Revolve Group’s (RVLV) “Buy” Rating Reiterated at Roth Mkm

Roth Mkm restated their buy rating on shares of Revolve Group (NYSE:RVLV) in a research note released on Wednesday morning,Benzinga reports. They currently have a $35.00 target price on the stock, up from their prior target price of $29.00.

Several other equities analysts have also recently weighed in on RVLV. Robert W. Baird increased their price objective on shares of Revolve Group from $24.00 to $33.00 and gave the stock a “neutral” rating in a research note on Wednesday. UBS Group boosted their price objective on shares of Revolve Group from $21.00 to $25.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Wedbush reaffirmed a “neutral” rating and issued a $19.00 target price on shares of Revolve Group in a report on Wednesday, August 7th. Barclays upgraded Revolve Group from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $17.00 to $25.00 in a research report on Wednesday. Finally, TD Cowen boosted 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. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $26.19.

Revolve Group Trading Down 4.5 %

Shares of RVLV stock opened at $31.47 on Wednesday. Revolve Group has a 12-month low of $12.63 and a 12-month high of $33.82. The stock has a market capitalization of $2.22 billion, a P/E ratio of 56.20, a P/E/G ratio of 2.97 and a beta of 2.05. The firm’s 50 day moving average is $25.04 and its 200 day moving average is $21.27.

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

Insider Buying and Selling at Revolve Group

In other news, 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 value of $168,298.56. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Revolve Group news, CEO Michael Mente sold 36,114 shares of Revolve Group stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $25.95, for a total value of $937,158.30. Following the completion of the transaction, the chief executive officer now directly owns 73,000 shares of the company’s stock, valued at $1,894,350. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Mmmk Development, Inc. sold 6,493 shares of the company’s stock in a transaction dated Thursday, September 19th. The shares were 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 436,571 shares of company stock valued at $12,890,034 in the last 90 days. Insiders own 46.56% of the company’s stock.

Institutional Investors Weigh In On Revolve Group

Several large investors have recently added to or reduced their stakes in RVLV. Farther Finance Advisors LLC lifted its stake in shares of Revolve Group by 249.7% in 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. lifted 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 worth $65,000 after buying an additional 1,940 shares during the last quarter. Quarry LP bought a new stake in Revolve Group in the second quarter worth $68,000. American Century Companies Inc. bought a new position in Revolve Group during the second quarter valued at $165,000. Finally, nVerses Capital LLC bought a new position in Revolve Group during the third quarter valued at $171,000. 67.60% of the stock is 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.