Evercore ISI Boosts Revolve Group (NYSE:RVLV) Price Target to $33.00

Revolve Group (NYSE:RVLV) had its price target boosted by Evercore ISI from $21.00 to $33.00 in a research note published on Wednesday,Benzinga reports. They currently have an in-line rating on the stock.

Other equities research analysts have also recently issued research reports about the stock. Wedbush reaffirmed a “neutral” rating and issued a $19.00 price target on shares of Revolve Group in a research report on Wednesday, August 7th. Piper Sandler boosted their price objective on shares of Revolve Group from $30.00 to $35.00 and gave the stock an “overweight” rating in a research note on Wednesday. UBS Group boosted their price objective on shares of Revolve Group from $21.00 to $25.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Robert W. Baird boosted their price objective on shares of Revolve Group from $24.00 to $33.00 and gave the stock a “neutral” rating in a research note on Wednesday. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $26.00 price objective (up previously from $17.00) on shares of Revolve Group in a research note on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $26.19.

Revolve Group Stock Performance

Revolve Group stock traded down $0.71 during trading hours on Wednesday, hitting $32.57. The company had a trading volume of 331,470 shares, compared to its average volume of 1,007,895. The firm has a market cap of $2.30 billion, a P/E ratio of 73.91, a P/E/G ratio of 2.43 and a beta of 2.05. Revolve Group has a 1 year low of $12.63 and a 1 year high of $33.82. The company has a 50-day moving average price of $24.67 and a two-hundred day moving average price of $21.09.

Revolve Group (NYSE:RVLV) last released its quarterly earnings data on Tuesday, November 5th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.05. Revolve Group had a net margin of 3.08% and a return on equity of 8.35%. The company had revenue of $283.15 million during the quarter, compared to analysts’ expectations of $271.08 million. During the same period in the previous year, the company earned $0.04 EPS. The firm’s quarterly revenue was up 9.9% on a year-over-year basis. As a group, equities research analysts anticipate that Revolve Group will post 0.56 EPS for the current year.

Insider Buying and Selling at Revolve Group

In other news, major shareholder Mmmk Development, Inc. sold 6,493 shares of the stock in a transaction on 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 document filed with the SEC, which is accessible through this hyperlink. In other news, major shareholder Mmmk Development, Inc. sold 6,493 shares of the stock in a transaction on 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 document filed with the SEC, which is accessible through this hyperlink. Also, CEO Michael Mente sold 200,000 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $31.43, for a total transaction of $6,286,000.00. Following the completion of the sale, the chief executive officer now owns 73,000 shares in the company, valued at $2,294,390. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 344,946 shares of company stock worth $10,075,314. 46.56% of the stock is owned by corporate insiders.

Institutional Trading of Revolve Group

A number of hedge funds have recently added to or reduced their stakes in RVLV. Farther Finance Advisors LLC boosted its holdings in Revolve Group by 249.7% during the third quarter. Farther Finance Advisors LLC now owns 1,126 shares of the company’s stock worth $28,000 after buying an additional 804 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its holdings in Revolve Group by 91.1% during the second 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 in the last quarter. Quarry LP purchased a new stake in Revolve Group during the second quarter worth $68,000. American Century Companies Inc. purchased a new stake in Revolve Group during the second quarter worth $165,000. Finally, nVerses Capital LLC purchased a new stake in Revolve Group during the third quarter worth $171,000. 67.60% of the stock is owned by hedge funds and other institutional investors.

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.