Revolve Group (NYSE:RVLV) Given New $33.00 Price Target at Evercore ISI

Revolve Group (NYSE:RVLV) had its price objective upped by Evercore ISI from $21.00 to $33.00 in a research note published on Wednesday morning,Benzinga reports. Evercore ISI currently has an in-line rating on the stock.

RVLV has been the topic of several other reports. Robert W. Baird boosted their price target on shares of Revolve Group from $24.00 to $33.00 and gave the company a “neutral” rating in a report on Wednesday. Piper Sandler upped their target price on Revolve Group from $30.00 to $35.00 and gave the stock an “overweight” rating in a research report on Wednesday. BTIG Research raised their price target on Revolve Group from $24.00 to $26.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Barclays raised Revolve Group from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $17.00 to $25.00 in a research note on Wednesday. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $26.00 target price (up from $17.00) on shares of Revolve Group in a research note on Monday, October 21st. 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, the stock has an average rating of “Hold” and a consensus target price of $26.19.

Revolve Group Stock Performance

RVLV opened at $31.47 on Wednesday. The stock’s fifty day moving average is $25.04 and its 200-day moving average is $21.27. The company has a market capitalization of $2.22 billion, a PE ratio of 56.20, a P/E/G ratio of 2.97 and a beta of 2.05. Revolve Group has a one year low of $12.63 and a one year high of $33.82.

Revolve Group (NYSE:RVLV) last announced its earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.05. Revolve Group had a return on equity of 10.17% and a net margin of 3.72%. The company had revenue of $283.15 million for the quarter, compared to analyst estimates of $271.08 million. During the same period in the previous year, the firm earned $0.04 earnings per share. Revolve Group’s revenue for the quarter was up 9.9% compared to the same quarter last year. On average, equities research analysts forecast that Revolve Group will post 0.6 EPS for the current fiscal year.

Insider Activity

In other Revolve Group news, CEO Michael Mente sold 36,114 shares of Revolve Group 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 approximately $1,894,350. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Michael Mente sold 36,114 shares of the business’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 in the company, valued at approximately $1,894,350. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Mmmk Development, Inc. sold 33,164 shares of Revolve Group stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $26.26, for a total transaction of $870,886.64. The disclosure for this sale can be found here. In the last 90 days, insiders sold 436,571 shares of company stock worth $12,890,034. 46.56% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Norden Group LLC grew its holdings in Revolve Group by 38.3% during the 1st quarter. Norden Group LLC now owns 21,425 shares of the company’s stock worth $454,000 after acquiring an additional 5,929 shares during the period. Susquehanna Fundamental Investments LLC bought a new position in Revolve Group during the 1st quarter worth about $1,432,000. US Bancorp DE raised its stake in shares of Revolve Group by 1.8% in the 1st quarter. US Bancorp DE now owns 39,255 shares of the company’s stock valued at $831,000 after purchasing an additional 677 shares during the period. Westfield Capital Management Co. LP bought a new stake in shares of Revolve Group in the first quarter valued at about $33,735,000. Finally, Seven Eight Capital LP acquired a new position in shares of Revolve Group during the first quarter worth about $438,000. 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.