Short Interest in Revolve Group, Inc. (NYSE:RVLV) Drops By 22.8%

Revolve Group, Inc. (NYSE:RVLV) saw a significant decrease in short interest during the month of January. As of January 15th, there was short interest totalling 6,480,000 shares, a decrease of 22.8% from the December 31st total of 8,390,000 shares. Based on an average trading volume of 1,030,000 shares, the days-to-cover ratio is presently 6.3 days.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Robert W. Baird lifted their price target on shares of Revolve Group from $24.00 to $33.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. BTIG Research lifted their target price on shares of Revolve Group from $30.00 to $35.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. KeyCorp raised shares of Revolve Group from a “sector weight” rating to an “overweight” rating and set a $37.00 target price for the company in a report on Thursday, January 23rd. Roth Mkm reissued a “buy” rating and set a $35.00 price target (up from $29.00) on shares of Revolve Group in a report on Wednesday, November 6th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $26.00 price objective (up previously from $17.00) on shares of Revolve Group in a research note on Monday, October 21st. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Revolve Group has an average rating of “Moderate Buy” and a consensus target price of $29.60.

Insider Activity at Revolve Group

In other news, CEO Michael Mente sold 200,000 shares of the company’s 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 completion of the sale, the chief executive officer now directly owns 73,000 shares in the company, valued at $2,294,390. This represents a 73.26 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Jesse Timmermans sold 91,625 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were 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 directly owns 3,054 shares of the company’s stock, valued at $93,818.88. This represents a 96.77 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,012,182 shares of company stock worth $32,922,045. 46.56% of the stock is owned by insiders.

Institutional Trading of Revolve Group

A number of hedge funds have recently bought and sold shares of RVLV. Farther Finance Advisors LLC lifted its position in Revolve Group by 249.7% during the third quarter. Farther Finance Advisors LLC now owns 1,126 shares of the company’s stock valued at $28,000 after acquiring an additional 804 shares during the last quarter. Venturi Wealth Management LLC lifted its holdings in shares of Revolve Group by 1,302.1% during the 4th quarter. Venturi Wealth Management LLC now owns 1,346 shares of the company’s stock valued at $45,000 after purchasing an additional 1,250 shares during the last quarter. Sugar Maple Asset Management LLC purchased a new stake in shares of Revolve Group during the 4th quarter valued at $50,000. Quarry LP acquired a new stake in shares of Revolve Group in the 2nd quarter worth $68,000. Finally, Dakota Wealth Management purchased a new position in Revolve Group during the 4th quarter worth $211,000. Hedge funds and other institutional investors own 67.60% of the company’s stock.

Revolve Group Price Performance

Shares of RVLV stock traded up $0.22 during mid-day trading on Friday, hitting $31.61. The stock had a trading volume of 764,745 shares, compared to its average volume of 1,003,345. Revolve Group has a 12-month low of $14.04 and a 12-month high of $39.58. The firm’s 50-day moving average is $33.50 and its two-hundred day moving average is $27.72. The firm has a market capitalization of $2.24 billion, a P/E ratio of 56.45, a price-to-earnings-growth ratio of 1.52 and a beta of 2.18.

Revolve Group (NYSE:RVLV) last released its quarterly earnings data on Tuesday, November 5th. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.05. The company had revenue of $283.15 million during the quarter, compared to analyst estimates of $271.08 million. Revolve Group had a net margin of 3.72% and a return on equity of 10.17%. During the same period in the prior year, the firm earned $0.04 earnings per share. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. Analysts expect that Revolve Group will post 0.6 EPS for the current year.

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.