Revolve Group, Inc. (NYSE:RVLV – Get Free Report)’s stock price was down 7% on Monday . The company traded as low as $31.10 and last traded at $31.38. Approximately 195,487 shares were traded during trading, a decline of 53% from the average daily volume of 414,455 shares. The stock had previously closed at $33.75.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on RVLV. Barclays raised shares of Revolve Group from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $17.00 to $25.00 in a report on Wednesday, November 6th. Piper Sandler lifted their price objective on shares of Revolve Group from $30.00 to $35.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. BTIG Research increased 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. Morgan Stanley reiterated an “equal weight” rating and issued a $26.00 price objective (up from $17.00) on shares of Revolve Group in a report on Monday, October 21st. Finally, TD Cowen upped their target price on Revolve Group from $28.00 to $34.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Revolve Group has an average rating of “Hold” and a consensus target price of $27.93.
Read Our Latest Stock Report on Revolve Group
Revolve Group Stock Down 7.5 %
Revolve Group (NYSE:RVLV – Get Free Report) last released its quarterly earnings results on Tuesday, November 5th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.10 by $0.05. The business had revenue of $283.15 million for the quarter, compared to analyst estimates of $271.08 million. Revolve Group had a net margin of 3.72% and a return on equity of 10.17%. The company’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.04 earnings per share. As a group, analysts predict that Revolve Group, Inc. will post 0.6 EPS for the current year.
Insider Activity at Revolve Group
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 transaction of $2,814,720.00. Following the completion of the transaction, the chief financial officer now owns 3,054 shares of the company’s stock, valued at $93,818.88. The trade was a 96.77 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael Mente sold 20,373 shares of the company’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $25.95, for a total transaction of $528,679.35. Following the transaction, the chief executive officer now directly owns 73,000 shares of the company’s stock, valued at $1,894,350. This represents a 21.82 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 902,839 shares of company stock valued at $29,112,870 over the last three months. 46.56% of the stock is owned by insiders.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the company. Farther Finance Advisors LLC raised its stake in shares of Revolve Group by 249.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,126 shares of the company’s stock valued at $28,000 after buying an additional 804 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its holdings in shares of Revolve Group by 91.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 4,069 shares of the company’s stock worth $65,000 after buying an additional 1,940 shares in the last quarter. Quarry LP bought a new position in shares of Revolve Group during the 2nd quarter worth approximately $68,000. American Century Companies Inc. acquired a new position in Revolve Group during the second quarter worth $165,000. Finally, nVerses Capital LLC bought a new stake in shares of Revolve Group in the 3rd quarter worth about $171,000. 67.60% of the stock is currently owned by institutional investors and hedge funds.
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.
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