Revolve Group, Inc. (NYSE:RVLV - Get Free Report) CEO Michael Mente sold 456 shares of Revolve Group stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $25.93, for a total value of $11,824.08. Following the sale, the chief executive officer now directly owns 73,000 shares in the company, valued at $1,892,890. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Revolve Group Stock Down 1.2 %
RVLV opened at $25.48 on Friday. Revolve Group, Inc. has a twelve month low of $12.25 and a twelve month high of $25.96. The firm has a 50 day moving average price of $21.29 and a 200-day moving average price of $19.88. The stock has a market capitalization of $1.80 billion, a price-to-earnings ratio of 74.94, a PEG ratio of 2.28 and a beta of 2.04.
Revolve Group (NYSE:RVLV - Get Free Report) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.13 by $0.08. Revolve Group had a return on equity of 8.35% and a net margin of 3.08%. The firm had revenue of $282.50 million for the quarter, compared to the consensus estimate of $277.06 million. During the same period last year, the business posted $0.10 EPS. The company's revenue for the quarter was up 3.2% on a year-over-year basis. As a group, analysts expect that Revolve Group, Inc. will post 0.56 earnings per share for the current year.
Analysts Set New Price Targets
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Several research firms recently weighed in on RVLV. BTIG Research lifted their price target on Revolve Group from $24.00 to $26.00 and gave the company a "buy" rating in a research report on Friday, August 16th. TD Cowen boosted their target price on shares of Revolve Group from $25.00 to $28.00 and gave the company a "buy" rating in a report on Monday, August 26th. Barclays decreased their price target on shares of Revolve Group from $15.00 to $14.00 and set an "underweight" rating for the company in a research note on Thursday, July 18th. 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. Finally, Robert W. Baird upped their price objective on shares of Revolve Group from $23.00 to $24.00 and gave the stock a "neutral" rating in a report on Wednesday, August 14th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $21.44.
Get Our Latest Stock Analysis on RVLV
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in RVLV. BNP Paribas Financial Markets raised its stake in shares of Revolve Group by 80.9% in the fourth quarter. BNP Paribas Financial Markets now owns 176,222 shares of the company's stock worth $2,922,000 after buying an additional 78,828 shares during the period. Stephens Investment Management Group LLC increased its holdings in Revolve Group by 51.3% in the 4th quarter. Stephens Investment Management Group LLC now owns 678,515 shares of the company's stock worth $11,250,000 after acquiring an additional 229,964 shares in the last quarter. Madison Asset Management LLC raised its stake in Revolve Group by 40.4% during the 4th quarter. Madison Asset Management LLC now owns 197,982 shares of the company's stock worth $3,283,000 after acquiring an additional 56,976 shares during the period. Comerica Bank raised its stake in Revolve Group by 12,630.9% during the 1st quarter. Comerica Bank now owns 179,888 shares of the company's stock worth $3,808,000 after acquiring an additional 178,475 shares during the period. Finally, Capstone Investment Advisors LLC purchased a new position in Revolve Group during the first quarter valued at approximately $1,591,000. 67.60% of the stock is currently owned by institutional investors.
About Revolve Group
(
Get Free Report)
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.
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