Revolve Group, Inc. (NYSE:RVLV) Short Interest Down 22.8% in January

Revolve Group, Inc. (NYSE:RVLV) was the target of a significant decrease in short interest during the month of January. As of January 15th, there was short interest totalling 6,480,000 shares, a decrease of 22.8% from the December 31st total of 8,390,000 shares. Based on an average trading volume of 1,030,000 shares, the days-to-cover ratio is presently 6.3 days.

Analysts Set New Price Targets

RVLV has been the topic of a number of analyst reports. Roth Mkm reissued a “buy” rating and set a $35.00 price objective (up previously from $29.00) on shares of Revolve Group in a report on Wednesday, November 6th. Stifel Nicolaus increased their price target on Revolve Group from $35.00 to $41.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. TD Cowen boosted their target price on shares of Revolve Group from $28.00 to $34.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Robert W. Baird raised their price target on Revolve Group from $24.00 to $33.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. Finally, Piper Sandler lifted their price objective on Revolve Group from $30.00 to $35.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $29.60.

Revolve Group Price Performance

Shares of RVLV traded up $0.22 on Friday, reaching $31.61. 764,745 shares of the stock traded hands, compared to its average volume of 1,003,345. The firm has a market cap of $2.24 billion, a price-to-earnings ratio of 56.45, a P/E/G ratio of 1.52 and a beta of 2.18. Revolve Group has a 12 month low of $14.04 and a 12 month high of $39.58. The stock’s 50-day moving average price is $33.50 and its 200-day moving average price is $27.72.

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

Insider Buying and Selling

In other Revolve Group news, CEO Michael Mente sold 20,373 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $25.95, for a total value of $528,679.35. 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. The trade was a 21.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Jesse Timmermans sold 91,625 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $30.72, for a total transaction of $2,814,720.00. Following the transaction, the chief financial officer now owns 3,054 shares in the company, valued at $93,818.88. This represents a 96.77 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,012,182 shares of company stock worth $32,922,045. Corporate insiders own 46.56% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP boosted its stake in shares of Revolve Group by 22.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 683,101 shares of the company’s stock valued at $10,867,000 after purchasing an additional 123,745 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Revolve Group by 83.4% in the third quarter. JPMorgan Chase & Co. now owns 349,670 shares of the company’s stock valued at $8,665,000 after buying an additional 158,960 shares in the last quarter. Millennium Management LLC boosted its position in Revolve Group by 68.1% in the second quarter. Millennium Management LLC now owns 342,084 shares of the company’s stock valued at $5,443,000 after buying an additional 138,600 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Revolve Group by 0.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 315,213 shares of the company’s stock worth $7,811,000 after buying an additional 2,963 shares during the last quarter. Finally, Sei Investments Co. increased its holdings in shares of Revolve Group by 14.1% during the second quarter. Sei Investments Co. now owns 176,593 shares of the company’s stock worth $2,810,000 after buying an additional 21,821 shares in the last quarter. Institutional investors own 67.60% of the company’s stock.

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.