Revolve Group (NYSE:RVLV) Shares Gap Up to $62.54

Revolve Group, Inc. (NYSE:RVLV)’s share price gapped up prior to trading on Monday . The stock had previously closed at $62.54, but opened at $65.93. Revolve Group shares last traded at $63.97, with a volume of 5,408 shares.

A number of brokerages recently commented on RVLV. Cowen raised their target price on Revolve Group from $65.00 to $70.00 and gave the stock an “outperform” rating in a report on Thursday, August 5th. B. Riley raised their target price on Revolve Group from $58.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, June 29th. Jefferies Financial Group raised Revolve Group from a “hold” rating to a “buy” rating and raised their target price for the stock from $65.00 to $80.00 in a report on Monday. Zacks Investment Research upgraded Revolve Group from a “hold” rating to a “buy” rating and set a $78.00 price target for the company in a research note on Thursday, July 8th. Finally, MKM Partners increased their price target on Revolve Group from $60.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, August 2nd. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, Revolve Group presently has a consensus rating of “Buy” and an average price target of $66.33.

The company has a market cap of $4.65 billion, a PE ratio of 51.15, a price-to-earnings-growth ratio of 2.92 and a beta of 2.62. The company has a 50-day moving average of $64.27 and a 200 day moving average of $56.76.

Revolve Group (NYSE:RVLV) last released its quarterly earnings results on Wednesday, August 4th. The company reported $0.42 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.21. The company had revenue of $228.60 million during the quarter, compared to analyst estimates of $198.91 million. Revolve Group had a return on equity of 39.45% and a net margin of 13.18%. The firm’s revenue was up 60.1% on a year-over-year basis. During the same quarter last year, the business posted $0.20 earnings per share. On average, sell-side analysts expect that Revolve Group, Inc. will post 1.03 earnings per share for the current fiscal year.

In other Revolve Group news, CEO Michael Mente sold 30,546 shares of the firm’s stock in a transaction dated Tuesday, August 31st. The shares were sold at an average price of $56.90, for a total value of $1,738,067.40. Following the completion of the sale, the chief executive officer now owns 123,000 shares of the company’s stock, valued at $6,998,700. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Mmmk Development, Inc. sold 200,000 shares of Revolve Group stock in a transaction that occurred on Wednesday, September 1st. The shares were sold at an average price of $62.57, for a total transaction of $12,514,000.00. Following the sale, the insider now directly owns 123,000 shares of the company’s stock, valued at approximately $7,696,110. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,516,059 shares of company stock valued at $97,385,917. 51.12% of the stock is currently owned by company insiders.

Several institutional investors have recently bought and sold shares of RVLV. Nisa Investment Advisors LLC bought a new stake in shares of Revolve Group during the second quarter valued at approximately $34,000. O Shaughnessy Asset Management LLC increased its holdings in Revolve Group by 36.7% during the second quarter. O Shaughnessy Asset Management LLC now owns 678 shares of the company’s stock valued at $47,000 after buying an additional 182 shares during the period. Advisory Services Network LLC purchased a new position in Revolve Group during the second quarter valued at approximately $80,000. Stephens Inc. AR increased its holdings in Revolve Group by 783.5% during the first quarter. Stephens Inc. AR now owns 2,518 shares of the company’s stock valued at $113,000 after buying an additional 2,233 shares during the period. Finally, BNP Paribas Arbitrage SA increased its holdings in Revolve Group by 50.7% during the first quarter. BNP Paribas Arbitrage SA now owns 2,779 shares of the company’s stock valued at $125,000 after buying an additional 935 shares during the period. 49.63% of the stock is owned by hedge funds and other institutional investors.

About Revolve Group (NYSE:RVLV)

Revolve Group, Inc engages in the retail of next-generation fashion for millennial and generation Z consumers. It operates through the Revolve, and Forward segments. The Revolve segment offers assortment of apparel and footwear, accessories and beauty products from emerging, established and owned brands.

Read More: Average Daily Trade Volume – ADTV

Receive News & Ratings for Revolve Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Revolve Group and related companies with MarketBeat.com's FREE daily email newsletter.