Revolve Group Inc. (NYSE:RVLV) shares traded 0.33% higher at $24.02 on Wall Street last session.
In accordance with the data, 19 analysts cover Revolve Group Inc. (NYSE:RVLV). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $33.00 and a low of $18.00, we find $27.50. Given the previous closing price of $23.94, this indicates a potential upside of 14.87 percent. RVLV stock price is now -1.36% away from the 50-day moving average and -17.17% away from the 200-day moving average. The market capitalization of the company currently stands at $1.75B.
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It has been rated a hold by 6 analysts and a buy by 7. Brokers who have rated the stock have averaged $26.31 as their price target over the next twelve months.
With the price target reduced from $34 to $28, Piper Sandler Downgraded its rating from Overweight to Neutral for Revolve Group Inc. (NYSE: RVLV). On December 16, 2022, UBS recently initiated its ‘Neutral’ rating on the stock quoting a target price of $25, while ‘Barclays’ rates the stock as ‘Underweight’.
In other news, Karanikolas Michael, CO-CHIEF EXECUTIVE OFFICER sold 66,211 shares of the company’s stock on Apr 07. The stock was sold for $3,496,524 at an average price of $52.81. Upon completion of the transaction, the CO-CHIEF EXECUTIVE OFFICER now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 07, 10% Owner MMMK Development, Inc. sold 66,211 shares of the business’s stock. A total of $3,496,524 was realized by selling the stock at an average price of $52.81. Insiders disposed of 2,457 shares of company stock worth roughly $59017.14 over the past 1 year. A total of 0.63% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in RVLV stock. A new stake in Revolve Group Inc. shares was purchased by BALYASNY ASSET MANAGEMENT LLC during the first quarter worth $12,488,000. TWINBEECH CAPITAL LP invested $4,524,000 in shares of RVLV during the first quarter. In the first quarter, TURTLE CREEK ASSET MANAGEMENT INC. acquired a new stake in Revolve Group Inc. valued at approximately $2,971,000. POINT72 EUROPE (LONDON) LLP acquired a new stake in RVLV for approximately $2,920,000. TOWNSQUARE CAPITAL LLC purchased a new stake in RVLV valued at around $2,565,000 in the second quarter.
Revolve Group Inc. (NYSE: RVLV) opened at $24.10 on Tuesday. During the past 12 months, Revolve Group Inc. has had a low of $20.17 and a high of $63.92. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 2.60, and a quick ratio of 1.60. The fifty day moving average price for RVLV is $24.35 and a two-hundred day moving average price translates $29.00 for the stock.
The latest earnings results from Revolve Group Inc. (NYSE: RVLV) was released for Jun, 2022. According to the Internet Retail Company, earnings per share came in at $0.22, missing analysts’ expectations of $0.31 by -0.09. This compares to $0.22 EPS in the same period last year. The net profit margin was 7.40% and return on equity was 23.20% for RVLV. The company reported revenue of $268.71 million for the quarter, compared to $244.06 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 10.1 percent. For the current quarter, analysts expect RVLV to generate $258.11M in revenue.
Revolve Group Inc.(RVLV) Company Profile
Revolve Group, Inc. operates as an online fashion retailer for 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. The company offers women’s apparel, footwear, accessories, and beauty styles under established and emerging brands, as well as owned brands. It also provides various luxury brands. The company was formerly known as Advance Holdings, LLC and changed its name to Revolve Group, Inc. in October 2018. Revolve Group, Inc. was founded in 2003 and is headquartered in Cerritos, California.
