Revolve Group (NYSE:RVLV) Given New $25.00 Price Target at UBS Group

Revolve Group (NYSE:RVLV) had its target price increased by UBS Group from $21.00 to $25.00 in a research note issued to investors on Thursday morning, Benzinga reports. They currently have a neutral rating on the stock.

A number of other research firms also recently issued reports on RVLV. Wedbush reissued a “neutral” rating and set a $19.00 price target on shares of Revolve Group in a research report on Wednesday, August 7th. BTIG Research raised their target price on shares of Revolve Group from $24.00 to $26.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Robert W. Baird boosted their price target on shares of Revolve Group from $23.00 to $24.00 and gave the company a “neutral” rating in a report on Wednesday, August 14th. Barclays increased their price objective on shares of Revolve Group from $15.00 to $17.00 and gave the company an “underweight” rating in a research note on Wednesday, October 2nd. Finally, Evercore ISI boosted their price objective on shares of Revolve Group from $20.00 to $21.00 and gave the stock an “in-line” rating in a research note on Wednesday, August 7th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $21.81.

Revolve Group Price Performance

RVLV stock opened at $26.53 on Thursday. The company has a market capitalization of $1.87 billion, a PE ratio of 58.96, a P/E/G ratio of 2.49 and a beta of 2.05. Revolve Group has a 12 month low of $12.42 and a 12 month high of $26.72. The firm’s 50-day moving average is $23.98 and its 200 day moving average is $20.50.

Revolve Group (NYSE:RVLV) last issued its earnings results on Tuesday, August 6th. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.08. The business had revenue of $282.50 million for the quarter, compared to analyst estimates of $277.06 million. Revolve Group had a net margin of 3.08% and a return on equity of 8.35%. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same period last year, the company posted $0.10 earnings per share. Sell-side analysts forecast that Revolve Group will post 0.55 EPS for the current fiscal year.

Insider Buying and Selling

In other Revolve Group news, major shareholder Mmmk Development, Inc. sold 33,164 shares of the firm’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $26.26, for a total transaction of $870,886.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Revolve Group news, major shareholder Mmmk Development, Inc. sold 33,164 shares of the stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $26.26, for a total transaction of $870,886.64. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Michael Mente sold 48,346 shares of the business’s stock in a transaction dated 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 directly owns 73,000 shares of the company’s stock, valued at approximately $1,921,360. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 124,573 shares of company stock valued at $3,260,634 over the last quarter. 46.56% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Revolve Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Westfield Capital Management Co. LP acquired a new position in shares of Revolve Group in the 1st quarter valued at $33,735,000. Norden Group LLC raised its position in shares of Revolve Group by 2,269.6% in the first quarter. Norden Group LLC now owns 367,200 shares of the company’s stock worth $7,774,000 after acquiring an additional 351,704 shares during the period. Marshall Wace LLP boosted its stake in shares of Revolve Group by 141.2% during the 2nd quarter. Marshall Wace LLP now owns 478,623 shares of the company’s stock worth $7,615,000 after acquiring an additional 280,151 shares in the last quarter. Comerica Bank increased its stake in shares of Revolve Group by 12,630.9% in the 1st quarter. Comerica Bank now owns 179,888 shares of the company’s stock valued at $3,808,000 after purchasing an additional 178,475 shares in the last quarter. Finally, Millennium Management LLC raised its holdings in Revolve Group by 68.1% in the 2nd quarter. Millennium Management LLC now owns 342,084 shares of the company’s stock worth $5,443,000 after purchasing an additional 138,600 shares during the period. Institutional investors and hedge funds 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.