Revolve Group, Inc. (NYSE:RVLV) CFO Jesse Timmermans Sells 91,625 Shares

Revolve Group, Inc. (NYSE:RVLV) CFO Jesse Timmermans sold 91,625 shares of Revolve Group stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $30.72, for a total transaction of $2,814,720.00. Following the completion of the sale, the chief financial officer now owns 3,054 shares of the company’s stock, valued at approximately $93,818.88. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Revolve Group Stock Down 4.5 %

Shares of NYSE RVLV traded down $1.47 during midday trading on Friday, reaching $31.47. 1,339,159 shares of the company were exchanged, compared to its average volume of 1,013,068. The stock’s 50-day moving average price is $24.87 and its 200-day moving average price is $21.18. The stock has a market cap of $2.22 billion, a P/E ratio of 56.86, a PEG ratio of 2.97 and a beta of 2.05. Revolve Group, Inc. has a one year low of $12.63 and a one year high of $33.82.

Revolve Group (NYSE:RVLV) last posted 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. Revolve Group had a net margin of 3.72% and a return on equity of 10.17%. The firm had revenue of $283.15 million for the quarter, compared to analysts’ expectations of $271.08 million. During the same quarter in the previous year, the firm posted $0.04 earnings per share. The company’s revenue was up 9.9% on a year-over-year basis. On average, equities research analysts anticipate that Revolve Group, Inc. will post 0.6 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Barclays upgraded shares of Revolve Group from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $17.00 to $25.00 in a research report on Wednesday. UBS Group lifted their price objective on shares of Revolve Group from $25.00 to $30.00 and gave the company a “neutral” rating in a research note on Wednesday. BTIG Research lifted their price objective on shares of Revolve Group from $30.00 to $35.00 and gave the company a “buy” rating in a research note on Wednesday. TD Cowen lifted their price objective on shares of Revolve Group from $28.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Piper Sandler lifted their price objective on shares of Revolve Group from $30.00 to $35.00 and gave the company an “overweight” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $26.19.

Institutional Trading of Revolve Group

Institutional investors have recently modified their holdings of the business. Farther Finance Advisors LLC grew its stake in shares of Revolve Group by 249.7% in 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. grew its stake in shares of Revolve Group by 91.1% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,069 shares of the company’s stock worth $65,000 after purchasing an additional 1,940 shares during the last quarter. Quarry LP bought a new stake in shares of Revolve Group in the second quarter worth $68,000. nVerses Capital LLC bought a new stake in shares of Revolve Group in the third quarter worth $171,000. Finally, LMR Partners LLP acquired a new position in Revolve Group in the third quarter valued at $228,000. Institutional investors own 67.60% 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.