Revolve Group (NYSE:RVLV) Rating Increased to Equal Weight at Barclays

Barclays upgraded shares of Revolve Group (NYSE:RVLV) from an underweight rating to an equal weight rating in a report issued on Wednesday, MarketBeat.com reports. They currently have $25.00 target price on the stock, up from their previous target price of $17.00.

RVLV has been the subject of several other reports. Wedbush restated a “neutral” rating and issued a $19.00 price objective on shares of Revolve Group in a research note on Wednesday, August 7th. UBS Group upped their target price on shares of Revolve Group from $21.00 to $25.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Evercore ISI raised their price target on Revolve Group from $20.00 to $21.00 and gave the company an “in-line” rating in a report on Wednesday, August 7th. Morgan Stanley reissued an “equal weight” rating and issued a $26.00 price objective (up from $17.00) on shares of Revolve Group in a research note on Monday, October 21st. Finally, BTIG Research boosted their target price on Revolve Group from $24.00 to $26.00 and gave the company a “buy” rating in a research report on Friday, August 16th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $26.19.

Revolve Group Trading Down 1.0 %

RVLV traded down $0.34 during trading on Wednesday, hitting $32.94. 157,638 shares of the company’s stock traded hands, compared to its average volume of 1,007,090. Revolve Group has a 12-month low of $12.63 and a 12-month high of $33.82. The company’s 50 day simple moving average is $24.67 and its two-hundred day simple moving average is $21.09. The stock has a market capitalization of $2.33 billion, a price-to-earnings ratio of 73.91, a PEG ratio of 2.43 and a beta of 2.05.

Revolve Group (NYSE:RVLV) last announced its earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.05. Revolve Group had a net margin of 3.08% and a return on equity of 8.35%. The business had revenue of $283.15 million during the quarter, compared to analyst estimates of $271.08 million. During the same period in the previous year, the business earned $0.04 EPS. The company’s quarterly revenue was up 9.9% compared to the same quarter last year. On average, equities analysts expect that Revolve Group will post 0.56 EPS for the current year.

Insider Transactions at Revolve Group

In other Revolve Group news, major shareholder Mmmk Development, Inc. sold 6,493 shares of Revolve Group stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $25.92, for a total transaction of $168,298.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Michael Mente sold 200,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $31.43, for a total transaction of $6,286,000.00. Following the transaction, the chief executive officer now directly owns 73,000 shares in the company, valued at approximately $2,294,390. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Mmmk Development, Inc. sold 6,493 shares of the company’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $25.92, for a total value of $168,298.56. The disclosure for this sale can be found here. Over the last three months, insiders have sold 344,946 shares of company stock valued at $10,075,314. 46.56% of the stock is currently owned by company insiders.

Institutional Trading of Revolve Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Comerica Bank lifted its stake in shares of Revolve Group by 12,630.9% during the 1st quarter. Comerica Bank now owns 179,888 shares of the company’s stock worth $3,808,000 after purchasing an additional 178,475 shares during the last quarter. Susquehanna Fundamental Investments LLC bought a new position in Revolve Group in the first quarter worth about $1,432,000. Silvercrest Asset Management Group LLC raised its holdings in 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 purchasing an additional 134,775 shares in the last quarter. XTX Topco Ltd lifted its position in shares of Revolve Group by 148.4% during the second quarter. XTX Topco Ltd now owns 39,586 shares of the company’s stock valued at $630,000 after buying an additional 23,652 shares during the last quarter. Finally, Harbor Capital Advisors Inc. boosted its holdings in shares of Revolve Group by 410.8% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 73,336 shares of the company’s stock valued at $1,167,000 after buying an additional 58,979 shares in the last quarter. Institutional investors own 67.60% of the company’s stock.

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.