Revolve Group’s (RVLV) “Buy” Rating Reiterated at Roth Mkm

Revolve Group (NYSE:RVLV)‘s stock had its “buy” rating reissued by equities research analysts at Roth Mkm in a research report issued to clients and investors on Wednesday,Benzinga reports. They presently have a $35.00 target price on the stock, up from their previous target price of $29.00. Roth Mkm’s price target points to a potential upside of 6.25% from the company’s previous close.

A number of other research firms have also commented on RVLV. TD Cowen lifted their target price on Revolve Group from $28.00 to $34.00 and gave the stock a “buy” rating in a report on Wednesday. Evercore ISI upped their target price on shares of Revolve Group from $21.00 to $33.00 and gave the company an “in-line” rating in a research note on Wednesday. Wedbush restated a “neutral” rating and issued a $19.00 target price on shares of Revolve Group in a report on Wednesday, August 7th. Morgan Stanley reissued an “equal weight” rating and issued a $26.00 target price (up previously from $17.00) on shares of Revolve Group in a report on Monday, October 21st. Finally, Robert W. Baird increased their price target on shares of Revolve Group from $24.00 to $33.00 and gave the stock a “neutral” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Revolve Group currently has an average rating of “Hold” and an average target price of $26.19.

Revolve Group Price Performance

Shares of NYSE:RVLV opened at $32.94 on Wednesday. The business has a fifty day moving average price of $24.87 and a 200-day moving average price of $21.18. The company has a market capitalization of $2.33 billion, a PE ratio of 73.20, a PEG 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.

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

Insider Activity

In other news, CEO Michael Mente sold 36,114 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The stock was 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. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Michael Mente sold 36,114 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $25.95, for a total value of $937,158.30. Following the completion of the sale, the chief executive officer now directly owns 73,000 shares of the company’s stock, valued at $1,894,350. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Mmmk Development, Inc. sold 33,164 shares of the firm’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $26.26, for a total value of $870,886.64. The disclosure for this sale can be found here. Insiders sold a total of 344,946 shares of company stock worth $10,075,314 over the last 90 days. Corporate insiders own 46.56% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC increased 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 valued at $28,000 after buying an additional 804 shares during the period. Benjamin F. Edwards & Company Inc. raised its position in shares of Revolve Group by 91.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 4,069 shares of the company’s stock valued at $65,000 after purchasing an additional 1,940 shares during the last quarter. Quarry LP purchased a new stake in Revolve Group during the 2nd quarter worth approximately $68,000. American Century Companies Inc. acquired a new position in shares of Revolve Group in the 2nd quarter valued at $165,000. Finally, nVerses Capital LLC acquired a new position in shares of Revolve Group in the third quarter valued at about $171,000. Hedge funds and other institutional investors own 67.60% of the company’s stock.

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.