Revolve Group (NYSE:RVLV) Upgraded to Overweight at KeyCorp

KeyCorp upgraded shares of Revolve Group (NYSE:RVLV) from a sector weight rating to an overweight rating in a research report sent to investors on Thursday, MarketBeat.com reports. The firm currently has $37.00 price objective on the stock.

Several other brokerages also recently issued reports on RVLV. 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, November 6th. Piper Sandler lifted their target price on Revolve Group from $30.00 to $35.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. Stifel Nicolaus increased their price target on Revolve Group from $35.00 to $41.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. BTIG Research raised their price target on Revolve Group from $30.00 to $35.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Finally, Evercore ISI upped their price objective on shares of Revolve Group from $21.00 to $33.00 and gave the company an “in-line” rating in a report on Wednesday, November 6th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.60.

Revolve Group Stock Up 0.8 %

NYSE:RVLV opened at $31.47 on Thursday. Revolve Group has a twelve month low of $14.04 and a twelve month high of $39.58. The firm has a market capitalization of $2.23 billion, a price-to-earnings ratio of 56.19, a price-to-earnings-growth ratio of 1.57 and a beta of 2.18. The stock’s 50 day moving average price is $33.81 and its two-hundred day moving average price is $26.95.

Revolve Group (NYSE:RVLV) last issued its earnings results 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 business had revenue of $283.15 million for the quarter, compared to the consensus estimate of $271.08 million. Revolve Group had a net margin of 3.72% and a return on equity of 10.17%. The firm’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.04 earnings per share. As a group, analysts anticipate that Revolve Group will post 0.6 earnings per share for the current year.

Insider Buying and Selling at Revolve Group

In related news, CFO Jesse Timmermans sold 91,625 shares of the firm’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 transaction, the chief financial officer now owns 3,054 shares in the company, valued at approximately $93,818.88. This trade represents a 96.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael Mente sold 200,000 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 73,000 shares of the company’s stock, valued at approximately $2,294,390. This trade represents a 73.26 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 900,807 shares of company stock valued at $29,507,102 in the last quarter. Company insiders own 46.56% of the company’s stock.

Hedge Funds Weigh In On Revolve Group

Hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its holdings in shares of Revolve Group by 83.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 349,670 shares of the company’s stock worth $8,665,000 after acquiring an additional 158,960 shares during the period. Harbor Capital Advisors Inc. raised its position in Revolve Group by 46.1% during the third quarter. Harbor Capital Advisors Inc. now owns 107,148 shares of the company’s stock valued at $2,655,000 after purchasing an additional 33,812 shares in the last quarter. Lisanti Capital Growth LLC bought a new stake in Revolve Group during the third quarter worth $2,276,000. Farther Finance Advisors LLC boosted its holdings 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 in the last quarter. Finally, Barclays PLC increased its stake in shares of Revolve Group by 156.7% in the 3rd quarter. Barclays PLC now owns 85,613 shares of the company’s stock valued at $2,122,000 after purchasing an additional 52,257 shares during the last quarter. 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.