Revolve Group (NYSE:RVLV) Given New $34.00 Price Target at TD Cowen

Revolve Group (NYSE:RVLV) had its price target upped by TD Cowen from $28.00 to $34.00 in a research note issued to investors on Wednesday morning,Benzinga reports. TD Cowen currently has a buy rating on the stock.

RVLV has been the subject of a number of other reports. Barclays raised Revolve Group from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $17.00 to $25.00 in a research note on Wednesday. Morgan Stanley reaffirmed an “equal weight” rating and set a $26.00 price objective (up from $17.00) on shares of Revolve Group in a research note on Monday, October 21st. Robert W. Baird boosted their target price on Revolve Group from $24.00 to $33.00 and gave the company a “neutral” rating in a research note on Wednesday. UBS Group boosted their target price on Revolve Group from $21.00 to $25.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Finally, Evercore ISI boosted their target price on Revolve Group from $20.00 to $21.00 and gave the company an “in-line” rating in a research note on Wednesday, August 7th. One equities research 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 data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $26.19.

Revolve Group Price Performance

Shares of NYSE RVLV traded down $0.71 during midday trading on Wednesday, hitting $32.57. The stock had a trading volume of 331,470 shares, compared to its average volume of 1,007,895. The company’s 50-day simple moving average is $24.67 and its 200 day simple moving average is $21.09. The firm has a market cap of $2.30 billion, a P/E ratio of 73.91, a price-to-earnings-growth ratio of 2.43 and a beta of 2.05. Revolve Group has a fifty-two week low of $12.63 and a fifty-two week high of $33.82.

Revolve Group (NYSE:RVLV) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.05. Revolve Group had a return on equity of 8.35% and a net margin of 3.08%. The business had revenue of $283.15 million during the quarter, compared to analysts’ expectations of $271.08 million. During the same period in the previous year, the firm earned $0.04 earnings per share. The firm’s quarterly revenue was up 9.9% compared to the same quarter last year. Equities analysts expect that Revolve Group will post 0.56 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Michael Mente sold 200,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $31.43, for a total transaction of $6,286,000.00. Following the completion of the transaction, the chief executive officer now directly owns 73,000 shares of the company’s stock, valued at approximately $2,294,390. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CEO Michael Mente sold 200,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $31.43, for a total transaction of $6,286,000.00. Following the completion of the transaction, the chief executive officer now directly owns 73,000 shares of the company’s stock, valued at approximately $2,294,390. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Mmmk Development, Inc. sold 6,493 shares of the company’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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 344,946 shares of company stock worth $10,075,314. Corporate insiders own 46.56% of the company’s stock.

Institutional Trading of Revolve Group

Several institutional investors and hedge funds have recently bought and sold shares of the business. Farther Finance Advisors LLC increased its stake in shares of Revolve Group by 249.7% during the third quarter. Farther Finance Advisors LLC now owns 1,126 shares of the company’s stock worth $28,000 after purchasing an additional 804 shares during the period. Benjamin F. Edwards & Company Inc. increased its stake in shares of Revolve Group by 91.1% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,069 shares of the company’s stock worth $65,000 after purchasing an additional 1,940 shares during the period. Quarry LP bought a new position in shares of Revolve Group during the second quarter worth approximately $68,000. American Century Companies Inc. bought a new position in shares of Revolve Group during the second quarter worth approximately $165,000. Finally, nVerses Capital LLC bought a new position in shares of Revolve Group during the third quarter worth approximately $171,000. Institutional investors 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.