Brokers Offer Predictions for Revolve Group, Inc.’s Q1 2022 Earnings (NYSE:RVLV)

Revolve Group, Inc. (NYSE:RVLV – Get Rating) – Research analysts at B. Riley increased their Q1 2022 earnings estimates for Revolve Group in a research note issued on Friday, April 22nd. B. Riley analyst S. Anderson now forecasts that the company will earn $0.26 per share for the quarter, up from their previous forecast of $0.23. B. Riley also issued estimates for Revolve Group’s Q4 2022 earnings at $0.38 EPS.

RVLV has been the topic of several other reports. Credit Suisse Group dropped their price target on Revolve Group from $86.00 to $74.00 and set an “outperform” rating on the stock in a research note on Thursday, February 24th. Robert W. Baird dropped their price target on Revolve Group from $90.00 to $70.00 in a research note on Thursday, February 24th. Needham & Company LLC initiated coverage on Revolve Group in a research note on Thursday, March 17th. They issued a “buy” rating and a $60.00 price target on the stock. Zacks Investment Research raised Revolve Group from a “sell” rating to a “hold” rating in a research note on Saturday, February 26th. Finally, Raymond James dropped their price target on Revolve Group from $83.00 to $73.00 and set an “outperform” rating on the stock in a research note on Thursday, February 24th. Three research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $70.56.

Revolve Group stock opened at $45.55 on Monday. The stock’s 50 day moving average is $51.41 and its 200 day moving average is $59.60. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.75 and a quick ratio of 1.68. The firm has a market cap of $3.34 billion, a P/E ratio of 34.25, a P/E/G ratio of 3.59 and a beta of 2.31. Revolve Group has a one year low of $38.82 and a one year high of $89.60.

Revolve Group (NYSE:RVLV – Get Rating) last released its quarterly earnings results on Wednesday, February 23rd. The company reported $0.39 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.21. The company had revenue of $239.81 million for the quarter, compared to analysts’ expectations of $222.06 million. Revolve Group had a return on equity of 36.56% and a net margin of 11.20%. The business’s quarterly revenue was up 70.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.17 earnings per share.

Several institutional investors and hedge funds have recently modified their holdings of the company. CWM LLC lifted its position in Revolve Group by 1,478.9% in the 1st quarter. CWM LLC now owns 900 shares of the company’s stock worth $48,000 after buying an additional 843 shares during the last quarter. Exchange Traded Concepts LLC lifted its position in Revolve Group by 51.0% in the 4th quarter. Exchange Traded Concepts LLC now owns 977 shares of the company’s stock worth $55,000 after buying an additional 330 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in Revolve Group by 134.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,170 shares of the company’s stock worth $58,000 after buying an additional 670 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its position in Revolve Group by 200.6% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 2,038 shares of the company’s stock worth $126,000 after buying an additional 1,360 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in Revolve Group by 10.8% in the 3rd quarter. PNC Financial Services Group Inc. now owns 2,130 shares of the company’s stock worth $131,000 after buying an additional 208 shares during the last quarter. Hedge funds and other institutional investors own 52.22% of the company’s stock.

In related news, major shareholder Mmmk Development, Inc. sold 33,202 shares of the stock in a transaction dated Wednesday, April 6th. The stock was sold at an average price of $52.19, for a total transaction of $1,732,812.38. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Michael Mente sold 900 shares of the stock in a transaction dated Friday, February 25th. The stock was sold at an average price of $52.31, for a total value of $47,079.00. The disclosure for this sale can be found here. Insiders have sold a total of 359,785 shares of company stock worth $19,149,373 in the last ninety days. Insiders own 51.12% of the company’s stock.

About Revolve Group (Get Rating)

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.

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