UBS Group Boosts Revolve Group (NYSE:RVLV) Price Target to $25.00

Revolve Group (NYSE:RVLV) had its price objective upped by UBS Group from $21.00 to $25.00 in a report issued on Thursday morning, Benzinga reports. They currently have a neutral rating on the stock.

Several other analysts have also issued reports on the company. BTIG Research boosted their price target on Revolve Group from $24.00 to $26.00 and gave the company a “buy” rating in a report on Friday, August 16th. Robert W. Baird boosted their price objective on Revolve Group from $23.00 to $24.00 and gave the company a “neutral” rating in a research note on Wednesday, August 14th. Wedbush restated a “neutral” rating and set a $19.00 target price on shares of Revolve Group in a research note on Wednesday, August 7th. Evercore ISI lifted their price target on shares of Revolve Group from $20.00 to $21.00 and gave the company an “in-line” rating in a report on Wednesday, August 7th. Finally, Barclays increased their price objective on shares of Revolve Group from $15.00 to $17.00 and gave the stock an “underweight” rating in a research note on Wednesday, October 2nd. Two investment analysts have 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, the company has an average rating of “Hold” and an average target price of $21.81.

Revolve Group Stock Up 0.7 %

Shares of NYSE:RVLV opened at $26.53 on Thursday. The firm’s 50 day moving average price is $23.98 and its 200-day moving average price is $20.50. The stock has a market capitalization of $1.87 billion, a PE ratio of 58.96, a price-to-earnings-growth ratio of 2.49 and a beta of 2.05. Revolve Group has a twelve month low of $12.42 and a twelve month high of $26.72.

Revolve Group (NYSE:RVLV) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.08. Revolve Group had a net margin of 3.08% and a return on equity of 8.35%. The business had revenue of $282.50 million for the quarter, compared to analysts’ expectations of $277.06 million. During the same quarter last year, the company posted $0.10 EPS. The company’s revenue was up 3.2% compared to the same quarter last year. Analysts expect that Revolve Group will post 0.55 earnings per share for the current fiscal year.

Insider Transactions at Revolve Group

In related news, major shareholder Mmmk Development, Inc. sold 6,493 shares of the firm’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $25.92, for a total value of $168,298.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Revolve Group news, CEO Michael Mente sold 48,346 shares of the company’s stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $26.32, for a total transaction of $1,272,466.72. Following the sale, the chief executive officer now directly owns 73,000 shares in the company, valued at $1,921,360. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Mmmk Development, Inc. sold 6,493 shares of Revolve Group 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 disclosure for this sale can be found here. Insiders have sold 124,573 shares of company stock valued at $3,260,634 in the last ninety days. Corporate insiders own 46.56% of the company’s stock.

Institutional Trading of Revolve Group

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Benjamin F. Edwards & Company Inc. bought a new position in Revolve Group during the first quarter valued at $45,000. Quarry LP purchased a new position in shares of Revolve Group during the 2nd quarter worth about $68,000. American Century Companies Inc. bought a new position in Revolve Group during the 2nd quarter valued at about $165,000. nVerses Capital LLC purchased a new stake in Revolve Group in the 3rd quarter worth about $171,000. Finally, Pier 88 Investment Partners LLC bought a new stake in Revolve Group in the second quarter worth about $182,000. Hedge funds and other 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.