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Revolve Group Target of Unusually High Options Trading (NYSE:RVLV)

Tuesday, May 4, 2021 | MarketBeat

Revolve Group, Inc. (NYSE:RVLV) was the recipient of some unusual options trading activity on Monday. Traders purchased 4,272 put options on the stock. This represents an increase of approximately 963% compared to the typical daily volume of 402 put options.

Several equities analysts recently weighed in on RVLV shares. Piper Sandler increased their price target on shares of Revolve Group from $45.00 to $53.00 and gave the stock an "overweight" rating in a report on Wednesday, April 7th. B. Riley raised their price objective on shares of Revolve Group from $42.00 to $58.00 and gave the stock a "buy" rating in a research note on Wednesday, March 24th. Credit Suisse Group raised their price objective on shares of Revolve Group from $44.00 to $48.00 and gave the stock an "outperform" rating in a research note on Wednesday, March 3rd. Raymond James raised their price objective on shares of Revolve Group from $32.00 to $50.00 and gave the stock a "strong-buy" rating in a research note on Wednesday, March 3rd. Finally, Zacks Investment Research raised shares of Revolve Group from a "hold" rating to a "buy" rating and set a $57.00 price objective on the stock in a research note on Thursday, April 29th. Seven research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of "Buy" and an average target price of $42.58.

RVLV stock opened at $50.80 on Tuesday. The business's 50-day moving average is $48.98 and its two-hundred day moving average is $35.14. The firm has a market capitalization of $3.64 billion, a P/E ratio of 78.15, a P/E/G ratio of 3.02 and a beta of 2.83. Revolve Group has a 1 year low of $9.55 and a 1 year high of $55.83.

Revolve Group (NYSE:RVLV) last released its earnings results on Wednesday, February 24th. The company reported $0.26 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.11 by $0.15. Revolve Group had a net margin of 7.87% and a return on equity of 31.18%. The firm had revenue of $140.75 million for the quarter, compared to analyst estimates of $135.16 million. On average, equities analysts anticipate that Revolve Group will post 0.63 earnings per share for the current fiscal year.

In other news, COO David Pujades sold 5,380 shares of the company's stock in a transaction dated Thursday, February 11th. The shares were sold at an average price of $39.80, for a total transaction of $214,124.00. Following the transaction, the chief operating officer now owns 7,945 shares in the company, valued at $316,211. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Michael Mente sold 2,117,762 shares of the stock in a transaction that occurred on Friday, February 26th. The stock was sold at an average price of $38.60, for a total transaction of $81,745,613.20. Following the completion of the transaction, the chief executive officer now owns 73,000 shares in the company, valued at approximately $2,817,800. The disclosure for this sale can be found here. Corporate insiders own 58.74% of the company's stock.

Institutional investors have recently added to or reduced their stakes in the company. Schroder Investment Management Group purchased a new position in Revolve Group in the fourth quarter valued at $22,934,000. Fiera Capital Corp purchased a new stake in Revolve Group during the fourth quarter worth approximately $22,140,000. CI Investments Inc. purchased a new position in Revolve Group in the fourth quarter valued at approximately $19,041,000. Morgan Stanley raised its holdings in Revolve Group by 227.9% during the fourth quarter. Morgan Stanley now owns 714,618 shares of the company's stock worth $22,275,000 after purchasing an additional 496,665 shares in the last quarter. Finally, Palisade Capital Management LLC NJ lifted its position in shares of Revolve Group by 77.4% during the 4th quarter. Palisade Capital Management LLC NJ now owns 924,433 shares of the company's stock worth $28,815,000 after buying an additional 403,434 shares during the last quarter. 32.46% of the stock is owned by institutional investors and hedge funds.

About Revolve Group

Revolve Group, Inc operates as an online fashion retailer for consumers in the United States and internationally. The company operates through two segments, REVOLVE and FORWARD. It operates a platform that connects consumers and global fashion influencers, as well as emerging, established, and owned brands.

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