Revolve Group (NYSE:RVLV) Announces Quarterly Earnings Results

Revolve Group (NYSE:RVLV) released its quarterly earnings results on Tuesday. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.05, Briefing.com reports. 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 prior year, the company earned $0.04 earnings per share. The business’s quarterly revenue was up 9.9% compared to the same quarter last year.

Revolve Group Trading Down 1.7 %

Shares of RVLV stock traded down $0.58 on Thursday, hitting $32.70. The stock had a trading volume of 82,622 shares, compared to its average volume of 1,006,743. The firm has a market cap of $2.31 billion, a P/E ratio of 73.91, a PEG ratio of 2.43 and a beta of 2.05. Revolve Group has a twelve month low of $12.63 and a twelve month high of $33.82. The company has a fifty day moving average price of $24.67 and a two-hundred day moving average price of $21.09.

Insiders Place Their Bets

In other Revolve Group news, CEO Michael Mente sold 36,114 shares of the business’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $25.95, for a total transaction of $937,158.30. Following the sale, the chief executive officer now directly owns 73,000 shares of the company’s stock, valued at $1,894,350. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. In other 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 value of $168,298.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Michael Mente sold 36,114 shares of the stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $25.95, for a total transaction of $937,158.30. Following the completion of the transaction, the chief executive officer now directly owns 73,000 shares in the company, valued at approximately $1,894,350. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 344,946 shares of company stock valued at $10,075,314 in the last three months. 46.56% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on RVLV shares. UBS Group upped their price target on shares of Revolve Group from $25.00 to $30.00 and gave the company a “neutral” rating in a report on Wednesday. BTIG Research increased their target price on shares of Revolve Group from $30.00 to $35.00 and gave the company a “buy” rating in a research note on Wednesday. TD Cowen increased their target price on shares of Revolve Group from $28.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday. Robert W. Baird increased their target price on shares of Revolve Group from $24.00 to $33.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, Barclays upgraded shares of Revolve Group from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $17.00 to $25.00 in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $26.19.

Revolve Group Company Profile

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.