Revolve Group, Inc. (NYSE:RVLV) Given Average Rating of “Moderate Buy” by Brokerages

Revolve Group, Inc. (NYSE:RVLV) has been given a consensus rating of “Moderate Buy” by the sixteen brokerages that are covering the stock, Marketbeat reports. Seven research analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $26.2143.

Several equities research analysts recently commented on RVLV shares. Roth Capital reiterated a “buy” rating and issued a $30.00 price objective (up from $27.00) on shares of Revolve Group in a research report on Wednesday, November 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Revolve Group in a report on Wednesday, October 8th. Evercore ISI reiterated a “mixed” rating on shares of Revolve Group in a research report on Wednesday, November 5th. Zacks Research downgraded Revolve Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Finally, BTIG Research reiterated a “buy” rating and set a $30.00 target price on shares of Revolve Group in a report on Wednesday, November 19th.

Insider Activity at Revolve Group

In related news, CEO Michael Mente sold 41,563 shares of the stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $26.02, for a total transaction of $1,081,469.26. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold a total of 178,739 shares of company stock worth $4,723,052 over the last quarter. 43.82% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. New York State Common Retirement Fund raised its stake in Revolve Group by 0.4% during the second quarter. New York State Common Retirement Fund now owns 164,703 shares of the company’s stock worth $3,302,000 after purchasing an additional 627 shares during the period. Arizona State Retirement System increased its holdings in shares of Revolve Group by 6.9% during the 3rd quarter. Arizona State Retirement System now owns 11,946 shares of the company’s stock worth $254,000 after buying an additional 772 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Revolve Group by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,773 shares of the company’s stock worth $489,000 after buying an additional 964 shares during the last quarter. Alliancebernstein L.P. raised its position in shares of Revolve Group by 2.7% in the 3rd quarter. Alliancebernstein L.P. now owns 38,600 shares of the company’s stock worth $822,000 after buying an additional 1,000 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its holdings in Revolve Group by 6.3% in the second quarter. The Manufacturers Life Insurance Company now owns 18,894 shares of the company’s stock valued at $379,000 after acquiring an additional 1,113 shares during the last quarter. 67.60% of the stock is currently owned by hedge funds and other institutional investors.

Revolve Group Price Performance

NYSE RVLV opened at $26.02 on Friday. The business has a 50 day moving average price of $22.41 and a 200 day moving average price of $21.80. The company has a market capitalization of $1.86 billion, a P/E ratio of 34.24, a PEG ratio of 2.88 and a beta of 1.84. Revolve Group has a 1-year low of $16.80 and a 1-year high of $39.58.

Revolve Group (NYSE:RVLV) last posted its earnings results on Tuesday, November 4th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.13. Revolve Group had a return on equity of 11.26% and a net margin of 4.64%.The company had revenue of $295.63 million for the quarter, compared to analyst estimates of $297.36 million. During the same quarter in the prior year, the company earned $0.15 earnings per share. Revolve Group’s revenue was up 4.4% compared to the same quarter last year. On average, research analysts expect that Revolve Group will post 0.6 earnings per share for the current fiscal year.

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.