William Blair Boosts Earnings Estimates for Revolve Group

Revolve Group, Inc. (NYSE:RVLV) – Equities researchers at William Blair increased their FY2024 earnings estimates for Revolve Group in a research report issued to clients and investors on Tuesday, November 5th. William Blair analyst D. Carden now forecasts that the company will post earnings of $0.57 per share for the year, up from their prior forecast of $0.51. The consensus estimate for Revolve Group’s current full-year earnings is $0.56 per share. William Blair also issued estimates for Revolve Group’s Q4 2024 earnings at $0.06 EPS and FY2025 earnings at $0.63 EPS.

RVLV has been the topic of several other reports. BTIG Research raised 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. Piper Sandler boosted their price objective on Revolve Group from $30.00 to $35.00 and gave the company an “overweight” rating in a research report on Wednesday. Robert W. Baird increased their target price on Revolve Group from $24.00 to $33.00 and gave the stock a “neutral” rating in a research report on Wednesday. Wedbush reissued a “neutral” rating and issued a $19.00 price target on shares of Revolve Group in a report on Wednesday, August 7th. Finally, UBS Group increased their price objective on shares of Revolve Group from $25.00 to $30.00 and gave the company a “neutral” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $26.19.

Revolve Group Price Performance

Shares of NYSE:RVLV opened at $33.26 on Thursday. The company has a market capitalization of $2.35 billion, a P/E ratio of 72.04, a P/E/G ratio of 2.43 and a beta of 2.05. Revolve Group has a 1-year low of $12.63 and a 1-year high of $33.82. The firm’s 50 day simple moving average is $24.47 and its two-hundred day simple moving average is $21.01.

Revolve Group (NYSE:RVLV) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.09 by $0.06. 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 8.35% and a net margin of 3.08%. The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.04 earnings per share.

Hedge Funds Weigh In On Revolve Group

Hedge funds have recently bought and sold shares of the business. Farther Finance Advisors LLC lifted its position in shares of Revolve Group by 249.7% during the third quarter. Farther Finance Advisors LLC now owns 1,126 shares of the company’s stock worth $28,000 after purchasing an additional 804 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its holdings in Revolve Group by 91.1% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 4,069 shares of the company’s stock valued at $65,000 after buying an additional 1,940 shares in the last quarter. Quarry LP purchased a new stake in Revolve Group in the 2nd quarter valued at about $68,000. nVerses Capital LLC bought a new position in Revolve Group in the 3rd quarter worth about $171,000. Finally, American Century Companies Inc. purchased a new position in shares of Revolve Group during the second quarter worth approximately $165,000. Institutional investors own 67.60% of the company’s stock.

Insider Activity

In related news, CEO Michael Mente sold 200,000 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $31.43, for a total transaction of $6,286,000.00. Following the sale, the chief executive officer now owns 73,000 shares in the company, valued at approximately $2,294,390. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Revolve Group news, major shareholder Mmmk Development, Inc. sold 33,164 shares of the business’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $26.26, for a total transaction of $870,886.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael Mente sold 200,000 shares of the stock in a transaction that occurred 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 owns 73,000 shares in the company, valued at approximately $2,294,390. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 344,946 shares of company stock valued at $10,075,314 in the last ninety days. Insiders own 46.56% of the company’s stock.

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.