TD Cowen Forecasts Strong Price Appreciation for Revolve Group (NYSE:RVLV) Stock

Revolve Group (NYSE:RVLV) had its price target lifted by stock analysts at TD Cowen from $28.00 to $34.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. TD Cowen’s price objective suggests a potential upside of 3.22% from the stock’s previous close.

Several other brokerages have also recently issued reports on RVLV. Morgan Stanley restated an “equal weight” rating and issued a $26.00 target price (up previously from $17.00) on shares of Revolve Group in a report on Monday, October 21st. Piper Sandler raised their price target on shares of Revolve Group from $30.00 to $35.00 and gave the stock an “overweight” rating in a report on Wednesday. UBS Group upped their price objective on shares of Revolve Group from $21.00 to $25.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Barclays raised Revolve Group from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $17.00 to $25.00 in a research note on Wednesday. Finally, Evercore ISI upped their price target on Revolve Group from $20.00 to $21.00 and gave the company an “in-line” rating in a research report on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Revolve Group has a consensus rating of “Hold” and a consensus target price of $26.19.

Revolve Group Trading Down 1.0 %

Shares of NYSE:RVLV opened at $32.94 on Wednesday. The stock has a market capitalization of $2.33 billion, a P/E ratio of 73.20, a price-to-earnings-growth ratio of 2.43 and a beta of 2.05. The stock’s 50-day moving average price is $24.87 and its 200-day moving average price is $21.18. Revolve Group has a 12-month low of $12.63 and a 12-month high of $33.82.

Revolve Group (NYSE:RVLV) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share (EPS) for the quarter, topping 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 return on equity of 8.35% and a net margin of 3.08%. Revolve Group’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period last year, the company earned $0.04 EPS. As a group, research analysts predict that Revolve Group will post 0.56 EPS for the current year.

Insider Buying and Selling

In other Revolve Group news, CEO Michael Mente sold 36,114 shares of the firm’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $25.95, for a total transaction of $937,158.30. Following the completion of the transaction, the chief executive officer now owns 73,000 shares of the company’s stock, valued at approximately $1,894,350. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, major shareholder Mmmk Development, Inc. sold 33,164 shares of the business’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $26.26, for a total value of $870,886.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Michael Mente sold 36,114 shares of the firm’s stock in a transaction that occurred 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 directly owns 73,000 shares of the company’s stock, valued at approximately $1,894,350. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 344,946 shares of company stock valued at $10,075,314 over the last ninety days. Company insiders own 46.56% of the company’s stock.

Hedge Funds Weigh In On Revolve Group

Large investors have recently modified their holdings of the stock. Precision Wealth Strategies LLC increased its position in shares of Revolve Group by 3.3% during the third quarter. Precision Wealth Strategies LLC now owns 12,741 shares of the company’s stock valued at $316,000 after acquiring an additional 407 shares in the last quarter. US Bancorp DE increased its holdings in shares of Revolve Group by 1.8% in the 1st quarter. US Bancorp DE now owns 39,255 shares of the company’s stock worth $831,000 after purchasing an additional 677 shares in the last quarter. Farther Finance Advisors LLC increased its holdings 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 worth $28,000 after purchasing an additional 804 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Revolve Group by 4.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 26,498 shares of the company’s stock worth $561,000 after purchasing an additional 1,227 shares during the last quarter. Finally, Versor Investments LP lifted its holdings in shares of Revolve Group by 9.0% during the second quarter. Versor Investments LP now owns 16,953 shares of the company’s stock valued at $270,000 after purchasing an additional 1,405 shares in the last quarter. Hedge funds and other institutional investors own 67.60% of the company’s stock.

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.