at $2,294,390. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Jesse Timmermans sold 91,625 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $30.72, for a total value of $2,814,720.00. Following the sale, the chief financial officer now owns 3,054 shares of the company’s stock, 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 90 days, insiders sold 436,571 shares of company stock valued at $12,890,034. 46.56% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Revolve Group

Several hedge funds and other institutional investors have recently modified their holdings of RVLV. Farther Finance Advisors LLC grew its holdings in shares of Revolve Group by 249.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,126 shares of the company’s stock valued at $28,000 after purchasing an additional 804 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its position in Revolve Group by 91.1% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,069 shares of the company’s stock valued at $65,000 after buying an additional 1,940 shares in the last quarter. Quarry LP bought a new stake in shares of Revolve Group during the second quarter worth $68,000. nVerses Capital LLC acquired a new position in shares of Revolve Group during the third quarter worth $171,000. Finally, LMR Partners LLP bought a new position in shares of Revolve Group in the 3rd quarter valued at $228,000. Institutional investors own 67.60% of the company’s stock.

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.