Revolve Group (NYSE:RVLV) Given “Buy” Rating at Roth Mkm

Roth Mkm reiterated their buy rating on shares of Revolve Group (NYSE:RVLV) in a research report report published on Wednesday,Benzinga reports. Roth Mkm currently has a $35.00 price objective on the stock, up from their prior price objective of $29.00.

A number of other equities research analysts have also recently issued reports on RVLV. Barclays raised shares of Revolve Group from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $17.00 to $25.00 in a research note on Wednesday. Evercore ISI boosted their target price on Revolve Group from $21.00 to $33.00 and gave the company an “in-line” rating in a research note on Wednesday. TD Cowen raised their price target on Revolve Group from $28.00 to $34.00 and gave the stock a “buy” rating in a research report on Wednesday. Robert W. Baird boosted their price objective on Revolve Group from $24.00 to $33.00 and gave the company a “neutral” rating in a research report on Wednesday. Finally, BTIG Research raised their target price on shares of Revolve Group from $30.00 to $35.00 and gave the stock a “buy” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Revolve Group currently has an average rating of “Hold” and a consensus target price of $26.19.

Revolve Group Stock Performance

Revolve Group stock opened at $31.47 on Wednesday. Revolve Group has a fifty-two week low of $12.63 and a fifty-two week high of $33.82. The stock has a market cap of $2.22 billion, a P/E ratio of 56.20, a price-to-earnings-growth ratio of 2.97 and a beta of 2.05. The firm’s fifty day moving average price is $25.04 and its 200-day moving average price is $21.27.

Revolve Group (NYSE:RVLV) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.05. The firm had revenue of $283.15 million during the quarter, compared to analyst estimates of $271.08 million. Revolve Group had a return on equity of 10.17% and a net margin of 3.72%. The company’s revenue was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.04 earnings per share. On average, analysts predict that Revolve Group will post 0.6 earnings per share for the current year.

Insiders Place Their Bets

In other news, major shareholder Mmmk Development, Inc. sold 6,493 shares of the company’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $25.92, for a total value of $168,298.56. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, major shareholder Mmmk Development, Inc. sold 6,493 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $25.92, for a total value of $168,298.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Michael Mente sold 200,000 shares of the firm’s stock in a transaction that occurred 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 directly owns 73,000 shares of the company’s stock, valued at approximately $2,294,390. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 436,571 shares of company stock worth $12,890,034. 46.56% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Revolve Group

A number of hedge funds have recently bought and sold shares of the company. Norden Group LLC increased its stake in Revolve Group by 38.3% during the 1st quarter. Norden Group LLC now owns 21,425 shares of the company’s stock valued at $454,000 after purchasing an additional 5,929 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Revolve Group during the first quarter valued at approximately $1,432,000. US Bancorp DE grew its holdings in shares of Revolve Group by 1.8% during the first quarter. US Bancorp DE now owns 39,255 shares of the company’s stock valued at $831,000 after buying an additional 677 shares during the last quarter. Westfield Capital Management Co. LP bought a new stake in shares of Revolve Group during the first quarter valued at approximately $33,735,000. Finally, Seven Eight Capital LP purchased a new position in Revolve Group in the 1st quarter worth approximately $438,000. Institutional investors own 67.60% of the company’s stock.

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.