Revolve Group (RVLV) – Analysts’ Weekly Ratings Changes

Posted by Jessica Moore on Nov 26th, 2024

Revolve Group (NYSE: RVLV) recently received a number of ratings updates from brokerages and research firms:

11/6/2024 – Revolve Group had its price target raised by analysts at Piper Sandler from $30.00 to $35.00. They now have an “overweight” rating on the stock.
11/6/2024 – Revolve Group had its price target raised by analysts at UBS Group AG from $25.00 to $30.00. They now have a “neutral” rating on the stock.
11/6/2024 – Revolve Group had its price target raised by analysts at Robert W. Baird from $24.00 to $33.00. They now have a “neutral” rating on the stock.
11/6/2024 – Revolve Group had its price target raised by analysts at Evercore ISI from $21.00 to $33.00. They now have an “in-line” rating on the stock.
11/6/2024 – Revolve Group was upgraded by analysts at Barclays PLC from an “underweight” rating to an “equal weight” rating. They now have a $25.00 price target on the stock, up previously from $17.00.
11/6/2024 – Revolve Group had its “buy” rating reaffirmed by analysts at Roth Mkm. They now have a $35.00 price target on the stock, up previously from $29.00.
11/6/2024 – Revolve Group had its price target raised by analysts at BTIG Research from $30.00 to $35.00. They now have a “buy” rating on the stock.
11/6/2024 – Revolve Group had its price target raised by analysts at TD Cowen from $28.00 to $34.00. They now have a “buy” rating on the stock.
10/30/2024 – Revolve Group had its price target raised by analysts at Roth Mkm from $26.00 to $29.00. They now have a “buy” rating on the stock.
10/21/2024 – Revolve Group had its “equal weight” rating reaffirmed by analysts at Morgan Stanley. They now have a $26.00 price target on the stock, up previously from $17.00.
10/17/2024 – Revolve Group had its price target raised by analysts at UBS Group AG from $21.00 to $25.00. They now have a “neutral” rating on the stock.
10/2/2024 – Revolve Group had its price target raised by analysts at Barclays PLC from $15.00 to $17.00. They now have an “underweight” rating on the stock.

Revolve Group Stock Performance

NYSE:RVLV traded up $0.50 during mid-day trading on Tuesday, reaching $38.48. The stock had a trading volume of 235,200 shares, compared to its average volume of 1,009,647. The firm has a 50 day moving average price of $27.58 and a two-hundred day moving average price of $22.35. The stock has a market capitalization of $2.72 billion, a P/E ratio of 68.71, a P/E/G ratio of 2.21 and a beta of 2.05. Revolve Group, Inc. has a one year low of $13.24 and a one year high of $38.88.

Revolve Group (NYSE:RVLV – Get Free Report) last released 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. The company had revenue of $283.15 million during the quarter, compared to the consensus estimate of $271.08 million. Revolve Group had a return on equity of 10.17% and a net margin of 3.72%. Revolve Group’s quarterly 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 EPS. Research analysts forecast that Revolve Group, Inc. will post 0.6 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Michael Mente sold 71,463 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $35.20, for a total transaction of $2,515,497.60. Following the transaction, the chief executive officer now directly owns 73,000 shares of the company’s stock, valued at approximately $2,569,600. The trade was a 49.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Mmmk Development, Inc. sold 33,164 shares of the business’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $26.26, for a total value of $870,886.64. The disclosure for this sale can be found here. Insiders sold 581,817 shares of company stock worth $17,870,621 in the last quarter. 46.56% of the stock is owned by insiders.

Institutional Investors Weigh In On Revolve Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its stake in shares of Revolve Group by 22.1% in the second quarter. Dimensional Fund Advisors LP now owns 683,101 shares of the company’s stock worth $10,867,000 after acquiring an additional 123,745 shares during the last quarter. Marshall Wace LLP grew its stake in shares of Revolve Group by 141.2% in the second quarter. Marshall Wace LLP now owns 478,623 shares of the company’s stock worth $7,615,000 after acquiring an additional 280,151 shares during the last quarter. Silvercrest Asset Management Group LLC grew its stake in shares of 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 during the last quarter. Millennium Management LLC grew its stake in shares of Revolve Group by 68.1% in 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. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Revolve Group by 0.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 315,213 shares of the company’s stock worth $7,811,000 after acquiring an additional 2,963 shares during the last quarter. 67.60% of the stock is owned by hedge funds and other institutional investors.

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.