BTIG Research Forecasts Strong Price Appreciation for Revolve Group (NYSE:RVLV) Stock

Revolve Group (NYSE:RVLV) had its target price upped by equities research analysts at BTIG Research from $30.00 to $35.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the stock. BTIG Research’s price objective suggests a potential upside of 9.20% from the company’s current price.

RVLV has been the topic of several other research reports. Wedbush reiterated a “neutral” rating and set a $19.00 price objective on shares of Revolve Group in a report on Wednesday, August 7th. Evercore ISI boosted their target price on Revolve Group from $21.00 to $33.00 and gave the company an “in-line” rating in a research note on Wednesday. Morgan Stanley restated an “equal weight” rating and issued a $26.00 target price (up previously from $17.00) on shares of Revolve Group in a research note on Monday, October 21st. TD Cowen boosted 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. Finally, Barclays upgraded Revolve Group from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $17.00 to $25.00 in a research note on Wednesday. One 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, Revolve Group presently has an average rating of “Hold” and an average price target of $25.88.

Revolve Group Price Performance

Shares of Revolve Group stock traded up $6.03 during trading on Wednesday, hitting $32.05. 2,129,740 shares of the company were exchanged, compared to its average volume of 1,001,509. The firm has a market capitalization of $2.26 billion, a P/E ratio of 70.24, a price-to-earnings-growth 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 $32.70. The firm’s fifty day moving average price is $24.47 and its 200 day moving average price is $21.01.

Revolve Group (NYSE:RVLV) last released 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. Revolve Group had a return on equity of 8.35% and a net margin of 3.08%. The business had revenue of $283.15 million for the quarter, compared to analysts’ expectations of $271.08 million. During the same quarter in the previous year, the business posted $0.04 EPS. Revolve Group’s revenue for the quarter was up 9.9% on a year-over-year basis. As a group, equities research analysts anticipate that Revolve Group will post 0.56 earnings per share for the current year.

Insider Buying and Selling at Revolve Group

In other news, CEO Michael Mente sold 36,114 shares of the company’s stock in a transaction 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 completion of the sale, 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, major shareholder Mmmk Development, Inc. sold 33,164 shares of the company’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $26.26, for a total transaction of $870,886.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael Mente sold 36,114 shares of the company’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $25.95, for a total value of $937,158.30. Following the sale, the chief executive officer now owns 73,000 shares of the company’s stock, valued at approximately $1,894,350. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 124,573 shares of company stock valued at $3,260,634 in the last ninety days. 46.56% of the stock is currently owned by corporate insiders.

Institutional Trading of Revolve Group

Several institutional investors and hedge funds have recently modified their holdings of the business. Lisanti Capital Growth LLC bought a new stake in shares of Revolve Group during the 3rd quarter worth $2,276,000. Los Angeles Capital Management LLC lifted its position in shares of Revolve Group by 17.5% during the 3rd quarter. Los Angeles Capital Management LLC now owns 33,701 shares of the company’s stock worth $835,000 after buying an additional 5,011 shares during the last quarter. BloombergSen Inc. lifted its position in shares of Revolve Group by 39.1% during the 3rd quarter. BloombergSen Inc. now owns 35,239 shares of the company’s stock worth $873,000 after buying an additional 9,904 shares during the last quarter. Harbor Capital Advisors Inc. lifted its position in shares of Revolve Group by 46.1% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 107,148 shares of the company’s stock worth $2,655,000 after buying an additional 33,812 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its position in shares of Revolve Group by 249.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,126 shares of the company’s stock worth $28,000 after buying an additional 804 shares during the last quarter. 67.60% of the stock is currently owned by 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.