Revolve Group (NYSE:RVLV) Price Target Raised to $29.00 at Roth Mkm

Revolve Group (NYSE:RVLV) had its price target lifted by Roth Mkm from $26.00 to $29.00 in a research note released on Wednesday, Benzinga reports. Roth Mkm currently has a buy rating on the stock.

Several other research analysts have also recently issued reports on RVLV. Wedbush reaffirmed a “neutral” rating and issued a $19.00 price target on shares of Revolve Group in a report on Wednesday, August 7th. Robert W. Baird upped their target price on Revolve Group from $23.00 to $24.00 and gave the company a “neutral” rating in a report on Wednesday, August 14th. TD Cowen increased their price target on Revolve Group from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Monday, August 26th. BTIG Research boosted their price objective on Revolve Group from $24.00 to $26.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Finally, Barclays raised their target price on shares of Revolve Group from $15.00 to $17.00 and gave the stock an “underweight” rating in a report on Wednesday, October 2nd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Revolve Group currently has a consensus rating of “Hold” and an average price target of $22.44.

Revolve Group Stock Down 1.9 %

Shares of RVLV stock opened at $25.31 on Wednesday. The stock has a 50-day simple moving average of $24.33 and a 200 day simple moving average of $20.82. The stock has a market capitalization of $1.79 billion, a P/E ratio of 74.44, a P/E/G ratio of 2.41 and a beta of 2.05. Revolve Group has a fifty-two week low of $12.42 and a fifty-two week high of $26.72.

Revolve Group (NYSE:RVLV) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.08. Revolve Group had a net margin of 3.08% and a return on equity of 8.35%. The company had revenue of $282.50 million during the quarter, compared to analyst estimates of $277.06 million. During the same quarter last year, the firm posted $0.10 EPS. The business’s revenue for the quarter was up 3.2% on a year-over-year basis. On average, sell-side analysts anticipate that Revolve Group will post 0.55 earnings per share for the current year.

Insider Transactions at Revolve Group

In related news, major shareholder Mmmk Development, Inc. sold 6,493 shares of the company’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $25.92, for a total value of $168,298.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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. Also, major shareholder Mmmk Development, Inc. sold 6,493 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $25.92, for a total value of $168,298.56. The disclosure for this sale can be found here. In the last quarter, insiders have sold 124,573 shares of company stock valued at $3,260,634. 46.56% of the stock is owned by corporate insiders.

Institutional Trading of Revolve Group

Institutional investors have recently bought and sold shares of the stock. Comerica Bank lifted its holdings in Revolve Group by 12,630.9% during 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 during the last quarter. Capstone Investment Advisors LLC acquired a new position in shares of Revolve Group in the 1st quarter worth approximately $1,591,000. Susquehanna Fundamental Investments LLC bought a new stake in Revolve Group during the 1st quarter worth approximately $1,432,000. Silvercrest Asset Management Group LLC increased its holdings in Revolve Group by 55.7% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 376,620 shares of the company’s stock valued at $7,973,000 after purchasing an additional 134,775 shares in the last quarter. Finally, XTX Topco Ltd raised its position in Revolve Group by 148.4% in the 2nd quarter. XTX Topco Ltd now owns 39,586 shares of the company’s stock valued at $630,000 after purchasing an additional 23,652 shares during the last quarter. Institutional investors and hedge funds 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.