Revolve Group, Inc. (NYSE:RVLV – Get Rating) – Stock analysts at B. Riley boosted their Q3 2022 EPS estimates for shares of Revolve Group in a research report issued to clients and investors on Wednesday, May 4th. B. Riley analyst S. Anderson now expects that the company will post earnings of $0.27 per share for the quarter, up from their previous forecast of $0.24. B. Riley also issued estimates for Revolve Group’s FY2022 earnings at $1.27 EPS.
RVLV has been the subject of several other research reports. Cowen decreased their target price on Revolve Group from $65.00 to $52.00 in a research note on Wednesday. Robert W. Baird reduced their price objective on Revolve Group from $70.00 to $65.00 in a research report on Wednesday. Raymond James cut their target price on shares of Revolve Group from $73.00 to $62.00 in a research note on Wednesday. Needham & Company LLC assumed coverage on shares of Revolve Group in a research report on Thursday, March 17th. They issued a “buy” rating and a $60.00 price target on the stock. Finally, Stifel Nicolaus began coverage on shares of Revolve Group in a report on Tuesday, March 8th. They set a “buy” rating and a $51.00 price objective on the stock. Two analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $66.00.
Revolve Group (NYSE:RVLV – Get Rating) last issued its quarterly earnings data on Tuesday, May 3rd. The company reported $0.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.03. Revolve Group had a net margin of 11.20% and a return on equity of 36.56%. The business had revenue of $283.50 million during the quarter, compared to analysts’ expectations of $256.78 million. During the same period in the previous year, the company earned $0.30 earnings per share. Revolve Group’s revenue for the quarter was up 58.5% on a year-over-year basis.
In other Revolve Group news, major shareholder Mmmk Development, Inc. sold 33,202 shares of the business’s stock in a transaction dated Wednesday, April 6th. The shares were sold at an average price of $52.19, for a total value of $1,732,812.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Michael Mente sold 64,003 shares of the stock in a transaction that occurred on Tuesday, April 5th. The shares were sold at an average price of $54.24, for a total transaction of $3,471,522.72. The disclosure for this sale can be found here. Insiders sold 359,785 shares of company stock valued at $19,149,373 in the last quarter. 51.12% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. Marshall Wace LLP boosted its stake in shares of Revolve Group by 258.8% in the 4th quarter. Marshall Wace LLP now owns 1,330,838 shares of the company’s stock valued at $74,578,000 after purchasing an additional 959,875 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in Revolve Group by 1,016.7% in the fourth quarter. Fisher Asset Management LLC now owns 891,657 shares of the company’s stock valued at $49,968,000 after buying an additional 811,812 shares during the period. William Blair Investment Management LLC grew its holdings in Revolve Group by 23.5% during the 3rd quarter. William Blair Investment Management LLC now owns 3,278,058 shares of the company’s stock worth $202,486,000 after acquiring an additional 623,091 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in shares of Revolve Group in the 4th quarter valued at $29,667,000. Finally, Wellington Management Group LLP acquired a new stake in shares of Revolve Group during the third quarter worth $24,046,000. Hedge funds and other institutional investors own 54.50% 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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