Revolve Group (NYSE:RVLV) Price Target Increased to $58.00 by Analysts at KeyCorp


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Revolve Group (NYSE:RVLV) had its price objective hoisted by KeyCorp from $47.00 to $58.00 in a research report report published on Tuesday, Benzinga reports. They currently have an overweight rating on the stock.

A number of other brokerages have also recently commented on RVLV. Credit Suisse Group upped their price target on shares of Revolve Group from $44.00 to $48.00 and gave the company an outperform rating in a research note on Wednesday, March 3rd. Raymond James increased their target price on shares of Revolve Group from $32.00 to $50.00 and gave the company a strong-buy rating in a report on Wednesday, March 3rd. Zacks Investment Research lowered shares of Revolve Group from a hold rating to a sell rating in a report on Wednesday, January 20th. Needham & Company LLC reissued a hold rating on shares of Revolve Group in a research report on Monday, February 22nd. Finally, Bank of America raised shares of Revolve Group from a neutral rating to a buy rating and increased their price target for the company from $42.00 to $65.00 in a research report on Wednesday, March 24th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of Buy and an average target price of $41.28.

NYSE:RVLV opened at $51.65 on Tuesday. The firm has a 50-day moving average of $47.53 and a 200-day moving average of $32.41. The company has a market cap of $3.70 billion, a PE ratio of 79.46, a PEG ratio of 3.02 and a beta of 2.83. Revolve Group has a one year low of $9.55 and a one year high of $55.83.

Revolve Group (NYSE:RVLV) last issued its quarterly earnings data on Wednesday, February 24th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.15. The business had revenue of $140.75 million during the quarter, compared to the consensus estimate of $135.16 million. Revolve Group had a net margin of 7.87% and a return on equity of 31.18%. As a group, equities research analysts predict that Revolve Group will post 0.63 earnings per share for the current year.

In related news, CEO Michael Mente sold 2,117,762 shares of the company’s stock in a transaction dated Friday, February 26th. The shares were sold at an average price of $38.60, for a total value of $81,745,613.20. Following the completion of the sale, the chief executive officer now directly owns 73,000 shares of the company’s stock, valued at $2,817,800. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO David Pujades sold 30,415 shares of the company’s stock in a transaction dated Friday, January 22nd. The stock was sold at an average price of $36.01, for a total transaction of $1,095,244.15. Following the completion of the sale, the chief operating officer now directly owns 29,344 shares of the company’s stock, valued at $1,056,677.44. The disclosure for this sale can be found here. Insiders sold 2,192,347 shares of company stock worth $84,529,430 in the last 90 days. 58.74% of the stock is currently owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in the business. FDx Advisors Inc. purchased a new position in shares of Revolve Group in the 1st quarter valued at approximately $382,000. Mountain Capital Investment Advisors Inc increased its holdings in Revolve Group by 17.6% in the 1st quarter. Mountain Capital Investment Advisors Inc now owns 27,758 shares of the company’s stock worth $1,418,000 after buying an additional 4,158 shares during the period. Dalton Greiner Hartman Maher & Co. acquired a new position in Revolve Group in the 1st quarter worth approximately $783,000. Dimensional Fund Advisors LP acquired a new position in Revolve Group in the 4th quarter worth approximately $1,488,000. Finally, UBS Asset Management Americas Inc. acquired a new position in Revolve Group in the 4th quarter worth approximately $527,000. 32.46% of the stock is owned by institutional investors and hedge funds.

About Revolve Group

Revolve Group, Inc operates as an online fashion retailer for consumers in the United States and internationally. The company operates through two segments, REVOLVE and FORWARD. It operates a platform that connects consumers and global fashion influencers, as well as emerging, established, and owned brands.

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Analyst Recommendations for Revolve Group (NYSE:RVLV)

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