Q2 2022 EPS Estimates for Revolve Group, Inc. (NYSE:RVLV) Decreased by B. Riley

Revolve Group, Inc. (NYSE:RVLVGet Rating) – Analysts at B. Riley decreased their Q2 2022 earnings per share estimates for Revolve Group in a research report issued on Wednesday, May 4th. B. Riley analyst S. Anderson now expects that the company will earn $0.32 per share for the quarter, down from their prior forecast of $0.36. B. Riley also issued estimates for Revolve Group’s FY2023 earnings at $1.67 EPS.

Revolve Group (NYSE:RVLVGet Rating) last released its earnings results on Tuesday, May 3rd. The company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.03. Revolve Group had a net margin of 10.06% and a return on equity of 34.75%. The business had revenue of $283.50 million during the quarter, compared to analysts’ expectations of $256.78 million. During the same quarter last year, the company earned $0.30 earnings per share. The firm’s revenue was up 58.5% on a year-over-year basis.

Other equities research analysts have also recently issued research reports about the stock. BMO Capital Markets reduced their target price on shares of Revolve Group from $47.00 to $35.00 in a research note on Wednesday. Morgan Stanley dropped their price target on shares of Revolve Group from $57.00 to $56.00 and set an “equal weight” rating for the company in a research report on Thursday, February 24th. Robert W. Baird dropped their price target on shares of Revolve Group from $70.00 to $65.00 in a research report on Wednesday. Credit Suisse Group dropped their price target on shares of Revolve Group from $74.00 to $58.00 in a research report on Wednesday. Finally, Cowen dropped their price target on shares of Revolve Group from $65.00 to $52.00 in a research report on Wednesday. Three equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $66.00.

NYSE RVLV opened at $33.57 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.68 and a current ratio of 2.75. The firm has a 50-day simple moving average of $49.30 and a 200 day simple moving average of $58.11. Revolve Group has a twelve month low of $32.93 and a twelve month high of $89.60. The stock has a market cap of $2.46 billion, a PE ratio of 25.24, a PEG ratio of 3.15 and a beta of 2.32.

A number of hedge funds have recently made changes to their positions in the business. AlphaCrest Capital Management LLC boosted its position in shares of Revolve Group by 4.2% during the third quarter. AlphaCrest Capital Management LLC now owns 4,329 shares of the company’s stock worth $267,000 after purchasing an additional 173 shares in the last quarter. Meitav Dash Investments Ltd. boosted its position in shares of Revolve Group by 1.0% during the fourth quarter. Meitav Dash Investments Ltd. now owns 20,560 shares of the company’s stock worth $1,167,000 after purchasing an additional 200 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Revolve Group by 10.8% during the third quarter. PNC Financial Services Group Inc. now owns 2,130 shares of the company’s stock worth $131,000 after purchasing an additional 208 shares in the last quarter. Legal & General Group Plc boosted its position in shares of Revolve Group by 2.0% during the fourth quarter. Legal & General Group Plc now owns 15,708 shares of the company’s stock worth $880,000 after purchasing an additional 311 shares in the last quarter. Finally, Exchange Traded Concepts LLC boosted its position in shares of Revolve Group by 51.0% during the fourth quarter. Exchange Traded Concepts LLC now owns 977 shares of the company’s stock worth $55,000 after purchasing an additional 330 shares in the last quarter. 54.50% of the stock is currently owned by hedge funds and other institutional investors.

In related news, CEO Michael Mente sold 78,916 shares of the firm’s stock in a transaction that occurred on Friday, March 18th. The shares were sold at an average price of $52.37, for a total value of $4,132,830.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Mmmk Development, Inc. sold 95,110 shares of the firm’s stock in a transaction that occurred on Tuesday, March 22nd. The shares were sold at an average price of $54.18, for a total transaction of $5,153,059.80. The disclosure for this sale can be found here. In the last three months, insiders sold 359,785 shares of company stock valued at $19,149,373. 51.12% of the stock is currently owned by company insiders.

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.

Further Reading

Earnings History and Estimates for Revolve Group (NYSE:RVLV)

Receive News & Ratings for Revolve Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Revolve Group and related companies with MarketBeat.com's FREE daily email newsletter.