Revolve Group (NYSE:RVLV) Announces Earnings Results, Beats Expectations By $0.05 EPS

Revolve Group (NYSE:RVLV) posted its quarterly earnings data on Tuesday. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.05, Briefing.com reports. Revolve Group had a return on equity of 8.35% and a net margin of 3.08%. The company had revenue of $283.15 million for the quarter, compared to analyst estimates of $271.08 million. During the same quarter in the previous year, the firm earned $0.04 earnings per share. The business’s revenue was up 9.9% on a year-over-year basis.

Revolve Group Price Performance

RVLV traded down $0.34 during mid-day trading on Thursday, hitting $32.94. The stock had a trading volume of 1,122,592 shares, compared to its average volume of 1,011,558. The stock’s fifty day simple moving average is $24.67 and its 200-day simple moving average is $21.09. The firm has a market capitalization of $2.33 billion, a price-to-earnings ratio of 73.91, a price-to-earnings-growth 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.

Analysts Set New Price Targets

Several research analysts recently issued reports on RVLV shares. UBS Group upped their price target on shares of Revolve Group from $25.00 to $30.00 and gave the stock a “neutral” rating in a research report on Wednesday. Wedbush reissued a “neutral” rating and set a $19.00 price target on shares of Revolve Group in a research note on Wednesday, August 7th. Evercore ISI boosted their price objective on shares of Revolve Group from $21.00 to $33.00 and gave the stock an “in-line” rating in a research report on Wednesday. Barclays raised Revolve Group from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $17.00 to $25.00 in a report on Wednesday. Finally, TD Cowen boosted their target price on Revolve Group from $28.00 to $34.00 and gave the stock a “buy” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $26.19.

Insider Activity

In other news, major shareholder Mmmk Development, Inc. sold 6,493 shares of the firm’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $25.92, for a total transaction of $168,298.56. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other Revolve Group news, CEO Michael Mente sold 48,346 shares of Revolve Group stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $26.32, for a total value of $1,272,466.72. Following the sale, the chief executive officer now owns 73,000 shares of the company’s stock, valued at $1,921,360. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Mmmk Development, Inc. sold 6,493 shares of the company’s stock in a transaction dated 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 sold 344,946 shares of company stock valued at $10,075,314 in the last quarter. Company 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.