Revolve Group (NYSE:RVLV) Announces Quarterly Earnings Results, Beats Expectations By $0.05 EPS

Revolve Group (NYSE:RVLV) announced its quarterly earnings data on Tuesday. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.05, Briefing.com reports. Revolve Group had a net margin of 3.08% and a return on equity of 8.35%. The business had revenue of $283.15 million for the quarter, compared to analysts’ expectations of $271.08 million. During the same quarter in the prior year, the company earned $0.04 earnings per share. The business’s revenue was up 9.9% compared to the same quarter last year.

Revolve Group Stock Performance

Revolve Group stock opened at $33.26 on Thursday. Revolve Group has a one year low of $12.63 and a one year high of $33.82. The stock has a fifty day moving average of $24.67 and a 200 day moving average of $21.09. The stock has a market cap of $2.35 billion, a PE ratio of 73.91, a price-to-earnings-growth ratio of 2.43 and a beta of 2.05.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. 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. Piper Sandler upped their target price on shares of Revolve Group from $30.00 to $35.00 and gave the stock an “overweight” rating in a research note on Wednesday. UBS Group raised their price target on shares of Revolve Group from $25.00 to $30.00 and gave the company a “neutral” rating in a research report on Wednesday. Evercore ISI upped their price objective on Revolve Group from $21.00 to $33.00 and gave the company an “in-line” rating in a research report on Wednesday. Finally, Wedbush reissued a “neutral” rating and issued a $19.00 target price on shares of Revolve Group in a report on Wednesday, August 7th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Revolve Group currently has an average rating of “Hold” and a consensus target price of $26.19.

Insiders Place Their Bets

In related news, major shareholder Mmmk Development, Inc. sold 6,493 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $25.92, for a total value of $168,298.56. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, major shareholder Mmmk Development, Inc. sold 6,493 shares of the company’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $25.92, for a total value of $168,298.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael Mente sold 36,114 shares of Revolve Group stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $25.95, for a total value of $937,158.30. Following the transaction, the chief executive officer now owns 73,000 shares in the company, valued at $1,894,350. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 344,946 shares of company stock valued at $10,075,314. Insiders own 46.56% 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.