Piper Sandler Issues Positive Forecast for Revolve Group (NYSE:RVLV) Stock Price

Revolve Group (NYSE:RVLV) had its price objective raised by research analysts at Piper Sandler from $30.00 to $35.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Piper Sandler’s target price suggests a potential upside of 6.25% from the stock’s previous close.

Several other research analysts have also recently weighed in on RVLV. TD Cowen boosted their price target on Revolve Group from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Monday, August 26th. Wedbush reissued a “neutral” rating and issued a $19.00 target price on shares of Revolve Group in a research report on Wednesday, August 7th. Evercore ISI raised 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. UBS Group lifted their price target on shares of Revolve Group from $21.00 to $25.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Finally, Morgan Stanley restated an “equal weight” rating and issued a $26.00 target price (up previously from $17.00) on shares of Revolve Group in a report on Monday, October 21st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $26.19.

Revolve Group Stock Down 1.0 %

Shares of RVLV opened at $32.94 on Wednesday. Revolve Group has a 52 week low of $12.63 and a 52 week high of $33.82. The stock has a market cap of $2.33 billion, a P/E ratio of 73.20, a P/E/G ratio of 2.43 and a beta of 2.05. The business’s 50 day moving average price is $24.87 and its 200-day moving average price is $21.18.

Revolve Group (NYSE:RVLV) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.10 by $0.05. The company 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 3.08% and a return on equity of 8.35%. Revolve Group’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.04 EPS. On average, equities analysts anticipate that Revolve Group will post 0.56 EPS for the current year.

Insider Buying and Selling

In other Revolve Group 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 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. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CEO Michael Mente sold 200,000 shares of the business’s stock in a transaction on 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 transaction, the chief executive officer now owns 73,000 shares of the company’s stock, valued at approximately $2,294,390. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 transaction of $168,298.56. The disclosure for this sale can be found here. In the last ninety days, insiders sold 344,946 shares of company stock valued at $10,075,314. 46.56% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Revolve Group

A number of hedge funds have recently made changes to their positions in the company. Westfield Capital Management Co. LP bought a new position in Revolve Group during the first quarter valued at $33,735,000. Dimensional Fund Advisors LP raised its position in shares of Revolve Group by 22.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 683,101 shares of the company’s stock valued at $10,867,000 after buying an additional 123,745 shares in the last quarter. Marshall Wace LLP lifted its holdings in shares of Revolve Group by 141.2% in the 2nd quarter. Marshall Wace LLP now owns 478,623 shares of the company’s stock valued at $7,615,000 after acquiring an additional 280,151 shares during the last quarter. Silvercrest Asset Management Group LLC grew its position in Revolve Group by 55.7% in the first quarter. Silvercrest Asset Management Group LLC now owns 376,620 shares of the company’s stock worth $7,973,000 after acquiring an additional 134,775 shares in the last quarter. Finally, Millennium Management LLC increased its stake in Revolve Group by 68.1% during the second quarter. Millennium Management LLC now owns 342,084 shares of the company’s stock worth $5,443,000 after acquiring an additional 138,600 shares during the last quarter. 67.60% of the stock is currently owned by hedge funds and other institutional investors.

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.