Revolve Group (NYSE:RVLV) Given New $33.00 Price Target at Evercore ISI

Revolve Group (NYSE:RVLV) had its price objective raised by equities researchers at Evercore ISI from $21.00 to $33.00 in a report issued on Wednesday, Benzinga reports. The firm currently has an “in-line” rating on the stock. Evercore ISI’s target price would indicate a potential upside of 2.93% from the stock’s previous close.

RVLV has been the topic of several other research reports. Barclays upgraded Revolve Group from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $17.00 to $25.00 in a research note on Wednesday. Wedbush reissued a “neutral” rating and issued a $19.00 price objective on shares of Revolve Group in a report on Wednesday, August 7th. Roth Mkm upped their target price on Revolve Group from $26.00 to $29.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Robert W. Baird upped their target price on Revolve Group from $24.00 to $33.00 and gave the company a “neutral” rating in a report on Wednesday. Finally, TD Cowen upped their target price on Revolve Group from $28.00 to $34.00 and gave the company a “buy” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Revolve Group has an average rating of “Hold” and a consensus target price of $24.94.

Revolve Group Stock Up 23.2 %

Shares of NYSE:RVLV traded up $6.04 during midday trading on Wednesday, reaching $32.06. The company’s stock had a trading volume of 1,758,747 shares, compared to its average volume of 999,877. The firm has a market cap of $2.26 billion, a price-to-earnings ratio of 71.11, a price-to-earnings-growth ratio of 2.43 and a beta of 2.05. Revolve Group has a 1 year low of $12.63 and a 1 year high of $32.70. The business has a 50 day moving average price of $24.47 and a 200 day moving average price of $21.01.

Revolve Group (NYSE:RVLV) last issued its earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.06. The firm had revenue of $283.15 million for the quarter, compared to analysts’ expectations of $271.08 million. Revolve Group had a return on equity of 8.35% and a net margin of 3.08%. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.04 earnings per share. Sell-side analysts anticipate that Revolve Group will post 0.56 earnings per share for the current fiscal year.

Insider Activity

In other Revolve Group news, major shareholder Mmmk Development, Inc. sold 6,493 shares of the business’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $25.92, for a total transaction of $168,298.56. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Revolve Group news, major shareholder Mmmk Development, Inc. sold 6,493 shares of the stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $25.92, for a total value of $168,298.56. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Michael Mente sold 48,346 shares of the stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $26.32, for a total transaction of $1,272,466.72. Following the completion of the transaction, the chief executive officer now directly owns 73,000 shares in the company, valued at approximately $1,921,360. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 124,573 shares of company stock valued at $3,260,634 in the last quarter. Company insiders own 46.56% of the company’s stock.

Institutional Trading of Revolve Group

Large investors have recently made changes to their positions in the company. Westfield Capital Management Co. LP acquired a new stake in Revolve Group in the first quarter valued at approximately $33,735,000. Marshall Wace LLP boosted its position in Revolve Group by 141.2% in the second quarter. Marshall Wace LLP now owns 478,623 shares of the company’s stock valued at $7,615,000 after buying an additional 280,151 shares in the last quarter. Comerica Bank boosted its position in Revolve Group by 12,630.9% in the first quarter. Comerica Bank now owns 179,888 shares of the company’s stock valued at $3,808,000 after buying an additional 178,475 shares in the last quarter. Millennium Management LLC raised its stake in shares of Revolve Group by 68.1% during the second quarter. Millennium Management LLC now owns 342,084 shares of the company’s stock valued at $5,443,000 after acquiring an additional 138,600 shares during the last quarter. Finally, Silvercrest Asset Management Group LLC raised its stake in shares of Revolve Group by 55.7% during the first quarter. Silvercrest Asset Management Group LLC now owns 376,620 shares of the company’s stock valued at $7,973,000 after acquiring an additional 134,775 shares during the last quarter. 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.