Revolve Group (NYSE:RVLV) Posts Earnings Results, Beats Estimates By $0.08 EPS

Revolve Group (NYSE:RVLV) announced its quarterly earnings results on Tuesday. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.08, Zacks reports. Revolve Group had a net margin of 3.72% and a return on equity of 10.17%.

Revolve Group Trading Down 4.0 %

Shares of NYSE:RVLV traded down $1.20 during trading on Tuesday, hitting $28.53. 2,977,930 shares of the company were exchanged, compared to its average volume of 1,219,018. The stock has a market cap of $2.02 billion, a price-to-earnings ratio of 50.94, a P/E/G ratio of 1.48 and a beta of 2.17. Revolve Group has a fifty-two week low of $14.87 and a fifty-two week high of $39.58. The firm has a fifty day moving average price of $31.44 and a two-hundred day moving average price of $29.03.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. BTIG Research boosted their target price on Revolve Group from $30.00 to $35.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Piper Sandler increased their target price on Revolve Group from $30.00 to $35.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. Evercore ISI lifted their price target on shares of Revolve Group from $21.00 to $33.00 and gave the company an “in-line” rating in a research note on Wednesday, November 6th. Barclays upgraded shares of Revolve Group from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $17.00 to $25.00 in a report on Wednesday, November 6th. Finally, Robert W. Baird boosted their price objective on shares of Revolve Group from $24.00 to $33.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $29.60.

Insider Activity at Revolve Group

In other news, CEO Michael Mente sold 90,266 shares of Revolve Group stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $35.80, for a total transaction of $3,231,522.80. Following the completion of the transaction, the chief executive officer now directly owns 123,000 shares in the company, valued at approximately $4,403,400. The trade was a 42.33 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last three months, insiders sold 687,778 shares of company stock valued at $22,364,908. 46.56% of the stock is owned by corporate insiders.

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.