Revolve Group (NYSE:RVLV) Trading 4.1% Higher – Still a Buy?

Revolve Group, Inc. (NYSE:RVLV)’s stock price was up 4.1% on Tuesday . The company traded as high as $37.70 and last traded at $37.68. Approximately 175,106 shares traded hands during mid-day trading, a decline of 83% from the average daily volume of 1,015,475 shares. The stock had previously closed at $36.19.

Analyst Ratings Changes

RVLV has been the topic of several recent research reports. UBS Group increased their target price on shares of Revolve Group from $25.00 to $30.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Evercore ISI lifted their price target on Revolve Group from $21.00 to $33.00 and gave the stock an “in-line” rating in a research note on Wednesday, November 6th. Barclays upgraded shares of Revolve Group from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $17.00 to $25.00 in a report on Wednesday, November 6th. Piper Sandler upped their price target on shares of Revolve Group from $30.00 to $35.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. Finally, BTIG Research boosted their price objective on shares of Revolve Group from $30.00 to $35.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Revolve Group has a consensus rating of “Hold” and an average target price of $26.19.

Revolve Group Price Performance

The stock has a market cap of $2.52 billion, a PE ratio of 64.63, a PEG ratio of 2.35 and a beta of 2.18. The company has a 50 day moving average price of $29.85 and a two-hundred day moving average price of $23.42.

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

Insiders Place Their Bets

In other news, CEO Michael Mente sold 98,429 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $34.87, for a total transaction of $3,432,219.23. Following the completion of the sale, the chief executive officer now owns 123,000 shares of the company’s stock, valued at $4,289,010. This represents a 44.45 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Jesse Timmermans sold 91,625 shares of the firm’s 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 completion of the transaction, the chief financial officer now directly owns 3,054 shares in the company, valued at approximately $93,818.88. The trade was a 96.77 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 770,512 shares of company stock valued at $24,534,363. Company insiders own 46.56% of the company’s stock.

Institutional Investors Weigh In On Revolve Group

Several hedge funds and other institutional investors have recently modified their holdings of RVLV. Marshall Wace LLP raised its holdings in Revolve Group by 141.2% during the second quarter. Marshall Wace LLP now owns 478,623 shares of the company’s stock valued at $7,615,000 after acquiring an additional 280,151 shares during the period. Polar Asset Management Partners Inc. bought a new stake in Revolve Group during the 3rd quarter valued at approximately $3,982,000. Millennium Management LLC boosted its stake in Revolve Group by 68.1% in the 2nd quarter. Millennium Management LLC now owns 342,084 shares of the company’s stock worth $5,443,000 after purchasing an additional 138,600 shares during the period. Dimensional Fund Advisors LP grew its holdings in Revolve Group by 22.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 683,101 shares of the company’s stock valued at $10,867,000 after buying an additional 123,745 shares in the last quarter. Finally, Lisanti Capital Growth LLC purchased a new position in Revolve Group during the third quarter valued at $2,276,000. 67.60% of the stock is currently owned by hedge funds and other 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.