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

Revolve Group (NYSE:RVLV) had its target price hoisted by UBS Group from $25.00 to $30.00 in a research note published on Wednesday,Benzinga reports. They currently have a neutral rating on the stock.

Other analysts have also issued reports about the stock. Wedbush reiterated a “neutral” rating and issued a $19.00 price target on shares of Revolve Group in a research report on Wednesday, August 7th. BTIG Research lifted their price target on shares of Revolve Group from $30.00 to $35.00 and gave the stock a “buy” rating in a report on Wednesday. Piper Sandler increased their target price on Revolve Group from $30.00 to $35.00 and gave the stock an “overweight” rating in a research report on Wednesday. TD Cowen lifted their price target on shares of Revolve Group from $28.00 to $34.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $26.00 price objective (up from $17.00) on shares of Revolve Group in a research note on Monday, October 21st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $26.19.

Revolve Group Trading Down 4.5 %

Shares of Revolve Group stock opened at $31.47 on Wednesday. The company has a 50-day moving average of $25.04 and a two-hundred day moving average of $21.27. Revolve Group has a 12-month low of $12.63 and a 12-month high of $33.82. The stock has a market cap of $2.22 billion, a PE ratio of 56.20, a price-to-earnings-growth ratio of 2.97 and a beta of 2.05.

Revolve Group (NYSE:RVLV) last posted its earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share 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 analyst estimates of $271.08 million. Revolve Group had a return on equity of 10.17% and a net margin of 3.72%. Revolve Group’s revenue was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.04 earnings per share. On average, sell-side analysts forecast that Revolve Group will post 0.6 EPS for the current fiscal year.

Insider Transactions at Revolve Group

In other news, CFO Jesse Timmermans sold 91,625 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $30.72, for a total transaction of $2,814,720.00. Following the sale, the chief financial officer now owns 3,054 shares in the company, valued at approximately $93,818.88. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Revolve Group 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 transaction of $168,298.56. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Jesse Timmermans sold 91,625 shares of the 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 transaction, the chief financial officer now owns 3,054 shares in the company, valued at $93,818.88. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 436,571 shares of company stock valued at $12,890,034. 46.56% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC lifted its stake in Revolve Group by 249.7% in the third quarter. Farther Finance Advisors LLC now owns 1,126 shares of the company’s stock valued at $28,000 after buying an additional 804 shares during the period. Benjamin F. Edwards & Company Inc. grew its position in shares of Revolve Group by 91.1% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 4,069 shares of the company’s stock worth $65,000 after buying an additional 1,940 shares during the period. Quarry LP bought a new stake in shares of Revolve Group in the 2nd quarter valued at about $68,000. American Century Companies Inc. acquired a new stake in shares of Revolve Group in the 2nd quarter valued at approximately $165,000. Finally, nVerses Capital LLC acquired a new position in Revolve Group during the third quarter valued at approximately $171,000. Institutional investors and hedge funds 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.