Revolve Group (NYSE:RVLV) Hits New 12-Month High – Time to Buy?

Revolve Group, Inc. (NYSE:RVLV)’s share price hit a new 52-week high on Thursday . The company traded as high as $35.22 and last traded at $35.00, with a volume of 412762 shares trading hands. The stock had previously closed at $33.78.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Wedbush restated a “neutral” rating and issued a $19.00 target price on shares of Revolve Group in a research report on Wednesday, August 7th. Piper Sandler raised their target price on shares of Revolve Group from $30.00 to $35.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. BTIG Research raised their target price on shares of Revolve Group from $30.00 to $35.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Roth Mkm restated a “buy” rating and issued a $35.00 target price (up previously from $29.00) on shares of Revolve Group in a research report on Wednesday, November 6th. Finally, Barclays upgraded shares of Revolve Group from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $17.00 to $25.00 in a research report on Wednesday, November 6th. One investment 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.com, Revolve Group has a consensus rating of “Hold” and a consensus price target of $26.19.

Revolve Group Stock Up 0.5 %

The stock has a market capitalization of $2.48 billion, a P/E ratio of 62.48, a P/E/G ratio of 2.20 and a beta of 2.05. The firm’s 50 day simple moving average is $27.30 and its two-hundred day simple moving average is $22.22.

Revolve Group (NYSE:RVLV) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.05. Revolve Group had a net margin of 3.72% and a return on equity of 10.17%. The firm had revenue of $283.15 million during the quarter, compared to the consensus estimate of $271.08 million. During the same period in the previous year, the firm posted $0.04 earnings per share. The business’s revenue was up 9.9% compared to the same quarter last year. As a group, equities research analysts expect that Revolve Group, Inc. will post 0.6 earnings per share for the current year.

Insider Transactions at Revolve Group

In other news, CEO Michael Mente sold 71,463 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $35.20, for a total transaction of $2,515,497.60. Following the completion of the sale, the chief executive officer now directly owns 73,000 shares of the company’s stock, valued at $2,569,600. The trade was a 49.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Mmmk Development, Inc. sold 6,493 shares of the business’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $25.92, for a total transaction of $168,298.56. The disclosure for this sale can be found here. Insiders sold a total of 581,817 shares of company stock valued at $17,870,621 over the last three months. Corporate insiders own 46.56% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Barclays PLC boosted its stake in Revolve Group by 156.7% in the third quarter. Barclays PLC now owns 85,613 shares of the company’s stock valued at $2,122,000 after acquiring an additional 52,257 shares during the last quarter. Polar Asset Management Partners Inc. purchased a new stake in shares of Revolve Group during the 3rd quarter valued at approximately $3,982,000. HighTower Advisors LLC purchased a new stake in shares of Revolve Group during the 3rd quarter valued at approximately $250,000. Centiva Capital LP lifted its stake in shares of Revolve Group by 238.3% during the 3rd quarter. Centiva Capital LP now owns 56,133 shares of the company’s stock valued at $1,391,000 after buying an additional 39,538 shares in the last quarter. Finally, Maverick Capital Ltd. purchased a new stake in shares of Revolve Group during the 3rd quarter valued at approximately $2,165,000. 67.60% of the stock is currently owned by hedge funds and other institutional investors.

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.