Revolve Group (RVLV) Scheduled to Post Earnings on Tuesday

Revolve Group (NYSE:RVLVGet Rating) is set to issue its quarterly earnings data after the market closes on Tuesday, May 3rd. Analysts expect the company to announce earnings of $0.25 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Revolve Group (NYSE:RVLVGet Rating) last released its quarterly earnings results on Wednesday, February 23rd. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.21. Revolve Group had a net margin of 11.20% and a return on equity of 36.56%. The business had revenue of $239.81 million during the quarter, compared to the consensus estimate of $222.06 million. During the same quarter last year, the company earned $0.17 earnings per share. The business’s quarterly revenue was up 70.4% compared to the same quarter last year. On average, analysts expect Revolve Group to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

RVLV stock opened at $48.38 on Tuesday. Revolve Group has a twelve month low of $38.82 and a twelve month high of $89.60. The company has a current ratio of 2.75, a quick ratio of 1.68 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $3.54 billion, a P/E ratio of 36.38, a PEG ratio of 3.59 and a beta of 2.31. The firm has a 50 day simple moving average of $51.41 and a 200-day simple moving average of $59.55.

A number of analysts have recently weighed in on the stock. Credit Suisse Group decreased their price target on shares of Revolve Group from $86.00 to $74.00 and set an “outperform” rating for the company in a research report on Thursday, February 24th. Raymond James decreased their price target on shares of Revolve Group from $83.00 to $73.00 and set an “outperform” rating for the company in a research report on Thursday, February 24th. Wedbush decreased their price target on shares of Revolve Group from $84.00 to $68.00 in a research report on Thursday, February 24th. Needham & Company LLC assumed coverage on shares of Revolve Group in a research report on Thursday, March 17th. They set a “buy” rating and a $60.00 price target for the company. Finally, Zacks Investment Research upgraded Revolve Group from a “sell” rating to a “hold” rating in a research note on Saturday, February 26th. Three analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $70.56.

In other news, CEO Michael Mente sold 21,443 shares of the stock in a transaction that occurred on Monday, March 21st. The shares were sold at an average price of $52.02, for a total value of $1,115,464.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Mmmk Development, Inc. sold 33,202 shares of the stock in a transaction that occurred on Wednesday, April 6th. The shares were sold at an average price of $52.19, for a total transaction of $1,732,812.38. The disclosure for this sale can be found here. Insiders sold a total of 359,785 shares of company stock valued at $19,149,373 in the last quarter. 51.12% of the stock is currently owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its stake in Revolve Group by 2.9% during the fourth quarter. BlackRock Inc. now owns 2,572,533 shares of the company’s stock valued at $144,163,000 after purchasing an additional 71,635 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Revolve Group by 31.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 629,728 shares of the company’s stock valued at $35,289,000 after acquiring an additional 150,680 shares in the last quarter. Millennium Management LLC lifted its position in shares of Revolve Group by 110.3% in the 4th quarter. Millennium Management LLC now owns 181,910 shares of the company’s stock valued at $10,194,000 after acquiring an additional 95,419 shares in the last quarter. Comerica Bank lifted its position in shares of Revolve Group by 9.5% in the 4th quarter. Comerica Bank now owns 89,429 shares of the company’s stock valued at $3,922,000 after acquiring an additional 7,778 shares in the last quarter. Finally, California State Teachers Retirement System lifted its position in shares of Revolve Group by 6.1% in the 4th quarter. California State Teachers Retirement System now owns 51,933 shares of the company’s stock valued at $2,910,000 after acquiring an additional 3,004 shares in the last quarter. 52.22% of the stock is owned by institutional investors and hedge funds.

Revolve Group Company Profile (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.

See Also

Earnings History for Revolve Group (NYSE:RVLV)

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