Revolve Group, Inc. (NYSE:RVLV) – Equities researchers at B. Riley boosted their Q1 2021 earnings per share (EPS) estimates for shares of Revolve Group in a report issued on Monday, April 19th. B. Riley analyst S. Anderson now expects that the company will post earnings per share of $0.12 for the quarter, up from their previous forecast of $0.08. B. Riley has a “Buy” rating and a $58.00 price objective on the stock. B. Riley also issued estimates for Revolve Group’s FY2022 earnings at $1.03 EPS.
A number of other brokerages have also issued reports on RVLV. KeyCorp raised their target price on shares of Revolve Group from $47.00 to $58.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 13th. Zacks Investment Research downgraded shares of Revolve Group from a “hold” rating to a “sell” rating in a research note on Wednesday, January 20th. Morgan Stanley increased their price target on shares of Revolve Group from $33.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 3rd. Guggenheim increased their price target on shares of Revolve Group from $28.00 to $35.00 and gave the stock a “buy” rating in a research note on Wednesday, December 30th. Finally, Piper Sandler raised their target price on shares of Revolve Group from $45.00 to $53.00 and gave the company an “overweight” rating in a research note on Wednesday, April 7th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Revolve Group currently has a consensus rating of “Buy” and a consensus price target of $41.28.
Shares of NYSE RVLV opened at $49.05 on Wednesday. Revolve Group has a 1 year low of $9.55 and a 1 year high of $55.83. The firm’s 50 day moving average price is $48.11 and its 200 day moving average price is $33.40. The firm has a market cap of $3.52 billion, a P/E ratio of 75.46, a price-to-earnings-growth ratio of 3.02 and a beta of 2.83.
Revolve Group (NYSE:RVLV) last posted its quarterly earnings results on Wednesday, February 24th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.15. Revolve Group had a net margin of 7.87% and a return on equity of 31.18%. The firm had revenue of $140.75 million during the quarter, compared to analysts’ expectations of $135.16 million.
In other Revolve Group news, COO David Pujades sold 5,380 shares of the business’s stock in a transaction dated Thursday, February 11th. The shares were sold at an average price of $39.80, for a total transaction of $214,124.00. Following the sale, the chief operating officer now directly owns 7,945 shares in the company, valued at approximately $316,211. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael Mente sold 2,117,762 shares of the business’s stock in a transaction dated Friday, February 26th. The stock was sold at an average price of $38.60, for a total transaction of $81,745,613.20. Following the sale, the chief executive officer now owns 73,000 shares in the company, valued at $2,817,800. The disclosure for this sale can be found here. Insiders have sold a total of 2,161,932 shares of company stock worth $83,434,185 over the last 90 days. 58.74% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. James Investment Research Inc. bought a new stake in shares of Revolve Group in the 4th quarter worth approximately $28,000. Advisory Services Network LLC bought a new stake in shares of Revolve Group in the 4th quarter worth approximately $29,000. First Horizon Advisors Inc. purchased a new position in shares of Revolve Group in the fourth quarter worth approximately $30,000. JBF Capital Inc. increased its position in shares of Revolve Group by 3,017.0% in the fourth quarter. JBF Capital Inc. now owns 62,340 shares of the company’s stock worth $62,000 after acquiring an additional 60,340 shares in the last quarter. Finally, IFP Advisors Inc increased its position in shares of Revolve Group by 3,351.2% in the fourth quarter. IFP Advisors Inc now owns 2,830 shares of the company’s stock worth $87,000 after acquiring an additional 2,748 shares in the last quarter. Institutional investors and hedge funds own 32.46% of the company’s stock.
Revolve Group Company Profile
Revolve Group, Inc operates as an online fashion retailer for consumers in the United States and internationally. The company operates through two segments, REVOLVE and FORWARD. It operates a platform that connects consumers and global fashion influencers, as well as emerging, established, and owned brands.
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