Brokerages Set Revolve Group, Inc. (NYSE:RVLV) Price Target at $26.07

Shares of Revolve Group, Inc. (NYSE:RVLV - Get Free Report) have been given a consensus recommendation of "Hold" by the fifteen analysts that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, six have given a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $26.07.

Several analysts have weighed in on the company. BMO Capital Markets boosted their price target on Revolve Group from $15.00 to $19.00 and gave the company a "market perform" rating in a research note on Wednesday, February 26th. UBS Group decreased their target price on Revolve Group from $22.00 to $19.00 and set a "neutral" rating for the company in a report on Wednesday, May 7th. Barclays reiterated a "reduce" rating on shares of Revolve Group in a report on Wednesday, May 7th. Jefferies Financial Group raised shares of Revolve Group from a "hold" rating to a "buy" rating and set a $30.00 price target for the company in a research report on Friday, March 14th. Finally, Piper Sandler dropped their price objective on shares of Revolve Group from $35.00 to $22.00 and set an "overweight" rating on the stock in a report on Friday, April 11th.

Revolve Group Stock Performance

RVLV stock traded down $0.26 during trading on Wednesday, reaching $19.36. The company had a trading volume of 1,277,588 shares, compared to its average volume of 1,173,270. Revolve Group has a twelve month low of $14.87 and a twelve month high of $39.58. The company has a market cap of $1.38 billion, a price-to-earnings ratio of 34.58, a price-to-earnings-growth ratio of 1.48 and a beta of 2.10. The firm has a 50-day simple moving average of $20.30 and a 200-day simple moving average of $27.46.

Revolve Group (NYSE:RVLV - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.13 by $0.03. Revolve Group had a net margin of 3.72% and a return on equity of 10.17%. The business had revenue of $296.71 million during the quarter, compared to the consensus estimate of $297.56 million. During the same period in the previous year, the firm posted $0.15 earnings per share. The business's revenue for the quarter was up 9.7% compared to the same quarter last year. Sell-side analysts expect that Revolve Group will post 0.6 earnings per share for the current year.

Insider Activity at Revolve Group

In related news, CEO Michael Karanikolas sold 12,566 shares of the firm's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $25.94, for a total transaction of $325,962.04. Following the sale, the chief executive officer now owns 123,000 shares in the company, valued at approximately $3,190,620. This trade represents a 9.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 43.82% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Summit Securities Group LLC acquired a new stake in shares of Revolve Group during the 1st quarter valued at about $25,000. Venturi Wealth Management LLC boosted its position in Revolve Group by 1,302.1% during the fourth quarter. Venturi Wealth Management LLC now owns 1,346 shares of the company's stock worth $45,000 after purchasing an additional 1,250 shares in the last quarter. Sugar Maple Asset Management LLC acquired a new stake in Revolve Group in the fourth quarter valued at approximately $50,000. Castlekeep Investment Advisors LLC acquired a new stake in Revolve Group in the fourth quarter valued at approximately $65,000. Finally, Northwest & Ethical Investments L.P. purchased a new stake in shares of Revolve Group in the fourth quarter valued at approximately $87,000. Institutional investors and hedge funds own 67.60% of the company's stock.

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.