UBS Group Raises Revolve Group (NYSE:RVLV) Price Target to $30.00

Revolve Group (NYSE:RVLV) had its price target upped by investment analysts at UBS Group from $25.00 to $30.00 in a research report issued on Wednesday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s target price points to a potential downside of 10.31% from the stock’s current price.

Several other research firms have also recently commented on RVLV. Evercore ISI increased their price objective on Revolve Group from $21.00 to $33.00 and gave the company an “in-line” rating in a research report on Wednesday. TD Cowen lifted their target price on Revolve Group from $28.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday. Wedbush reissued a “neutral” rating and set a $19.00 target price on shares of Revolve Group in a research note on Wednesday, August 7th. Robert W. Baird lifted their target price on Revolve Group from $24.00 to $33.00 and gave the stock a “neutral” rating in a report on Wednesday. Finally, Barclays raised Revolve Group from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $17.00 to $25.00 in a research note on Wednesday. One 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 company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $26.19.

Revolve Group Price Performance

RVLV stock traded up $7.43 during mid-day trading on Wednesday, reaching $33.45. 3,147,851 shares of the company traded hands, compared to its average volume of 1,006,589. Revolve Group has a 52-week low of $12.63 and a 52-week high of $33.71. The company has a market capitalization of $2.36 billion, a P/E ratio of 72.04, a P/E/G ratio of 2.43 and a beta of 2.05. The company has a fifty day moving average price of $24.47 and a 200-day moving average price of $21.01.

Revolve Group (NYSE:RVLV) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.06. The firm had revenue of $283.15 million during the quarter, compared to the consensus estimate of $271.08 million. Revolve Group had a return on equity of 8.35% and a net margin of 3.08%. The business’s revenue was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.04 earnings per share. As a group, analysts forecast that Revolve Group will post 0.56 EPS for the current year.

Insider Activity at Revolve Group

In other news, major shareholder Mmmk Development, Inc. sold 6,493 shares of the stock in a transaction that occurred 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 filing with the Securities & Exchange Commission, which is available through the SEC website. In related 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 value of $168,298.56. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Michael Mente sold 48,346 shares of Revolve Group stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $26.32, for a total value of $1,272,466.72. Following the completion of the transaction, the chief executive officer now owns 73,000 shares in the company, valued at $1,921,360. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 124,573 shares of company stock valued at $3,260,634 in the last three months. 46.56% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Revolve Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Farther Finance Advisors LLC boosted its holdings in Revolve Group by 249.7% in the third quarter. Farther Finance Advisors LLC now owns 1,126 shares of the company’s stock worth $28,000 after purchasing an additional 804 shares in the last quarter. Benjamin F. Edwards & Company Inc. grew its stake 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 during the last quarter. Quarry LP bought a new stake in Revolve Group during the second quarter worth about $68,000. American Century Companies Inc. bought a new stake in shares of Revolve Group during the second quarter valued at approximately $165,000. Finally, nVerses Capital LLC bought a new stake in shares of Revolve Group during the third quarter valued at approximately $171,000. 67.60% of the stock is currently owned by institutional investors and hedge funds.

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.