Revolve Group, Inc. (NYSE:RVLV - Free Report) - Equities researchers at KeyCorp issued their FY2024 EPS estimates for Revolve Group in a report issued on Wednesday, January 22nd. KeyCorp analyst A. Owens expects that the company will post earnings of $0.61 per share for the year. KeyCorp currently has a "Overweight" rating and a $37.00 price objective on the stock. The consensus estimate for Revolve Group's current full-year earnings is $0.60 per share. KeyCorp also issued estimates for Revolve Group's FY2026 earnings at $1.04 EPS.
A number of other analysts have also recently commented on the company. TD Cowen boosted their price target on Revolve Group from $28.00 to $34.00 and gave the stock a "buy" rating in a research report on Wednesday, November 6th. UBS Group boosted their target price on Revolve Group from $25.00 to $30.00 and gave the stock a "neutral" rating in a report on Wednesday, November 6th. Stifel Nicolaus raised their price target on Revolve Group from $35.00 to $41.00 and gave the company a "buy" rating in a report on Wednesday, December 11th. Roth Mkm reiterated a "buy" rating and issued a $35.00 price target (up previously from $29.00) on shares of Revolve Group in a research note on Wednesday, November 6th. Finally, Morgan Stanley reissued an "equal weight" rating and set a $26.00 price objective (up from $17.00) on shares of Revolve Group in a research report on Monday, October 21st. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $29.60.
Read Our Latest Report on RVLV
Shares of RVLV stock opened at $31.54 on Monday. The business's fifty day moving average is $33.78 and its 200 day moving average is $27.23. The stock has a market cap of $2.23 billion, a price-to-earnings ratio of 56.33, a PEG ratio of 1.58 and a beta of 2.18. Revolve Group has a twelve month low of $14.04 and a twelve month high of $39.58.
Revolve Group (NYSE:RVLV - Get Free Report) last announced its earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share for the quarter, beating analysts' consensus estimates of $0.10 by $0.05. Revolve Group had a net margin of 3.72% and a return on equity of 10.17%. The firm had revenue of $283.15 million for the quarter, compared to analyst estimates of $271.08 million. During the same quarter in the previous year, the firm posted $0.04 EPS. The company's revenue for the quarter was up 9.9% compared to the same quarter last year.
In other Revolve Group news, CFO Jesse Timmermans sold 91,625 shares of the business's stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $30.72, for a total value of $2,814,720.00. Following the sale, the chief financial officer now owns 3,054 shares in the company, valued at $93,818.88. The trade was a 96.77 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael Mente sold 200,000 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $31.43, for a total transaction of $6,286,000.00. Following the transaction, the chief executive officer now directly owns 73,000 shares of the company's stock, valued at $2,294,390. This trade represents a 73.26 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 900,807 shares of company stock valued at $29,507,102 over the last ninety days. 46.56% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently modified their holdings of RVLV. Marshall Wace LLP lifted its holdings in shares of Revolve Group by 141.2% in 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 during the last quarter. Polar Asset Management Partners Inc. bought a new position in shares of Revolve Group during the third quarter valued at approximately $3,982,000. JPMorgan Chase & Co. increased its holdings in shares of Revolve Group by 83.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 349,670 shares of the company's stock valued at $8,665,000 after acquiring an additional 158,960 shares during the period. Millennium Management LLC grew its stake in Revolve Group by 68.1% in the second quarter. Millennium Management LLC now owns 342,084 shares of the company's stock valued at $5,443,000 after purchasing an additional 138,600 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Revolve Group by 22.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 683,101 shares of the company's stock worth $10,867,000 after acquiring an additional 123,745 shares in the last quarter. 67.60% of the stock is owned by hedge funds and other institutional investors.
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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